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 the company’s stock in a transaction dated 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 transaction, the director now owns 1,358 shares in the company, valued at approximately $623,091.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Tyler Technologies Trading Down 0.7 %

Tyler Technologies stock opened at $458.53 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.20. Tyler Technologies, Inc. has a 12 month low of $361.16 and a 12 month high of $466.10. The stock’s 50 day simple moving average is $424.53 and its two-hundred day simple moving average is $417.07. The firm has a market cap of $19.47 billion, a PE ratio of 103.74, a P/E/G ratio of 4.31 and a beta of 0.76.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. The business had revenue of $480.94 million for the quarter, compared to analyst estimates of $483.34 million. Analysts anticipate that Tyler Technologies, Inc. will post 7.14 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Tyler Technologies by 7.6% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,205 shares of the technology company’s stock valued at $465,000 after buying an additional 85 shares in the last quarter. Raymond James Trust N.A. lifted its position in shares of Tyler Technologies by 4.9% during the 4th quarter. Raymond James Trust N.A. now owns 1,515 shares of the technology company’s stock valued at $633,000 after buying an additional 71 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Tyler Technologies by 4.6% during the 4th quarter. Nordea Investment Management AB now owns 2,600 shares of the technology company’s stock valued at $1,091,000 after buying an additional 115 shares in the last quarter. DNB Asset Management AS purchased a new position in shares of Tyler Technologies during the 4th quarter valued at approximately $5,040,000. Finally, NBW Capital LLC lifted its position in shares of Tyler Technologies by 50.7% during the 4th quarter. NBW Capital LLC now owns 13,345 shares of the technology company’s stock valued at $5,580,000 after buying an additional 4,489 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on TYL. Robert W. Baird upped their price objective on shares of Tyler Technologies from $500.00 to $525.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Oppenheimer increased their price target 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. DA Davidson increased their price target on shares of Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a report on Thursday, February 22nd. JMP Securities reiterated a “market outperform” rating and issued a $490.00 price target on shares of Tyler Technologies in a report on Friday, April 26th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $500.00 price target on shares of Tyler Technologies in a report on Thursday, April 25th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $492.22.

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.