Tyler Technologies, Inc. (NYSE:TYL - Get Free Report) CFO Brian K. Miller sold 2,671 shares of the firm's stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $465.03, for a total transaction of $1,242,095.13. Following the sale, the chief financial officer now owns 13,536 shares of the company's stock, valued at $6,294,646.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Tyler Technologies Stock Performance
NYSE TYL opened at $481.38 on Wednesday. Tyler Technologies, Inc. has a 1 year low of $361.16 and a 1 year high of $483.83. The firm has a market capitalization of $20.44 billion, a price-to-earnings ratio of 108.91, a P/E/G ratio of 4.38 and a beta of 0.76. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.20. The firm's 50 day simple moving average is $427.32 and its 200 day simple moving average is $419.98.
Tyler Technologies (NYSE:TYL - Get Free Report) last issued its earnings results on Wednesday, February 14th. The technology company reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.33 by $0.06. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. The firm had revenue of $480.94 million for the quarter, compared to the consensus estimate of $483.34 million. As a group, research analysts expect that Tyler Technologies, Inc. will post 7.14 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
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A number of hedge funds and other institutional investors have recently bought and sold shares of TYL. QRG Capital Management Inc. boosted its stake in shares of Tyler Technologies by 10.4% in the 1st quarter. QRG Capital Management Inc. now owns 658 shares of the technology company's stock valued at $280,000 after purchasing an additional 62 shares in the last quarter. Inspire Investing LLC boosted its position in Tyler Technologies by 11.4% in the first quarter. Inspire Investing LLC now owns 5,798 shares of the technology company's stock valued at $2,464,000 after buying an additional 591 shares in the last quarter. Inspire Advisors LLC boosted its position in Tyler Technologies by 16.4% in the first quarter. Inspire Advisors LLC now owns 1,195 shares of the technology company's stock valued at $508,000 after buying an additional 168 shares in the last quarter. Meeder Advisory Services Inc. grew its stake in shares of Tyler Technologies by 11.5% during the first quarter. Meeder Advisory Services Inc. now owns 572 shares of the technology company's stock worth $243,000 after buying an additional 59 shares during the last quarter. Finally, Choate Investment Advisors increased its holdings in shares of Tyler Technologies by 1.9% during the first quarter. Choate Investment Advisors now owns 15,520 shares of the technology company's stock worth $6,596,000 after buying an additional 291 shares in the last quarter. Institutional investors own 93.30% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on TYL shares. Robert W. Baird increased their target price on Tyler Technologies from $500.00 to $525.00 and gave the stock an "outperform" rating in a research note on Friday, April 26th. DA Davidson boosted their target price on shares of Tyler Technologies from $412.00 to $434.00 and gave the company a "neutral" rating in a research report on Thursday, February 22nd. Needham & Company LLC reaffirmed a "buy" rating and set a $500.00 price target on shares of Tyler Technologies in a research report on Thursday, April 25th. JMP Securities reissued a "market outperform" rating and issued a $490.00 price objective on shares of Tyler Technologies in a report on Friday, April 26th. Finally, JPMorgan Chase & Co. raised their target price on shares of Tyler Technologies from $500.00 to $526.00 and gave the stock an "overweight" rating in a report on Thursday, February 15th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Tyler Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $492.22.
Read Our Latest Analysis on TYL
Tyler Technologies Company Profile
(
Get Free Report)
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.
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