Tyler Technologies, Inc. (NYSE:TYL) Insider John S. Marr, Jr. Sells 4,000 Shares

Tyler Technologies, Inc. (NYSE:TYL - Get Free Report) insider John S. Marr, Jr. sold 4,000 shares of Tyler Technologies stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $568.66, for a total transaction of $2,274,640.00. Following the completion of the sale, the insider now owns 6,983 shares in the company, valued at approximately $3,970,952.78. This trade represents a 36.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Tyler Technologies Price Performance

Shares of TYL stock traded up $4.86 on Friday, reaching $576.54. The company's stock had a trading volume of 457,622 shares, compared to its average volume of 262,287. The stock's fifty day simple moving average is $561.41 and its 200-day simple moving average is $586.83. Tyler Technologies, Inc. has a 1 year low of $458.50 and a 1 year high of $661.31. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $24.86 billion, a price-to-earnings ratio of 95.14, a price-to-earnings-growth ratio of 4.93 and a beta of 0.88.

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. DA Davidson dropped their target price on shares of Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. 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 restated a "buy" rating and set a $750.00 target price on shares of Tyler Technologies in a report on Tuesday, May 13th. Wells Fargo & Company dropped their target price on shares of Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Finally, The Goldman Sachs Group boosted their target price on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Tyler Technologies currently has an average rating of "Moderate Buy" and an average price target of $687.82.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Retirement Wealth Solutions LLC purchased a new position in shares of Tyler Technologies in the first quarter valued at $26,000. Larson Financial Group LLC boosted its stake in Tyler Technologies by 221.4% during the fourth 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 period. Mowery & Schoenfeld Wealth Management LLC boosted its stake in Tyler Technologies by 820.0% during the first 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 period. Sierra Ocean LLC purchased a new position in Tyler Technologies during the fourth quarter worth $32,000. Finally, Brown Brothers Harriman & Co. boosted its stake in Tyler Technologies by 300.0% during the fourth 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 period. 93.30% of the stock is owned by hedge funds and other 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.