Insider Selling: Tyler Technologies, Inc. (NYSE:TYL) CFO Sells 2,500 Shares of Stock

Tyler Technologies, Inc. (NYSE:TYLGet Rating) CFO Brian K. Miller sold 2,500 shares of the stock in a transaction dated Friday, May 13th. The shares were sold at an average price of $358.97, for a total value of $897,425.00. Following the transaction, the chief financial officer now directly owns 28,594 shares in the company, valued at approximately $10,264,388.18. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

TYL traded down $10.38 during trading on Monday, reaching $347.98. 2,050 shares of the company’s stock were exchanged, compared to its average volume of 221,384. The company has a market capitalization of $14.43 billion, a P/E ratio of 92.36 and a beta of 0.82. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.54. The business has a 50 day moving average price of $407.39 and a 200 day moving average price of $462.88. Tyler Technologies, Inc. has a fifty-two week low of $333.39 and a fifty-two week high of $557.55.

Tyler Technologies (NYSE:TYLGet Rating) last released its quarterly earnings data on Wednesday, April 27th. The technology company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.59. Tyler Technologies had a net margin of 9.38% and a return on equity of 10.62%. During the same quarter in the prior year, the business posted $1.08 earnings per share. As a group, research analysts forecast that Tyler Technologies, Inc. will post 5.73 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Tyler Technologies by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 4,603,034 shares of the technology company’s stock worth $2,047,844,000 after purchasing an additional 66,211 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Tyler Technologies by 0.8% in the 1st quarter. BlackRock Inc. now owns 4,278,185 shares of the technology company’s stock valued at $1,903,323,000 after purchasing an additional 35,064 shares during the last quarter. State Street Corp raised its stake in shares of Tyler Technologies by 2.6% during the fourth quarter. State Street Corp now owns 1,692,988 shares of the technology company’s stock worth $910,743,000 after buying an additional 42,788 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Tyler Technologies by 3.5% in the third quarter. Franklin Resources Inc. now owns 879,816 shares of the technology company’s stock valued at $403,501,000 after buying an additional 29,685 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Tyler Technologies by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 774,761 shares of the technology company’s stock valued at $415,761,000 after acquiring an additional 22,560 shares during the last quarter. Hedge funds and other institutional investors own 90.14% of the company’s stock.

Several research firms recently issued reports on TYL. TheStreet downgraded shares of Tyler Technologies from a “b-” rating to a “c+” rating in a report on Wednesday, April 27th. Loop Capital started coverage on Tyler Technologies in a research report on Monday, April 18th. They issued a “buy” rating and a $520.00 price target on the stock. Piper Sandler cut their price objective on Tyler Technologies from $600.00 to $540.00 and set an “overweight” rating for the company in a research report on Friday, February 18th. Barclays initiated coverage on Tyler Technologies in a report on Monday, March 14th. They set an “equal weight” rating and a $445.00 price target for the company. Finally, StockNews.com began coverage on shares of Tyler Technologies in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $512.69.

About Tyler Technologies (Get Rating)

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. The company operates in three segments: Enterprise Software; Appraisal and Tax; and NIC. It offers financial management solutions, including modular fund accounting systems for government agencies or not-for-profit entities; utility billing systems for the billing and collection of metered and non-metered services; products to automate city and county functions, such as municipal courts, parking tickets, equipment and project costing, animal and business licenses, permits and inspections, code enforcement, citizen complaint tracking, ambulance billing, fleet maintenance, and cemetery records management; and student information and transportation solutions for K-12 schools.

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