Tyler Technologies, Inc. (NYSE:TYL - Get Free Report) CEO H Lynn Moore, Jr. sold 5,250 shares of the business's stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $481.83, for a total transaction of $2,529,607.50. Following the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $36,137,250. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Tyler Technologies Stock Up 0.2 %
Shares of NYSE TYL opened at $481.84 on Friday. Tyler Technologies, Inc. has a 1 year low of $361.16 and a 1 year high of $485.40. The company has a market capitalization of $20.46 billion, a P/E ratio of 109.01, a P/E/G ratio of 4.38 and a beta of 0.76. The company has a 50 day simple moving average of $429.06 and a 200-day simple moving average of $420.83. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.94 and a quick ratio of 0.94.
Tyler Technologies (NYSE:TYL - Get Free Report) last posted its earnings results on Wednesday, February 14th. The technology company reported $1.39 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.06. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. The company had revenue of $480.94 million for the quarter, compared to analysts' expectations of $483.34 million. On average, equities research analysts predict that Tyler Technologies, Inc. will post 7.14 earnings per share for the current year.
Institutional Inflows and Outflows
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Several institutional investors and hedge funds have recently added to or reduced their stakes in TYL. First Trust Direct Indexing L.P. grew its holdings in Tyler Technologies by 2.7% during the third quarter. First Trust Direct Indexing L.P. now owns 1,095 shares of the technology company's stock worth $423,000 after acquiring an additional 29 shares during the period. Baron Wealth Management LLC grew its stake in shares of Tyler Technologies by 2.0% during the 4th quarter. Baron Wealth Management LLC now owns 1,463 shares of the technology company's stock worth $612,000 after purchasing an additional 29 shares during the period. Centered Wealth LLC dba Miller Equity Capital Advisors increased its holdings in shares of Tyler Technologies by 0.8% in the 4th quarter. Centered Wealth LLC dba Miller Equity Capital Advisors now owns 3,920 shares of the technology company's stock valued at $1,639,000 after purchasing an additional 30 shares in the last quarter. GW&K Investment Management LLC lifted its stake in shares of Tyler Technologies by 0.3% in the fourth quarter. GW&K Investment Management LLC now owns 12,044 shares of the technology company's stock valued at $5,035,000 after purchasing an additional 31 shares during the period. Finally, Avantax Advisory Services Inc. boosted its holdings in Tyler Technologies by 5.2% during the fourth quarter. Avantax Advisory Services Inc. now owns 670 shares of the technology company's stock worth $280,000 after buying an additional 33 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company's stock.
Analyst Ratings Changes
A number of analysts have commented on the company. JMP Securities reaffirmed a "market outperform" rating and set a $490.00 price target on shares of Tyler Technologies in a research report on Friday, April 26th. Robert W. Baird increased their price target on shares of Tyler Technologies from $500.00 to $525.00 and gave the stock an "outperform" rating in a report on Friday, April 26th. DA Davidson upped their price objective on shares of Tyler Technologies from $412.00 to $434.00 and gave the company a "neutral" rating in a report on Thursday, February 22nd. Oppenheimer raised their target price on shares of Tyler Technologies from $480.00 to $500.00 and gave the stock an "outperform" rating in a report on Friday, April 26th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $520.00 price target on shares of Tyler Technologies in a research report on Wednesday, April 24th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $492.22.
Read Our Latest Research Report on TYL
Tyler Technologies Company Profile
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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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