Tyler Technologies, Inc. (NYSE:TYL) CEO H Lynn Moore, Jr. Sells 5,000 Shares

Tyler Technologies, Inc. (NYSE:TYL) CEO H Lynn Moore, Jr. sold 5,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $576.62, for a total value of $2,883,100.00. Following the sale, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $43,246,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Tyler Technologies Stock Up 0.2 %

TYL traded up $0.91 on Monday, reaching $582.87. The company’s stock had a trading volume of 135,332 shares, compared to its average volume of 220,661. The stock has a market cap of $24.87 billion, a price-to-earnings ratio of 131.67, a price-to-earnings-growth ratio of 5.39 and a beta of 0.78. Tyler Technologies, Inc. has a 1 year low of $361.16 and a 1 year high of $598.93. 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 business’s 50 day moving average is $564.01 and its 200 day moving average is $493.33.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.06. The firm had revenue of $540.98 million during the quarter, compared to the consensus estimate of $541.01 million. Tyler Technologies had a return on equity of 9.66% and a net margin of 10.24%. Tyler Technologies’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 earnings per share. As a group, research analysts forecast that Tyler Technologies, Inc. will post 7.21 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Needham & Company LLC reissued a “buy” rating and set a $600.00 price target on shares of Tyler Technologies in a research report on Thursday, July 25th. Piper Sandler boosted their price target on Tyler Technologies from $529.00 to $625.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Barclays boosted their price target on Tyler Technologies from $515.00 to $577.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. Loop Capital upped their target price on Tyler Technologies from $485.00 to $530.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Finally, BTIG Research upped their target price on Tyler Technologies from $550.00 to $630.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $582.31.

Institutional Trading of Tyler Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC raised its stake in Tyler Technologies by 119.2% during the first quarter. Commonwealth Equity Services LLC now owns 6,517 shares of the technology company’s stock valued at $2,770,000 after buying an additional 3,544 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Tyler Technologies by 39.4% during the 1st quarter. Bessemer Group Inc. now owns 6,840 shares of the technology company’s stock worth $2,906,000 after purchasing an additional 1,935 shares during the period. Rafferty Asset Management LLC raised its position in shares of Tyler Technologies by 26.8% during the 4th quarter. Rafferty Asset Management LLC now owns 13,972 shares of the technology company’s stock worth $5,842,000 after purchasing an additional 2,951 shares during the period. APG Asset Management US Inc. acquired a new stake in shares of Tyler Technologies during the 4th quarter worth approximately $57,493,000. Finally, State Board of Administration of Florida Retirement System raised its position in shares of Tyler Technologies by 7.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 46,724 shares of the technology company’s stock worth $19,858,000 after purchasing an additional 3,198 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

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.