H Lynn Moore, Jr. Sells 5,250 Shares of Tyler Technologies, Inc. (NYSE:TYL) Stock

Key Points

• Tyler Technologies CEO H Lynn Moore, Jr. sold 5,250 shares at an average price of $588.89, totaling $3,091,672.50, reducing his ownership by 6.03% to 81,775 shares.
• The company's recent earnings report showed a net margin of 13.66% and revenue of $584.01 million, reflecting a 10.2% increase compared to the same quarter last year.
• Institutional investors and hedge funds own 93.30% of Tyler Technologies' stock, indicating significant interest from larger financial entities.

Tyler Technologies, Inc. (NYSE:TYL - Get Free Report) CEO H Lynn Moore, Jr. sold 5,250 shares of the company's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $588.89, for a total transaction of $3,091,672.50. Following the completion of the sale, the chief executive officer directly owned 81,775 shares of the company's stock, valued at $48,156,479.75. The trade was a 6.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Tyler Technologies Stock Performance

TYL traded up $11.63 on Wednesday, hitting $575.57. 146,382 shares of the company were exchanged, compared to its average volume of 293,496. The business's fifty day moving average is $577.11 and its 200 day moving average is $579.10. Tyler Technologies, Inc. has a fifty-two week low of $513.52 and a fifty-two week high of $661.31. The firm has a market capitalization of $24.90 billion, a P/E ratio of 82.07, a price-to-earnings-growth ratio of 4.49 and a beta of 0.85.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its earnings results on Wednesday, July 30th. The technology company reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.13. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. The company had revenue of $584.01 million for the quarter, compared to analyst estimates of $587.59 million. During the same period in the prior year, the business posted $2.40 earnings per share. The firm's revenue for the quarter was up 10.2% compared to the same quarter last year. Analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Hedge Funds Weigh In On Tyler Technologies

A number of hedge funds have recently made changes to their positions in TYL. Cerity Partners LLC raised its stake in shares of Tyler Technologies by 13.1% in the 4th quarter. Cerity Partners LLC now owns 4,350 shares of the technology company's stock valued at $2,528,000 after acquiring an additional 503 shares during the period. Advisory Services Network LLC purchased a new position in shares of Tyler Technologies in the 4th quarter valued at $338,000. Sterling Capital Management LLC raised its stake in shares of Tyler Technologies by 7.0% in the 4th quarter. Sterling Capital Management LLC now owns 962 shares of the technology company's stock valued at $555,000 after acquiring an additional 63 shares during the period. Synovus Financial Corp raised its stake in shares of Tyler Technologies by 2.0% in the 4th quarter. Synovus Financial Corp now owns 6,192 shares of the technology company's stock valued at $3,571,000 after acquiring an additional 121 shares during the period. Finally, XTX Topco Ltd increased its stake in Tyler Technologies by 50.9% during the 4th quarter. XTX Topco Ltd now owns 1,059 shares of the technology company's stock worth $611,000 after buying an additional 357 shares during the period. Institutional investors and hedge funds own 93.30% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TYL. DA Davidson set a $585.00 price target on shares of Tyler Technologies and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Wells Fargo & Company cut their price target on shares of Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Wall Street Zen cut shares of Tyler Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Needham & Company LLC reissued a "buy" rating and set a $750.00 price target on shares of Tyler Technologies in a report on Tuesday, May 13th. Finally, Barclays increased their price target on shares of Tyler Technologies from $695.00 to $715.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $688.27.

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.

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