Tyler Technologies, Inc. (NYSE:TYL) Director Sells $2,294,150.00 in Stock

Tyler Technologies, Inc. (NYSE:TYL) Director Brenda A. Cline sold 5,000 shares of Tyler Technologies stock in a transaction on Monday, April 29th. The shares were sold at an average price of $458.83, for a total transaction of $2,294,150.00. Following the completion of the transaction, the director now owns 1,358 shares in the company, valued at $623,091.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Tyler Technologies Stock Up 1.0 %

Shares of NYSE TYL opened at $469.00 on Friday. Tyler Technologies, Inc. has a 12-month low of $361.16 and a 12-month high of $471.53. The company has a market capitalization of $19.91 billion, a PE ratio of 106.11, a price-to-earnings-growth ratio of 4.28 and a beta of 0.76. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.94 and a quick ratio of 0.94. The firm’s 50-day moving average is $425.73 and its two-hundred day moving average is $417.99.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $483.34 million. Equities analysts anticipate that Tyler Technologies, Inc. will post 7.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TYL shares. DA Davidson boosted their price target on shares of Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a research note on Thursday, February 22nd. Needham & Company LLC reiterated a “buy” rating and set a $500.00 price target on shares of Tyler Technologies in a research note on Thursday, April 25th. JMP Securities reiterated a “market outperform” rating and set a $490.00 price target on shares of Tyler Technologies in a research note on Friday, April 26th. Robert W. Baird boosted their price objective 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. Finally, Piper Sandler reissued an “overweight” rating and set a $520.00 price objective on shares of Tyler Technologies in a report on Wednesday, April 24th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $492.22.

Institutional Trading of Tyler Technologies

Several institutional investors and hedge funds have recently modified their holdings of TYL. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Tyler Technologies by 32.2% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 7,800 shares of the technology company’s stock valued at $3,012,000 after purchasing an additional 1,900 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Tyler Technologies by 15.8% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 18,068 shares of the technology company’s stock valued at $6,977,000 after buying an additional 2,468 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in shares of Tyler Technologies by 4.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 3,783 shares of the technology company’s stock valued at $1,461,000 after buying an additional 160 shares during the period. Xponance Inc. lifted its stake in shares of Tyler Technologies by 1.3% during the third quarter. Xponance Inc. now owns 9,027 shares of the technology company’s stock valued at $3,486,000 after buying an additional 119 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in shares of Tyler Technologies by 13.0% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 4,744 shares of the technology company’s stock valued at $1,832,000 after buying an additional 546 shares during the period. Hedge funds and other 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.