Tyler Technologies, Inc. (NYSE:TYL) CFO Brian K. Miller Sells 1,033 Shares

Tyler Technologies, Inc. (NYSE:TYL) CFO Brian K. Miller sold 1,033 shares of the business’s stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $557.45, for a total transaction of $575,845.85. Following the sale, the chief financial officer now owns 13,028 shares in the company, valued at $7,262,458.60. The trade was a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Tyler Technologies Trading Down 0.5 %

Shares of TYL stock opened at $560.06 on Friday. The company has a market capitalization of $24.15 billion, a price-to-earnings ratio of 92.42, a PEG ratio of 4.93 and a beta of 0.88. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average price of $563.43 and a 200 day moving average price of $590.90. Tyler Technologies, Inc. has a twelve month low of $458.50 and a twelve month high of $661.31.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $2.56 by $0.22. Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. The business had revenue of $562.43 million during the quarter, compared to analyst estimates of $556.45 million. During the same quarter in the previous year, the business posted $2.20 earnings per share. The company’s revenue was up 10.3% on a year-over-year basis. Research analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Retirement Wealth Solutions LLC purchased a new position in Tyler Technologies during the first quarter worth about $26,000. Larson Financial Group LLC increased its stake in shares of Tyler Technologies by 221.4% during the 4th quarter. Larson Financial Group LLC now owns 45 shares of the technology company’s stock valued at $26,000 after acquiring an additional 31 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC lifted its holdings in shares of Tyler Technologies by 820.0% during the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company’s stock worth $27,000 after acquiring an additional 41 shares during the period. Sierra Ocean LLC purchased a new position in shares of Tyler Technologies during the 4th quarter worth about $32,000. Finally, Brown Brothers Harriman & Co. boosted its position in shares of Tyler Technologies by 300.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company’s stock worth $32,000 after acquiring an additional 42 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Wall Street Analysts Forecast Growth

TYL has been the topic of a number of research analyst reports. Needham & Company LLC reissued a “buy” rating and set a $750.00 price objective on shares of Tyler Technologies in a report on Thursday, April 24th. DA Davidson reduced their price target on shares of Tyler Technologies from $595.00 to $570.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. Truist Financial reaffirmed a “buy” rating and issued a $775.00 price objective (up from $685.00) on shares of Tyler Technologies in a research note on Friday, February 14th. Piper Sandler reduced their price objective on Tyler Technologies from $747.00 to $708.00 and set an “overweight” rating for the company in a report on Friday, April 25th. Finally, Barclays lowered their target price on Tyler Technologies from $700.00 to $695.00 and set an “overweight” rating on the stock in a report on Friday, April 25th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Tyler Technologies has an average rating of “Moderate Buy” and an average price target of $674.67.

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.