Tyler Technologies, Inc. (NYSE:TYL) CEO H Lynn Moore, Jr. Sells 6,514 Shares of Stock

Tyler Technologies, Inc. (NYSE:TYL) CEO H Lynn Moore, Jr. sold 6,514 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total value of $4,022,981.26. Following the completion of the sale, the chief executive officer now owns 75,734 shares of the company’s stock, valued at approximately $46,772,561.06. This trade represents a 7.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Tyler Technologies Price Performance

Shares of TYL opened at $607.66 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year high of $661.31. The stock has a market cap of $26.14 billion, a P/E ratio of 100.27, a price-to-earnings-growth ratio of 4.93 and a beta of 0.78. The stock’s 50-day moving average price is $598.40 and its two-hundred day moving average price is $597.41.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. On average, equities analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Hedge Funds Weigh In On Tyler Technologies

Several institutional investors have recently modified their holdings of TYL. Norges Bank bought a new position in shares of Tyler Technologies during the 4th quarter valued at about $528,465,000. Van ECK Associates Corp lifted its holdings in shares of Tyler Technologies by 1,991.8% during the 4th quarter. Van ECK Associates Corp now owns 550,580 shares of the technology company’s stock valued at $317,486,000 after purchasing an additional 524,259 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Tyler Technologies during the 4th quarter valued at about $159,947,000. JPMorgan Chase & Co. lifted its holdings in shares of Tyler Technologies by 148.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company’s stock valued at $269,369,000 after purchasing an additional 275,511 shares in the last quarter. Finally, Seilern Investment Management Ltd bought a new position in shares of Tyler Technologies during the 4th quarter valued at about $105,549,000. Institutional investors own 93.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on TYL shares. StockNews.com lowered Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Monday, February 24th. Barclays lifted their price objective on Tyler Technologies from $705.00 to $715.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Needham & Company LLC reiterated a “buy” rating and issued a $700.00 price objective on shares of Tyler Technologies in a research report on Tuesday, January 21st. Wells Fargo & Company reiterated an “equal weight” rating and issued a $615.00 price objective (down from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. Finally, Truist Financial reiterated a “buy” rating and issued a $775.00 price objective (up from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $676.25.

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.