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 firm's stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $481.83, for a total transaction of $2,529,607.50. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at $36,137,250. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Tyler Technologies Trading Up 0.2 %

Tyler Technologies stock traded up $0.82 during trading hours on Thursday, hitting $481.84. The stock had a trading volume of 176,287 shares, compared to its average volume of 214,443. The stock has a market cap of $20.46 billion, a price-to-earnings ratio of 108.60, a P/E/G ratio of 4.38 and a beta of 0.76. 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 business's 50 day simple moving average is $428.17 and its 200-day simple moving average is $420.40. Tyler Technologies, Inc. has a one year low of $361.16 and a one year high of $485.40.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its earnings results on Wednesday, February 14th. The technology company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. The business had revenue of $480.94 million for the quarter, compared to the consensus estimate of $483.34 million. On average, equities analysts predict that Tyler Technologies, Inc. will post 7.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. JMP Securities reissued a "market outperform" rating and issued a $490.00 price objective on shares of Tyler Technologies in a research note on Friday, April 26th. JPMorgan Chase & Co. lifted their price target on Tyler Technologies from $500.00 to $526.00 and gave the company an "overweight" rating in a research note on Thursday, February 15th. Oppenheimer upped their price objective on Tyler Technologies from $480.00 to $500.00 and gave the stock an "outperform" rating in a research report on Friday, April 26th. Piper Sandler reaffirmed an "overweight" rating and issued a $520.00 price objective on shares of Tyler Technologies in a research note on Wednesday, April 24th. Finally, DA Davidson boosted their target price on Tyler Technologies from $412.00 to $434.00 and gave the stock a "neutral" rating in a research note on Thursday, February 22nd. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Tyler Technologies currently has an average rating of "Moderate Buy" and an average target price of $492.22.

Institutional Trading of Tyler Technologies

Several institutional investors have recently modified their holdings of TYL. International Assets Investment Management LLC lifted its holdings in Tyler Technologies by 41,712.0% in the fourth quarter. International Assets Investment Management LLC now owns 52,265 shares of the technology company's stock valued at $21,853,000 after buying an additional 52,140 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its stake in Tyler Technologies by 7.6% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,205 shares of the technology company's stock valued at $465,000 after buying an additional 85 shares during the period. Raymond James Trust N.A. boosted its holdings in shares of Tyler Technologies by 4.9% during the 4th quarter. Raymond James Trust N.A. now owns 1,515 shares of the technology company's stock worth $633,000 after buying an additional 71 shares in the last quarter. Nordea Investment Management AB grew its position in shares of Tyler Technologies by 4.6% during the 4th quarter. Nordea Investment Management AB now owns 2,600 shares of the technology company's stock worth $1,091,000 after buying an additional 115 shares during the period. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Tyler Technologies in the 4th quarter valued at $4,836,000. Institutional investors own 93.30% of the company's stock.

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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