Tyler Technologies, Inc. (NYSE:TYL) Director Brenda A. Cline Sells 5,000 Shares

Tyler Technologies, Inc. (NYSE:TYL - Get Free Report) Director Brenda A. Cline sold 5,000 shares of the firm's stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $458.83, for a total value of $2,294,150.00. Following the sale, the director now directly owns 1,358 shares in the company, valued at approximately $623,091.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Tyler Technologies Stock Performance

Shares of NYSE TYL traded down $3.02 during midday trading on Wednesday, reaching $458.53. 266,556 shares of the stock were exchanged, compared to its average volume of 215,197. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.20. The firm has a 50-day simple moving average of $424.02 and a two-hundred day simple moving average of $416.78. Tyler Technologies, Inc. has a twelve month low of $361.16 and a twelve month high of $466.10. The firm has a market cap of $19.47 billion, a price-to-earnings ratio of 104.40, a PEG ratio of 4.34 and a beta of 0.81.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.33 by $0.06. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. The company had revenue of $480.94 million during the quarter, compared to analysts' expectations of $483.34 million. As a group, analysts anticipate that Tyler Technologies, Inc. will post 7.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TYL has been the topic of several analyst reports. JMP Securities reaffirmed a "market outperform" rating and issued a $490.00 price target on shares of Tyler Technologies in a report on Friday, April 26th. DA Davidson boosted their price target on Tyler Technologies from $412.00 to $434.00 and gave the stock a "neutral" rating in a research note on Thursday, February 22nd. Robert W. Baird increased their price objective on shares of Tyler Technologies from $500.00 to $525.00 and gave the company an "outperform" rating in a research report on Friday, April 26th. Piper Sandler reissued an "overweight" rating and set a $520.00 target price on shares of Tyler Technologies in a research report on Wednesday, April 24th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $500.00 price objective on shares of Tyler Technologies in a research note on Thursday, April 25th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, Tyler Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $480.60.

Institutional Trading of Tyler Technologies

Several institutional investors have recently bought and sold shares of TYL. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Tyler Technologies by 3.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,905 shares of the technology company's stock valued at $11,476,000 after purchasing an additional 989 shares in the last quarter. Diversify Advisory Services LLC purchased a new position in Tyler Technologies in the 1st quarter valued at about $413,000. Private Advisor Group LLC boosted its holdings in Tyler Technologies by 40.4% in the 1st quarter. Private Advisor Group LLC now owns 1,143 shares of the technology company's stock worth $486,000 after buying an additional 329 shares during the last quarter. Van ECK Associates Corp increased its stake in Tyler Technologies by 6.3% during the 1st quarter. Van ECK Associates Corp now owns 922,942 shares of the technology company's stock worth $392,259,000 after buying an additional 54,926 shares in the last quarter. Finally, HB Wealth Management LLC raised its holdings in shares of Tyler Technologies by 4.5% during the first quarter. HB Wealth Management LLC now owns 840 shares of the technology company's stock valued at $357,000 after acquiring an additional 36 shares during the last quarter. 93.30% of the stock is 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.

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