Tyler Technologies (NYSE:TYL) Stock: Insider H Lynn Moore, Jr. Sells 10,000 Shares

Tyler Technologies, Inc. (NYSE:TYL) CEO H Lynn Moore, Jr. sold 10,000 shares of the stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $393.17, for a total transaction of $3,931,700.00. Following the completion of the transaction, the chief executive officer owned 100,392 shares of the company’s stock, valued at approximately $39,471,122.64. The trade was a 9.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Tyler Technologies Stock Up 0.9%

NYSE:TYL traded up $3.57 during mid-day trading on Tuesday, hitting $407.51. 393,907 shares of the company’s stock were exchanged, compared to its average volume of 751,663. The company has a market cap of $16.20 billion, a PE ratio of 51.26, a P/E/G ratio of 2.38 and a beta of 0.85. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 1.55. Tyler Technologies, Inc. has a one year low of $270.71 and a one year high of $481.57. The business has a fifty day moving average price of $352.96 and a 200 day moving average price of $337.30.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, October 28th. The technology company reported $3.52 EPS for the quarter, topping analysts’ consensus estimates of $3.48 by $0.04. Tyler Technologies had a return on equity of 11.64% and a net margin of 13.51%. The firm had revenue of $647.57 million for the quarter, compared to analysts’ expectations of $651.38 million. During the same period in the previous year, the firm posted $2.91 EPS. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. Equities analysts predict that Tyler Technologies, Inc. will post 10.13 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TYL shares. UBS Group set a $395.00 price objective on Tyler Technologies in a research report on Saturday, August 1st. Guggenheim assumed coverage on Tyler Technologies in a report on Wednesday, July 22nd. They issued a “buy” rating and a $440.00 target price for the company. BTIG Research boosted their price target on Tyler Technologies from $400.00 to $430.00 and gave the stock a “buy” rating in a research note on Friday. DA Davidson reiterated a “buy” rating and issued a $460.00 price objective on shares of Tyler Technologies in a report on Tuesday, October 27th. Finally, Needham & Company LLC boosted their target price on Tyler Technologies from $400.00 to $500.00 and gave the stock a “buy” rating in a research report on Tuesday, October 27th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $440.88.

Hedge Funds Weigh In On Tyler Technologies

Several institutional investors have recently made changes to their positions in TYL. BlackRock Inc. purchased a new position in shares of Tyler Technologies during the 2nd quarter worth $1,129,890,000. Bank of America Corp DE bought a new position in Tyler Technologies in the 2nd quarter worth $116,831,000. Deutsche Bank AG bought a new position in Tyler Technologies in the 2nd quarter worth $88,645,000. Principal Financial Group Inc. lifted its position in Tyler Technologies by 20.1% during the first quarter. Principal Financial Group Inc. now owns 1,745,625 shares of the technology company’s stock valued at $597,681,000 after purchasing an additional 291,564 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Tyler Technologies during the second quarter valued at $72,426,000. Institutional investors own 93.30% of the company’s stock.

About Tyler Technologies

Tyler Technologies, Inc provides integrated software and technology services to public-sector organizations. Its customers include municipalities, counties, states, courts, school districts, public safety agencies, and other government entities. The company’s solutions are designed to help public organizations manage operations, improve service delivery, and engage with residents and constituents.

Tyler’s product portfolio includes enterprise resource planning and financial management software, property tax and appraisal systems, court and justice solutions, public safety and emergency communications platforms, permitting and licensing tools, and software for schools and elections.