John S. Marr, Jr. Sells 4,868 Shares of Tyler Technologies, Inc. (NYSE:TYL) Stock

Tyler Technologies, Inc. (NYSE:TYL – Get Rating) Chairman John S. Marr, Jr. sold 4,868 shares of Tyler Technologies stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $325.88, for a total value of $1,586,383.84. Following the completion of the transaction, the chairman now owns 59,970 shares in the company, valued at $19,543,023.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Tyler Technologies Stock Performance

NYSE TYL opened at $325.07 on Wednesday. Tyler Technologies, Inc. has a fifty-two week low of $281.11 and a fifty-two week high of $453.03. The stock has a market cap of $13.59 billion, a price-to-earnings ratio of 84.00 and a beta of 0.81. The business has a fifty day moving average of $323.83 and a 200-day moving average of $331.73. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.36.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TYL shares. Credit Suisse Group decreased their price target on Tyler Technologies from $375.00 to $370.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 21st. Needham & Company LLC restated a “buy” rating and issued a $475.00 price target on shares of Tyler Technologies in a research note on Friday, February 17th. JMP Securities decreased their price target on Tyler Technologies from $465.00 to $415.00 in a research note on Friday, February 17th. Barclays decreased their price target on Tyler Technologies from $365.00 to $350.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 11th. Finally, Robert W. Baird decreased their price target on Tyler Technologies from $460.00 to $440.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 13th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $433.62.

Hedge Funds Weigh In On Tyler Technologies

A number of institutional investors have recently made changes to their positions in TYL. Vanguard Group Inc. increased its stake in Tyler Technologies by 1.0% in the third quarter. Vanguard Group Inc. now owns 4,709,195 shares of the technology company’s stock valued at $1,636,445,000 after purchasing an additional 46,542 shares during the last quarter. Bishop Rock Capital L.P. increased its stake in Tyler Technologies by 26,110.5% in the second quarter. Bishop Rock Capital L.P. now owns 2,336,669 shares of the technology company’s stock valued at $7,028,000 after purchasing an additional 2,327,754 shares during the last quarter. Alliancebernstein L.P. increased its stake in Tyler Technologies by 26.3% in the fourth quarter. Alliancebernstein L.P. now owns 1,719,257 shares of the technology company’s stock valued at $554,306,000 after purchasing an additional 357,779 shares during the last quarter. Franklin Resources Inc. increased its stake in Tyler Technologies by 4.2% in the fourth quarter. Franklin Resources Inc. now owns 1,098,670 shares of the technology company’s stock valued at $354,222,000 after purchasing an additional 44,261 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Tyler Technologies by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 876,951 shares of the technology company’s stock valued at $282,298,000 after purchasing an additional 23,739 shares during the last quarter. 89.45% of the stock is owned by institutional investors and hedge funds.

About Tyler Technologies

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Tyler Technologies, Inc engages in the provision of integrated technology and management solutions and services for the public sector with a focus on local governments. It operates through the following segments: Enterprise Software and Appraisal and Tax. The Enterprise Software segment provides municipal and county governments and schools with software systems to meet their information technology and automation needs for mission-critical back-office functions such as financial management, courts and justice processes.