Tyler Technologies, Inc. (NYSE:TYL) Insider John S. Marr, Jr. Sells 12,000 Shares of Stock

Tyler Technologies, Inc. (NYSE:TYL) insider John S. Marr, Jr. sold 12,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the transaction, the insider now directly owns 6,983 shares in the company, valued at $4,285,187.78. The trade was a 63.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Tyler Technologies Stock Performance

NYSE TYL opened at $635.22 on Wednesday. The firm has a market cap of $27.19 billion, a P/E ratio of 115.92, a price-to-earnings-growth ratio of 5.65 and a beta of 0.77. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18. The company’s 50 day moving average is $595.99 and its 200-day moving average is $553.15. Tyler Technologies, Inc. has a 12-month low of $397.80 and a 12-month high of $635.40.

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

Analyst Upgrades and Downgrades

TYL has been the topic of several recent analyst reports. DA Davidson lifted their target price on shares of Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Piper Sandler boosted their price objective on Tyler Technologies from $625.00 to $701.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. StockNews.com lowered Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Needham & Company LLC boosted 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. Finally, The Goldman Sachs Group restated a “buy” rating and set a $627.00 price target on shares of Tyler Technologies in a research report on Friday, September 13th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $642.62.

Institutional Trading of Tyler Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. 1832 Asset Management L.P. increased its position in shares of Tyler Technologies by 9.3% during the first quarter. 1832 Asset Management L.P. now owns 2,053 shares of the technology company’s stock valued at $873,000 after buying an additional 174 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Tyler Technologies by 18.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 424,982 shares of the technology company’s stock worth $180,622,000 after purchasing an additional 65,814 shares in the last quarter. Industrial Alliance Investment Management Inc. lifted its stake in Tyler Technologies by 4.4% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 693 shares of the technology company’s stock worth $295,000 after purchasing an additional 29 shares in the last quarter. Redwood Investment Management LLC boosted its holdings in Tyler Technologies by 5.3% in the 1st quarter. Redwood Investment Management LLC now owns 1,308 shares of the technology company’s stock valued at $556,000 after purchasing an additional 66 shares during the period. Finally, Tidal Investments LLC grew its position in shares of Tyler Technologies by 64.8% during the 1st quarter. Tidal Investments LLC now owns 2,953 shares of the technology company’s stock valued at $1,253,000 after purchasing an additional 1,161 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors.

About Tyler Technologies

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.