Tyler Technologies, Inc. (NYSE:TYL) CEO H Lynn Moore, Jr. Sells 5,000 Shares

Tyler Technologies, Inc. (NYSE:TYL) CEO H Lynn Moore, Jr. sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $590.98, for a total value of $2,954,900.00. Following the sale, the chief executive officer now owns 75,000 shares of the company’s stock, valued at approximately $44,323,500. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Tyler Technologies Stock Down 0.6 %

Shares of Tyler Technologies stock opened at $583.17 on Friday. The business’s fifty day moving average price is $561.15 and its two-hundred day moving average price is $490.94. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $24.88 billion, a P/E ratio of 131.94, a PEG ratio of 5.42 and a beta of 0.78. Tyler Technologies, Inc. has a 1-year low of $361.16 and a 1-year high of $598.93.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, July 24th. The technology company reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.06. Tyler Technologies had a return on equity of 9.66% and a net margin of 10.24%. The firm had revenue of $540.98 million for the quarter, compared to the consensus estimate of $541.01 million. During the same quarter in the previous year, the business earned $1.53 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, research analysts forecast that Tyler Technologies, Inc. will post 7.21 EPS for the current year.

Wall Street Analyst Weigh In

TYL has been the subject of a number of recent analyst reports. Needham & Company LLC restated a “buy” rating and set a $600.00 price objective on shares of Tyler Technologies in a research note on Thursday, July 25th. BTIG Research raised their price objective on Tyler Technologies from $550.00 to $630.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Loop Capital raised their price objective on Tyler Technologies from $485.00 to $530.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Oppenheimer raised their price objective on Tyler Technologies from $550.00 to $625.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, Barclays lifted their target price on Tyler Technologies from $515.00 to $577.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $582.31.

Hedge Funds Weigh In On Tyler Technologies

Several hedge funds have recently modified their holdings of the company. Independence Bank of Kentucky acquired a new position in shares of Tyler Technologies in the 2nd quarter worth $25,000. Kapitalo Investimentos Ltda acquired a new position in shares of Tyler Technologies in the 4th quarter worth $26,000. Covestor Ltd grew its holdings in shares of Tyler Technologies by 153.6% in the 1st quarter. Covestor Ltd now owns 71 shares of the technology company’s stock worth $30,000 after acquiring an additional 43 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Tyler Technologies by 329.4% in the 2nd quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock worth $37,000 after acquiring an additional 56 shares during the last quarter. Finally, Lynx Investment Advisory acquired a new position in shares of Tyler Technologies in the 2nd quarter worth $38,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

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.