Insider Selling: Tyler Technologies, Inc. (NYSE:TYL) Insider Sells 12,000 Shares of Stock

Tyler Technologies, Inc. (NYSE:TYL) insider John S. Marr, Jr. sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $613.66, for a total value of $7,363,920.00. Following the transaction, the insider now directly owns 6,983 shares in the company, valued at $4,285,187.78. This trade represents a 63.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Tyler Technologies Stock Performance

TYL traded up $11.03 on Tuesday, hitting $635.22. 249,490 shares of the company’s stock were exchanged, compared to its average volume of 235,075. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The stock has a fifty day moving average of $595.99 and a two-hundred day moving average of $553.15. Tyler Technologies, Inc. has a twelve month low of $397.80 and a twelve month high of $635.40. The firm has a market cap of $27.19 billion, a PE ratio of 114.10, a P/E/G ratio of 5.52 and a beta of 0.77.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.09. The business had revenue of $543.34 million during the quarter, compared to analyst estimates of $547.34 million. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.66 EPS. On average, research analysts anticipate that Tyler Technologies, Inc. will post 7.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on TYL. Barclays boosted their target price on shares of Tyler Technologies from $700.00 to $705.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. DA Davidson raised their target price on Tyler Technologies from $525.00 to $550.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. The Goldman Sachs Group reiterated a “buy” rating and issued a $627.00 price target on shares of Tyler Technologies in a research note on Friday, September 13th. StockNews.com lowered Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $685.00 target price (up from $600.00) on shares of Tyler Technologies in a research report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $642.62.

Hedge Funds Weigh In On Tyler Technologies

Several institutional investors have recently modified their holdings of TYL. Waldron Private Wealth LLC grew its holdings in Tyler Technologies by 3.5% in the 2nd quarter. Waldron Private Wealth LLC now owns 716 shares of the technology company’s stock worth $360,000 after buying an additional 24 shares in the last quarter. FWG Holdings LLC grew its stake in shares of Tyler Technologies by 3.1% in the third quarter. FWG Holdings LLC now owns 910 shares of the technology company’s stock worth $551,000 after purchasing an additional 27 shares in the last quarter. Industrial Alliance Investment Management Inc. increased its holdings in shares of Tyler Technologies by 4.4% during the first quarter. Industrial Alliance Investment Management Inc. now owns 693 shares of the technology company’s stock valued at $295,000 after purchasing an additional 29 shares during the period. George Kaiser Family Foundation increased its holdings in shares of Tyler Technologies by 0.7% during the second quarter. George Kaiser Family Foundation now owns 4,177 shares of the technology company’s stock valued at $2,100,000 after purchasing an additional 29 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. lifted its holdings in Tyler Technologies by 2.3% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,377 shares of the technology company’s stock worth $804,000 after purchasing an additional 31 shares during the period. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Company Profile

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. It operates in two segments, Enterprise Software and Platform Technologies. The company offers platform and transformative technology solutions, including cybersecurity for government agencies; data and insights solutions; digital solutions that helps workers and policymakers to share, communicate, and leverage data; payments solutions, such as billing, presentment, merchant onboarding, collections, reconciliation, and disbursements; platform technologies, an application development platform that enables government workers to build solutions and applications; and outdoor recreation solutions, including campsite reservations, activity registrations, licensing sales and renewals, and real-time data for conservation and park management.