Tyler Technologies, Inc. (NYSE:TYL) CFO Sells $1,561,025.00 in Stock

Tyler Technologies, Inc. (NYSE:TYL) CFO Brian K. Miller sold 2,500 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $624.41, for a total value of $1,561,025.00. Following the transaction, the chief financial officer now directly owns 11,950 shares in the company, valued at $7,461,699.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Tyler Technologies Stock Up 1.0 %

Shares of Tyler Technologies stock traded up $5.89 during trading hours on Tuesday, reaching $619.12. 234,549 shares of the company’s stock were exchanged, compared to its average volume of 229,646. Tyler Technologies, Inc. has a fifty-two week low of $397.80 and a fifty-two week high of $631.43. The stock has a market cap of $26.50 billion, a P/E ratio of 111.88, a P/E/G ratio of 5.62 and a beta of 0.77. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average of $591.43 and a two-hundred day moving average of $543.44.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.09. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The firm had revenue of $543.34 million for the quarter, compared to analyst estimates of $547.34 million. During the same period in the prior year, the firm posted $1.66 earnings per share. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, sell-side analysts forecast that Tyler Technologies, Inc. will post 7.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TYL has been the subject of a number of recent research reports. The Goldman Sachs Group reissued a “buy” rating and set a $627.00 price target on shares of Tyler Technologies in a research note on Friday, September 13th. Evercore ISI upgraded shares of Tyler Technologies to a “hold” rating in a research report on Friday, July 26th. BTIG Research upped their target price on shares of Tyler Technologies from $550.00 to $630.00 and gave the company a “buy” rating in a research note on Friday, July 26th. StockNews.com raised shares of Tyler Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Truist Financial restated a “buy” rating and issued a $685.00 price objective (up previously from $600.00) on shares of Tyler Technologies in a research report on Friday, October 25th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Tyler Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $642.62.

Institutional Investors Weigh In On Tyler Technologies

Hedge funds have recently bought and sold shares of the stock. Cerity Partners LLC lifted its stake in Tyler Technologies by 60.6% during the third quarter. Cerity Partners LLC now owns 3,847 shares of the technology company’s stock worth $2,246,000 after purchasing an additional 1,451 shares during the last quarter. Nicolet Advisory Services LLC lifted its position in shares of Tyler Technologies by 5.4% in the 3rd quarter. Nicolet Advisory Services LLC now owns 1,690 shares of the technology company’s stock worth $983,000 after purchasing an additional 87 shares during the period. Meridian Wealth Management LLC acquired a new stake in Tyler Technologies during the 3rd quarter worth about $442,000. Icon Wealth Advisors LLC lifted its stake in Tyler Technologies by 151.1% in the third quarter. Icon Wealth Advisors LLC now owns 3,799 shares of the technology company’s stock valued at $2,218,000 after buying an additional 2,286 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Tyler Technologies by 4.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 904,175 shares of the technology company’s stock valued at $527,785,000 after buying an additional 36,066 shares during the period. 93.30% of the stock is currently owned by institutional investors and hedge funds.

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.