Tyler Technologies, Inc. (NYSE:TYL - Get Free Report) CFO Brian K. Miller sold 2,671 shares of Tyler Technologies stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $465.03, for a total value of $1,242,095.13. Following the completion of the transaction, the chief financial officer now owns 13,536 shares of the company's stock, valued at $6,294,646.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Tyler Technologies Price Performance
TYL stock traded up $5.36 on Tuesday, hitting $481.38. 279,832 shares of the company's stock traded hands, compared to its average volume of 215,088. The stock has a market cap of $20.44 billion, a price-to-earnings ratio of 108.91, a P/E/G ratio of 4.38 and a beta of 0.76. Tyler Technologies, Inc. has a 1-year low of $361.16 and a 1-year high of $483.83. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average of $427.32 and a 200-day moving average of $419.98.
Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.06. The company had revenue of $480.94 million during the quarter, compared to the consensus estimate of $483.34 million. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. On average, analysts forecast that Tyler Technologies, Inc. will post 7.14 EPS for the current fiscal year.
Hedge Funds Weigh In On Tyler Technologies
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new position in Tyler Technologies during the fourth quarter valued at $459,691,000. Morgan Stanley grew its position in Tyler Technologies by 21.1% during the third quarter. Morgan Stanley now owns 1,015,713 shares of the technology company's stock valued at $392,208,000 after purchasing an additional 177,242 shares in the last quarter. APG Asset Management US Inc. acquired a new position in Tyler Technologies in the 4th quarter valued at approximately $57,493,000. Van ECK Associates Corp lifted its position in Tyler Technologies by 13.1% in the 4th quarter. Van ECK Associates Corp now owns 868,016 shares of the technology company's stock worth $362,935,000 after buying an additional 100,788 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Tyler Technologies by 6.7% during the 4th quarter. Franklin Resources Inc. now owns 1,040,341 shares of the technology company's stock valued at $434,987,000 after acquiring an additional 64,889 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company's stock.
Analysts Set New Price Targets
A number of analysts recently weighed in on the stock. Oppenheimer increased their price objective on shares of Tyler Technologies from $480.00 to $500.00 and gave the stock an "outperform" rating in a report on Friday, April 26th. JPMorgan Chase & Co. increased their price objective on Tyler Technologies from $500.00 to $526.00 and gave the stock an "overweight" rating in a report on Thursday, February 15th. JMP Securities reaffirmed a "market outperform" rating and set a $490.00 target price on shares of Tyler Technologies in a research note on Friday, April 26th. Piper Sandler reissued an "overweight" rating and issued a $520.00 price target on shares of Tyler Technologies in a research note on Wednesday, April 24th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $500.00 price objective on shares of Tyler Technologies in a report on Thursday, April 25th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Tyler Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $492.22.
Read Our Latest Report on Tyler Technologies
Tyler Technologies Company Profile
(
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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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