Tyler Technologies, Inc. (NYSE:TYL – Get Free Report) CFO Brian K. Miller sold 2,500 shares of Tyler Technologies stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $586.97, for a total transaction of $1,467,425.00. Following the completion of the sale, the chief financial officer now directly owns 11,950 shares of the company’s stock, valued at $7,014,291.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Tyler Technologies Stock Performance
Shares of TYL stock opened at $583.86 on Friday. Tyler Technologies, Inc. has a 12 month low of $361.16 and a 12 month high of $593.50. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $24.91 billion, a P/E ratio of 132.10, a P/E/G ratio of 5.44 and a beta of 0.78. The company’s fifty day moving average price is $554.50 and its two-hundred day moving average price is $486.36.
Tyler Technologies (NYSE:TYL – Get Free Report) last issued its earnings results on Wednesday, July 24th. The technology company reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.06. The business had revenue of $540.98 million for the quarter, compared to analyst estimates of $541.01 million. Tyler Technologies had a net margin of 10.24% and a return on equity of 9.66%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.53 EPS. On average, research analysts anticipate that Tyler Technologies, Inc. will post 7.21 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Tyler Technologies
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on TYL. Truist Financial reissued a “buy” rating and set a $600.00 price objective (up from $560.00) on shares of Tyler Technologies in a research note on Friday, July 26th. Evercore ISI raised shares of Tyler Technologies to a “hold” rating in a research note on Friday, July 26th. JMP Securities boosted their price objective on shares of Tyler Technologies from $490.00 to $580.00 and gave the company a “market outperform” rating in a research note on Monday, July 22nd. Loop Capital lifted their target price on shares of Tyler Technologies from $485.00 to $530.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Finally, Needham & Company LLC restated a “buy” rating and set a $600.00 target price on shares of Tyler Technologies in a report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Tyler Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $582.31.
Check Out Our Latest Stock Report on Tyler Technologies
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.
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