Insider Selling: Tyler Technologies, Inc. (NYSE:TYL) Director Sells 520 Shares of Stock

Tyler Technologies, Inc. (NYSE:TYL - Get Free Report) Director Daniel M. Pope sold 520 shares of Tyler Technologies stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $491.18, for a total value of $255,413.60. Following the sale, the director now directly owns 3,493 shares in the company, valued at $1,715,691.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Tyler Technologies Stock Down 0.2 %

Shares of NYSE TYL traded down $1.17 during midday trading on Thursday, hitting $487.97. The stock had a trading volume of 188,829 shares, compared to its average volume of 213,195. The business's 50 day moving average is $433.53 and its 200-day moving average is $424.49. Tyler Technologies, Inc. has a 52 week low of $361.16 and a 52 week high of $492.57. 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 company has a market cap of $20.72 billion, a P/E ratio of 110.40, a PEG ratio of 4.49 and a beta of 0.76.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The technology company reported $1.74 earnings per share for the quarter, topping analysts' consensus estimates of $1.48 by $0.26. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. The company had revenue of $512.36 million during the quarter, compared to analyst estimates of $507.79 million. As a group, analysts predict that Tyler Technologies, Inc. will post 7.14 EPS for the current year.

Wall Street Analysts Forecast Growth

TYL has been the topic of several research reports. Robert W. Baird lifted their price target on Tyler Technologies from $500.00 to $525.00 and gave the company an "outperform" rating in a research report on Friday, April 26th. DA Davidson boosted their target price on shares of Tyler Technologies from $412.00 to $434.00 and gave the company a "neutral" rating in a report on Thursday, February 22nd. JMP Securities reiterated a "market outperform" rating and issued a $490.00 price target on shares of Tyler Technologies in a research note on Friday, April 26th. Oppenheimer boosted their price objective on shares of Tyler Technologies from $480.00 to $500.00 and gave the stock an "outperform" rating in a research note on Friday, April 26th. Finally, Needham & Company LLC restated a "buy" rating and issued a $500.00 price objective on shares of Tyler Technologies in a report on Thursday, April 25th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $492.22.

Institutional Investors Weigh In On Tyler Technologies

Institutional investors have recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Tyler Technologies by 13.0% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 4,744 shares of the technology company's stock valued at $1,832,000 after acquiring an additional 546 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Tyler Technologies by 0.7% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 103,369 shares of the technology company's stock worth $39,915,000 after purchasing an additional 762 shares during the last quarter. CIBC Asset Management Inc grew its position in Tyler Technologies by 0.6% in the 3rd quarter. CIBC Asset Management Inc now owns 6,030 shares of the technology company's stock worth $2,328,000 after purchasing an additional 35 shares during the period. Panagora Asset Management Inc. grew its position in Tyler Technologies by 120.4% in the 3rd quarter. Panagora Asset Management Inc. now owns 9,295 shares of the technology company's stock worth $3,589,000 after purchasing an additional 5,078 shares during the period. Finally, Teacher Retirement System of Texas raised its stake in Tyler Technologies by 2.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 3,246 shares of the technology company's stock valued at $1,253,000 after buying an additional 79 shares during the last quarter. 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.

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