Tyler Technologies, Inc. (NYSE:TYL - Get Free Report) CEO H Lynn Moore, Jr. sold 9,250 shares of the company's stock in a transaction on Friday, August 28th. The stock was sold at an average price of $372.79, for a total transaction of $3,448,307.50. Following the completion of the transaction, the chief executive officer directly owned 100,392 shares in the company, valued at approximately $37,425,133.68. The trade was a 8.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Tyler Technologies Price Performance
NYSE:TYL opened at $348.10 on Wednesday. The firm has a market capitalization of $14.25 billion, a price-to-earnings ratio of 46.17, a P/E/G ratio of 2.40 and a beta of 0.84. Tyler Technologies, Inc. has a 52-week low of $270.71 and a 52-week high of $566.34. The stock has a fifty day moving average of $328.42 and a 200 day moving average of $326.32. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.55 and a current ratio of 1.55.
Tyler Technologies (NYSE:TYL - Get Free Report) last announced its earnings results on Wednesday, July 29th. The technology company reported $3.08 earnings per share for the quarter, topping analysts' consensus estimates of $3.05 by $0.03. Tyler Technologies had a return on equity of 11.15% and a net margin of 13.36%.The business had revenue of $645.10 million for the quarter, compared to analyst estimates of $647.95 million. During the same period in the prior year, the company earned $2.91 EPS. The company's quarterly revenue was up 8.2% compared to the same quarter last year. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. On average, research analysts expect that Tyler Technologies, Inc. will post 10.13 EPS for the current fiscal year.
Institutional Trading of Tyler Technologies
Hedge funds have recently bought and sold shares of the company. American Capital Management Inc. boosted its position in shares of Tyler Technologies by 348.9% in the 1st quarter. American Capital Management Inc. now owns 98,942 shares of the technology company's stock worth $33,876,000 after purchasing an additional 76,903 shares in the last quarter. Edgestream Partners L.P. bought a new position in Tyler Technologies during the 1st quarter valued at approximately $2,739,000. TimesSquare Capital Management LLC increased its position in Tyler Technologies by 7.6% during the 4th quarter. TimesSquare Capital Management LLC now owns 111,702 shares of the technology company's stock valued at $50,707,000 after buying an additional 7,913 shares in the last quarter. Norges Bank purchased a new position in Tyler Technologies during the fourth quarter valued at $921,035,000. Finally, ING Groep NV bought a new stake in Tyler Technologies in the fourth quarter worth $9,379,000. Institutional investors own 93.30% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on TYL shares. UBS Group set a $395.00 target price on shares of Tyler Technologies in a research note on Saturday, August 1st. Piper Sandler cut their price target on shares of Tyler Technologies from $543.00 to $491.00 and set an "overweight" rating for the company in a research note on Friday, July 31st. TD Cowen decreased their price target on shares of Tyler Technologies from $450.00 to $400.00 and set a "buy" rating on the stock in a report on Monday, July 27th. BTIG Research lowered their price objective on shares of Tyler Technologies from $420.00 to $400.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Finally, Barclays lifted their price objective on shares of Tyler Technologies from $420.00 to $425.00 and gave the stock an "overweight" rating in a report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Tyler Technologies has an average rating of "Moderate Buy" and a consensus price target of $456.72.
Read Our Latest Stock Analysis on Tyler Technologies
Tyler Technologies Company Profile
(
Get Free Report)
Tyler Technologies, Inc is a provider of software and technology services for the public sector, delivering integrated systems that help government and public agencies manage operations, finances and citizen services. Headquartered in Plano, Texas, the company focuses on developing and implementing solutions for local and state governments, school districts, courts and public safety organizations. Its offerings are aimed at modernizing administrative workflows, improving transparency and enabling digital interactions between governments and the communities they serve.
Tyler's product portfolio spans enterprise resource planning and financial management, tax and billing systems, court case and records management, public safety solutions (including computer-aided dispatch and records management), land and property management, permitting and licensing, and enterprise asset management.
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