Tyler Technologies, Inc. (NYSE:TYL) CFO Brian K. Miller Sells 2,500 Shares

Tyler Technologies, Inc. (NYSE:TYL) CFO Brian K. Miller sold 2,500 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $624.41, for a total transaction of $1,561,025.00. Following the completion of the sale, the chief financial officer now directly owns 11,950 shares in the company, valued at $7,461,699.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Tyler Technologies Stock Performance

Shares of TYL stock opened at $619.57 on Wednesday. The firm has a market capitalization of $26.52 billion, a PE ratio of 113.06, a P/E/G ratio of 5.62 and a beta of 0.77. The company has a 50 day moving average price of $592.25 and a 200-day moving average price of $544.55. Tyler Technologies, Inc. has a 52 week low of $397.80 and a 52 week high of $631.43. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.09. The business had revenue of $543.34 million during the quarter, compared to analyst estimates of $547.34 million. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.66 EPS. As a group, equities research analysts expect that Tyler Technologies, Inc. will post 7.39 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Private Advisor Group LLC increased its position in shares of Tyler Technologies by 40.4% during the 1st quarter. Private Advisor Group LLC now owns 1,143 shares of the technology company’s stock valued at $486,000 after purchasing an additional 329 shares during the last quarter. Empowered Funds LLC increased its holdings in Tyler Technologies by 49.7% during the first quarter. Empowered Funds LLC now owns 2,414 shares of the technology company’s stock valued at $1,026,000 after buying an additional 801 shares during the last quarter. SG Americas Securities LLC raised its position in Tyler Technologies by 60.9% in the first quarter. SG Americas Securities LLC now owns 6,862 shares of the technology company’s stock worth $2,916,000 after acquiring an additional 2,596 shares during the period. Forsta AP Fonden raised its position in Tyler Technologies by 17.3% in the first quarter. Forsta AP Fonden now owns 8,800 shares of the technology company’s stock worth $3,740,000 after acquiring an additional 1,300 shares during the period. Finally, Meeder Advisory Services Inc. boosted its stake in shares of Tyler Technologies by 11.5% during the 1st quarter. Meeder Advisory Services Inc. now owns 572 shares of the technology company’s stock worth $243,000 after acquiring an additional 59 shares during the last quarter. Institutional investors own 93.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TYL shares. StockNews.com upgraded shares of Tyler Technologies from a “hold” rating to a “buy” rating in a report on Tuesday. Truist Financial restated a “buy” rating and issued a $685.00 price target (up previously from $600.00) on shares of Tyler Technologies in a research note on Friday, October 25th. The Goldman Sachs Group reiterated a “buy” rating and set a $627.00 price objective on shares of Tyler Technologies in a research note on Friday, September 13th. Oppenheimer increased their target price on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, Robert W. Baird lifted their price target on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Tyler Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $642.62.

About Tyler Technologies

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.