Brian K. Miller Sells 2,500 Shares of Tyler Technologies, Inc. (NYSE:TYL) Stock

Tyler Technologies, Inc. (NYSE:TYL) CFO Brian K. Miller sold 2,500 shares of Tyler Technologies stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $624.41, for a total value of $1,561,025.00. Following the completion of the sale, the chief financial officer now directly owns 11,950 shares of the company’s stock, valued at approximately $7,461,699.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Tyler Technologies Price Performance

NYSE TYL traded up $5.89 on Tuesday, reaching $619.12. 234,549 shares of the company’s stock traded hands, compared to its average volume of 229,646. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $631.43. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a 50-day simple moving average of $591.43 and a 200 day simple moving average of $543.44. The stock has a market cap of $26.50 billion, a PE ratio of 111.88, a P/E/G ratio of 5.62 and a beta of 0.77.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.09. The firm had revenue of $543.34 million for the quarter, compared to analyst estimates of $547.34 million. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.66 EPS. As a group, research analysts predict that Tyler Technologies, Inc. will post 7.39 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TYL shares. Needham & Company LLC lifted their target price on Tyler Technologies from $600.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $627.00 price objective on shares of Tyler Technologies in a research note on Friday, September 13th. Robert W. Baird raised their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, October 25th. DA Davidson boosted their price target on shares of Tyler Technologies from $525.00 to $550.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, StockNews.com upgraded Tyler Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, Tyler Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $642.62.

Institutional Trading of Tyler Technologies

Several institutional investors have recently bought and sold shares of TYL. Private Advisor Group LLC lifted its holdings in shares of Tyler Technologies by 40.4% during the 1st quarter. Private Advisor Group LLC now owns 1,143 shares of the technology company’s stock valued at $486,000 after buying an additional 329 shares during the period. Empowered Funds LLC increased its position in Tyler Technologies by 49.7% during the first quarter. Empowered Funds LLC now owns 2,414 shares of the technology company’s stock valued at $1,026,000 after acquiring an additional 801 shares during the last quarter. SG Americas Securities LLC increased its stake in Tyler Technologies by 60.9% in the first quarter. SG Americas Securities LLC now owns 6,862 shares of the technology company’s stock worth $2,916,000 after purchasing an additional 2,596 shares during the period. Forsta AP Fonden increased its stake in shares of Tyler Technologies by 17.3% during the first quarter. Forsta AP Fonden now owns 8,800 shares of the technology company’s stock valued at $3,740,000 after buying an additional 1,300 shares during the period. Finally, Meeder Advisory Services Inc. lifted its holdings in Tyler Technologies by 11.5% during the first quarter. Meeder Advisory Services Inc. now owns 572 shares of the technology company’s stock worth $243,000 after buying an additional 59 shares during the period. 93.30% of the stock is owned by hedge funds and other institutional investors.

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.