Tyler Technologies, Inc. (NYSE:TYL) CFO Brian K. Miller Sells 1,044 Shares

Tyler Technologies, Inc. (NYSE:TYL - Get Free Report) CFO Brian K. Miller sold 1,044 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $587.20, for a total transaction of $613,036.80. Following the completion of the sale, the chief financial officer now owns 14,972 shares in the company, valued at $8,791,558.40. The trade was a 6.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Tyler Technologies Price Performance

NYSE TYL traded down $7.68 during trading hours on Friday, reaching $580.06. The company's stock had a trading volume of 350,724 shares, compared to its average volume of 263,962. The firm has a market capitalization of $25.01 billion, a price-to-earnings ratio of 95.72, a P/E/G ratio of 4.93 and a beta of 0.84. The company's 50-day moving average is $563.00 and its two-hundred day moving average is $585.29. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. Tyler Technologies, Inc. has a 1-year low of $458.50 and a 1-year high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The technology company reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.22. Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. The business had revenue of $562.43 million during the quarter, compared to the consensus estimate of $556.45 million. During the same period in the prior year, the company posted $2.20 EPS. The business's quarterly revenue was up 10.3% on a year-over-year basis. On average, equities analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Institutional Investors Weigh In On Tyler Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in TYL. Larson Financial Group LLC grew its position in shares of Tyler Technologies by 221.4% in the fourth quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock valued at $26,000 after purchasing an additional 31 shares during the period. Retirement Wealth Solutions LLC purchased a new position in Tyler Technologies in the 1st quarter valued at about $26,000. Mowery & Schoenfeld Wealth Management LLC boosted its holdings in Tyler Technologies by 820.0% in the 1st 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 last quarter. Sierra Ocean LLC acquired a new stake in shares of Tyler Technologies in the fourth quarter worth approximately $32,000. Finally, Brown Brothers Harriman & Co. boosted its stake in Tyler Technologies by 300.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock worth $32,000 after purchasing an additional 42 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TYL. Needham & Company LLC restated a "buy" rating and set a $750.00 target price on shares of Tyler Technologies in a research report on Tuesday, May 13th. Wall Street Zen lowered Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. The Goldman Sachs Group boosted their price objective on Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Truist Financial reaffirmed a "buy" rating and set a $775.00 target price (up from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Finally, Wells Fargo & Company reduced their price target on Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $680.50.

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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