Insider Selling: Tyler Technologies, Inc. (NYSE:TYL) Insider Sells 6,000 Shares of Stock

Tyler Technologies, Inc. (NYSE:TYL) insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the transaction, the insider now directly owns 6,983 shares of the company’s stock, valued at $4,322,477. The trade was a 46.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Tyler Technologies Stock Performance

Shares of TYL stock traded down $17.01 during mid-day trading on Monday, hitting $571.00. 315,344 shares of the stock were exchanged, compared to its average volume of 239,337. The stock’s fifty day simple moving average is $599.93 and its two-hundred day simple moving average is $598.86. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. Tyler Technologies, Inc. has a 12-month low of $397.80 and a 12-month high of $661.31. The stock has a market capitalization of $24.56 billion, a price-to-earnings ratio of 94.22, a P/E/G ratio of 4.93 and a beta of 0.80.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. On average, analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Institutional Trading of Tyler Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the business. Larson Financial Group LLC increased 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 period. Ashton Thomas Securities LLC acquired a new position in Tyler Technologies in the 3rd quarter valued at about $27,000. Sierra Ocean LLC acquired a new position in Tyler Technologies in the 4th quarter valued at about $32,000. Brown Brothers Harriman & Co. raised its stake in Tyler Technologies by 300.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company’s stock valued at $32,000 after acquiring an additional 42 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in Tyler Technologies during the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TYL. Needham & Company LLC restated a “buy” rating and set a $700.00 price target on shares of Tyler Technologies in a research report on Tuesday, January 21st. Piper Sandler boosted their price target on shares of Tyler Technologies from $701.00 to $747.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Barclays raised their price objective on shares of Tyler Technologies from $705.00 to $715.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Wells Fargo & Company reiterated an “equal weight” rating and set a $615.00 target price (down from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Finally, StockNews.com downgraded shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Monday, February 24th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Tyler Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $676.25.

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.