Tyler Technologies, Inc. (NYSE:TYL) Insider John S. Marr, Jr. Sells 5,000 Shares of Stock

Tyler Technologies, Inc. (NYSE:TYL) insider John S. Marr, Jr. sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $578.94, for a total value of $2,894,700.00. Following the transaction, the insider now owns 6,983 shares in the company, valued at $4,042,738.02. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Tyler Technologies Trading Down 1.5 %

TYL opened at $572.68 on Friday. The stock has a market cap of $24.44 billion, a PE ratio of 129.57, a PEG ratio of 5.40 and a beta of 0.76. The business has a 50 day moving average of $534.52 and a 200-day moving average of $476.24. Tyler Technologies, Inc. has a 52 week low of $361.16 and a 52 week high of $593.50. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.19.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.40 EPS for the quarter, topping the consensus estimate of $2.34 by $0.06. Tyler Technologies had a net margin of 10.24% and a return on equity of 9.66%. The business had revenue of $540.98 million for the quarter, compared to analyst estimates of $541.01 million. During the same quarter in the previous year, the firm posted $1.53 earnings per share. Tyler Technologies’s quarterly revenue was up 7.3% on a year-over-year basis. Equities research analysts predict that Tyler Technologies, Inc. will post 7.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tyler Technologies

Institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC boosted its stake in Tyler Technologies by 41,712.0% in the 4th quarter. International Assets Investment Management LLC now owns 52,265 shares of the technology company’s stock worth $21,853,000 after purchasing an additional 52,140 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of Tyler Technologies by 52.6% during the fourth quarter. Cerity Partners LLC now owns 926 shares of the technology company’s stock valued at $387,000 after purchasing an additional 319 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of Tyler Technologies during the fourth quarter valued at $1,045,000. Mackenzie Financial Corp raised its position in Tyler Technologies by 7.1% in the 4th quarter. Mackenzie Financial Corp now owns 2,619 shares of the technology company’s stock worth $1,095,000 after buying an additional 173 shares during the last quarter. Finally, abrdn plc raised its holdings in shares of Tyler Technologies by 79.3% during the fourth quarter. abrdn plc now owns 19,749 shares of the technology company’s stock valued at $8,257,000 after purchasing an additional 8,735 shares during the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TYL shares. Oppenheimer raised their target price on shares of Tyler Technologies from $550.00 to $625.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Robert W. Baird boosted their price objective on shares of Tyler Technologies from $500.00 to $525.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Wells Fargo & Company increased their target price on shares of Tyler Technologies from $580.00 to $600.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. DA Davidson raised their target price on Tyler Technologies from $456.00 to $525.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Finally, Loop Capital upped their price target on Tyler Technologies from $485.00 to $530.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Tyler Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $582.31.

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.