Tyler Technologies, Inc. (NYSE:TYL) CFO Sells $4,144,040.00 in Stock

Tyler Technologies, Inc. (NYSE:TYL) CFO Brian K. Miller sold 6,752 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $613.75, for a total transaction of $4,144,040.00. Following the completion of the sale, the chief financial officer now directly owns 11,918 shares in the company, valued at $7,314,672.50. This trade represents a 36.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Tyler Technologies Price Performance

TYL opened at $593.60 on Friday. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year high of $638.56. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. The company’s 50 day simple moving average is $609.82 and its 200 day simple moving average is $568.95. The stock has a market capitalization of $25.41 billion, a PE ratio of 108.32, a P/E/G ratio of 5.54 and a beta of 0.76.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.09. The company had revenue of $543.34 million during the quarter, compared to analysts’ expectations of $547.34 million. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.66 EPS. As a group, sell-side analysts expect that Tyler Technologies, Inc. will post 7.36 EPS for the current year.

Institutional Investors Weigh In On Tyler Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its stake in shares of Tyler Technologies by 252,047.5% in the 3rd quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company’s stock valued at $179,564,000 after purchasing an additional 307,498 shares in the last quarter. FMR LLC lifted its position in Tyler Technologies by 94.1% during the third quarter. FMR LLC now owns 109,319 shares of the technology company’s stock valued at $63,812,000 after buying an additional 52,984 shares in the last quarter. Westwind Capital lifted its position in Tyler Technologies by 7,614.0% during the third quarter. Westwind Capital now owns 46,361 shares of the technology company’s stock valued at $27,062,000 after buying an additional 45,760 shares in the last quarter. LMR Partners LLP purchased a new stake in Tyler Technologies during the third quarter worth approximately $23,383,000. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Tyler Technologies by 626.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 42,450 shares of the technology company’s stock worth $24,779,000 after acquiring an additional 36,605 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TYL has been the topic of a number of recent research reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $627.00 target price on shares of Tyler Technologies in a research note on Friday, September 13th. Robert W. Baird upped their price objective on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. DA Davidson lifted their price objective on Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Barclays upped their target price on shares of Tyler Technologies from $700.00 to $705.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, Needham & Company LLC lifted their price target on shares of Tyler Technologies from $600.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $642.62.

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.