Brian K. Miller Sells 3,333 Shares of Tyler Technologies, Inc. (NYSE:TYL) Stock

Tyler Technologies, Inc. (NYSE:TYL - Get Free Report) CFO Brian K. Miller sold 3,333 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $568.46, for a total value of $1,894,677.18. Following the transaction, the chief financial officer now owns 11,231 shares of the company's stock, valued at approximately $6,384,374.26. This represents a 22.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Tyler Technologies Trading Up 0.9%

TYL traded up $4.86 during trading on Friday, hitting $576.54. 457,622 shares of the stock were exchanged, compared to its average volume of 262,435. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. The firm has a 50 day simple moving average of $561.41 and a 200 day simple moving average of $587.04. The firm has a market cap of $24.86 billion, a price-to-earnings ratio of 95.14, a P/E/G ratio of 4.93 and a beta of 0.88. 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 released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.78 earnings per share for the quarter, beating 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 firm had revenue of $562.43 million during the quarter, compared to the consensus estimate of $556.45 million. During the same period in the previous year, the company posted $2.20 earnings per share. The firm's quarterly revenue was up 10.3% on a year-over-year basis. As a group, equities analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Institutional Investors Weigh In On Tyler Technologies

Several large investors have recently modified their holdings of the business. Retirement Wealth Solutions LLC bought a new stake in Tyler Technologies during the 1st quarter valued at $26,000. Larson Financial Group LLC grew its stake in 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 last quarter. Mowery & Schoenfeld Wealth Management LLC raised its holdings in Tyler Technologies by 820.0% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company's stock worth $27,000 after purchasing an additional 41 shares in the last quarter. Sierra Ocean LLC bought a new stake in shares of Tyler Technologies in the 4th quarter valued at about $32,000. Finally, Brown Brothers Harriman & Co. grew its position in shares of Tyler Technologies by 300.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock worth $32,000 after buying an additional 42 shares during the last quarter. Institutional investors own 93.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TYL shares. Wall Street Zen downgraded Tyler Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Wells Fargo & Company dropped their price objective on Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. DA Davidson dropped their target price on Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Piper Sandler decreased their price objective on Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. Finally, Barclays decreased their target price on Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $687.82.

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.