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
About Tyler Technologies
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.
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