Insider Selling: Tyler Technologies, Inc. (NYSE:TYL) CEO Sells 5,250 Shares of Stock

Tyler Technologies, Inc. (NYSE:TYL - Get Free Report) CEO H Lynn Moore, Jr. sold 5,250 shares of the stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $585.18, for a total value of $3,072,195.00. Following the sale, the chief executive officer now directly owns 81,775 shares of the company's stock, valued at approximately $47,853,094.50. The trade was a 6.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Tyler Technologies Price Performance

NYSE TYL traded down $7.68 during trading hours on Friday, hitting $580.06. The company had a trading volume of 350,724 shares, compared to its average volume of 264,500. Tyler Technologies, Inc. has a 52 week low of $458.50 and a 52 week high of $661.31. The firm has a 50 day simple moving average of $564.19 and a 200 day simple moving average of $584.27. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. The firm has a market capitalization of $25.01 billion, a price-to-earnings ratio of 95.72, a PEG ratio of 4.93 and a beta of 0.84.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $2.78 EPS for the quarter, topping the consensus estimate of $2.56 by $0.22. Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. The business had revenue of $562.43 million during the quarter, compared to the consensus estimate of $556.45 million. During the same quarter last year, the company earned $2.20 EPS. The firm's revenue was up 10.3% compared to the same quarter last year. Equities research analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Analysts Set New Price Targets

TYL has been the subject of several recent analyst reports. DA Davidson cut their price objective on Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Needham & Company LLC reissued a "buy" rating and issued a $750.00 price objective on shares of Tyler Technologies in a report on Tuesday, May 13th. Cantor Fitzgerald assumed coverage on Tyler Technologies in a report on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 price objective for the company. Robert W. Baird cut their price target on Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Finally, The Goldman Sachs Group raised their price target on Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $680.50.

Hedge Funds Weigh In On Tyler Technologies

Large investors have recently bought and sold shares of the stock. Larson Financial Group LLC grew its position in shares of Tyler Technologies by 221.4% in the 4th quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock worth $26,000 after buying an additional 31 shares during the last quarter. Retirement Wealth Solutions LLC bought a new stake in shares of Tyler Technologies in the 1st quarter worth approximately $26,000. Mowery & Schoenfeld Wealth Management LLC grew its position in shares of Tyler Technologies by 820.0% in the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company's stock worth $27,000 after buying an additional 41 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of Tyler Technologies in the 4th quarter worth approximately $32,000. Finally, Brown Brothers Harriman & Co. grew its position in shares of Tyler Technologies by 300.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock worth $32,000 after buying an additional 42 shares during the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

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.