Tyler Technologies, Inc. (NYSE:TYL) CFO Brian K. Miller Sells 1,200 Shares

Tyler Technologies, Inc. (NYSE:TYL) CFO Brian K. Miller sold 1,200 shares of Tyler Technologies stock in a transaction on Friday, June 6th. The stock was sold at an average price of $577.66, for a total transaction of $693,192.00. Following the transaction, the chief financial officer now owns 17,475 shares in the company, valued at approximately $10,094,608.50. This trade represents a 6.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Tyler Technologies Stock Up 1.0%

TYL traded up $5.63 during midday trading on Tuesday, hitting $585.80. The company had a trading volume of 112,330 shares, compared to its average volume of 274,073. Tyler Technologies, Inc. has a 52 week low of $458.50 and a 52 week high of $661.31. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $25.26 billion, a price-to-earnings ratio of 96.65, a PEG ratio of 4.93 and a beta of 0.84. The stock’s 50 day moving average price is $560.70 and its 200 day moving average price is $585.54.

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

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Needham & Company LLC reiterated a “buy” rating and set a $750.00 price target on shares of Tyler Technologies in a report on Tuesday, May 13th. Truist Financial reiterated a “buy” rating and set a $775.00 price target (up previously from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. DA Davidson cut their price target on shares of Tyler Technologies from $595.00 to $570.00 and set a “neutral” rating on the stock in a report on Friday, April 25th. Piper Sandler cut their price target on shares of Tyler Technologies from $747.00 to $708.00 and set an “overweight” rating on the stock in a report on Friday, April 25th. Finally, Barclays lowered their target price on shares of Tyler Technologies from $700.00 to $695.00 and set an “overweight” rating for the company in a research note on Friday, April 25th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $680.50.

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.