Tyler Technologies, Inc. (NYSE:TYL) Director Sells $255,413.60 in Stock

Tyler Technologies, Inc. (NYSE:TYLGet Free Report) Director Daniel M. Pope sold 520 shares of Tyler Technologies stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $491.18, for a total transaction of $255,413.60. Following the transaction, the director now owns 3,493 shares in the company, valued at approximately $1,715,691.74. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Tyler Technologies Price Performance

TYL opened at $489.14 on Friday. The company has a market capitalization of $20.77 billion, a P/E ratio of 110.67, a PEG ratio of 4.57 and a beta of 0.76. Tyler Technologies, Inc. has a 1-year low of $361.16 and a 1-year high of $492.57. The company has a 50-day moving average of $436.22 and a 200-day moving average of $426.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.94 and a current ratio of 0.94.

Tyler Technologies (NYSE:TYLGet Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The technology company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.26. The firm had revenue of $512.36 million for the quarter, compared to analysts’ expectations of $507.79 million. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. Equities analysts expect that Tyler Technologies, Inc. will post 7.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on TYL shares. DA Davidson upped their target price on Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a research report on Thursday, February 22nd. Piper Sandler restated an “overweight” rating and issued a $520.00 price target on shares of Tyler Technologies in a report on Wednesday, April 24th. JMP Securities reissued a “market outperform” rating and set a $490.00 target price on shares of Tyler Technologies in a research report on Friday, April 26th. Robert W. Baird raised their price target 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. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $500.00 price objective 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $492.22.

View Our Latest Research Report on TYL

Institutional Trading of Tyler Technologies

Several institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. raised its stake in 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 worth $1,832,000 after acquiring an additional 546 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Tyler Technologies by 0.7% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 103,369 shares of the technology company’s stock worth $39,915,000 after purchasing an additional 762 shares during the last quarter. CIBC Asset Management Inc boosted its position in Tyler Technologies by 0.6% during the 3rd quarter. CIBC Asset Management Inc now owns 6,030 shares of the technology company’s stock valued at $2,328,000 after purchasing an additional 35 shares during the period. Panagora Asset Management Inc. grew its stake in Tyler Technologies by 120.4% during the 3rd quarter. Panagora Asset Management Inc. now owns 9,295 shares of the technology company’s stock worth $3,589,000 after buying an additional 5,078 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its position in Tyler Technologies by 2.5% in the third quarter. Teacher Retirement System of Texas now owns 3,246 shares of the technology company’s stock worth $1,253,000 after buying an additional 79 shares during the period. Institutional investors own 93.30% of the company’s stock.

About Tyler Technologies

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Tyler Technologies (NYSE:TYL)

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