Tyler Technologies, Inc. (NYSE:TYL) CFO Brian K. Miller Sells 2,671 Shares

Tyler Technologies, Inc. (NYSE:TYL) CFO Brian K. Miller sold 2,671 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $465.03, for a total value of $1,242,095.13. Following the transaction, the chief financial officer now directly owns 13,536 shares of the company’s stock, valued at $6,294,646.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Tyler Technologies Stock Up 1.1 %

TYL stock opened at $481.38 on Wednesday. The firm’s 50-day moving average is $427.32 and its two-hundred day moving average is $419.98. The company has a market capitalization of $20.44 billion, a price-to-earnings ratio of 108.91, a price-to-earnings-growth ratio of 4.38 and a beta of 0.76. Tyler Technologies, Inc. has a 52 week low of $361.16 and a 52 week high of $483.83. 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 (NYSE:TYL) last posted its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $480.94 million for the quarter, compared to analyst estimates of $483.34 million. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. On average, analysts forecast that Tyler Technologies, Inc. will post 7.14 earnings per share for the current fiscal year.

Institutional Trading of Tyler Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of TYL. Norges Bank bought a new position in Tyler Technologies during the fourth quarter valued at about $459,691,000. Morgan Stanley boosted its position in shares of Tyler Technologies by 21.1% during the 3rd quarter. Morgan Stanley now owns 1,015,713 shares of the technology company’s stock valued at $392,208,000 after purchasing an additional 177,242 shares in the last quarter. APG Asset Management US Inc. bought a new position in shares of Tyler Technologies during the 4th quarter valued at about $57,493,000. Van ECK Associates Corp raised its holdings in shares of Tyler Technologies by 13.1% in the 4th quarter. Van ECK Associates Corp now owns 868,016 shares of the technology company’s stock worth $362,935,000 after purchasing an additional 100,788 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Tyler Technologies by 6.7% in the 4th quarter. Franklin Resources Inc. now owns 1,040,341 shares of the technology company’s stock worth $434,987,000 after purchasing an additional 64,889 shares in the last quarter. Institutional investors own 93.30% of the company’s stock.

Analyst Upgrades and Downgrades

TYL has been the subject of a number of recent research reports. Oppenheimer upped their price objective on Tyler Technologies from $480.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $500.00 price objective on shares of Tyler Technologies in a report on Thursday, April 25th. JPMorgan Chase & Co. boosted their target price on shares of Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. DA Davidson raised their price target on shares of Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $490.00 price target on shares of Tyler Technologies in a report on Friday, April 26th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Tyler Technologies has a consensus rating of “Moderate Buy” and a consensus price target 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.