Insider Selling: Tyler Technologies, Inc. (NYSE:TYL) Director Sells $322,730.00 in Stock

Tyler Technologies, Inc. (NYSE:TYL – Get Rating) Director Glenn A. Carter sold 1,000 shares of the stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $322.73, for a total value of $322,730.00. Following the completion of the transaction, the director now directly owns 1,287 shares of the company’s stock, valued at $415,353.51. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Tyler Technologies Stock Performance

NYSE TYL opened at $326.61 on Friday. The stock has a market cap of $13.66 billion, a PE ratio of 84.40 and a beta of 0.81. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.36. Tyler Technologies, Inc. has a twelve month low of $281.11 and a twelve month high of $453.03. The stock has a fifty day simple moving average of $324.80 and a 200-day simple moving average of $331.36.

Hedge Funds Weigh In On Tyler Technologies

Hedge funds have recently modified their holdings of the business. Lindbrook Capital LLC grew its holdings in shares of Tyler Technologies by 105.4% during the 4th quarter. Lindbrook Capital LLC now owns 76 shares of the technology company’s stock worth $25,000 after purchasing an additional 39 shares during the period. Private Trust Co. NA purchased a new position in Tyler Technologies during the 2nd quarter valued at about $32,000. Ruedi Wealth Management Inc. purchased a new position in Tyler Technologies during the 4th quarter valued at about $31,000. Belpointe Asset Management LLC purchased a new position in Tyler Technologies during the 4th quarter valued at about $33,000. Finally, CI Investments Inc. boosted its holdings in Tyler Technologies by 136.7% during the 4th quarter. CI Investments Inc. now owns 116 shares of the technology company’s stock valued at $37,000 after acquiring an additional 67 shares during the period. 89.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on TYL. Barclays reduced their price objective on Tyler Technologies from $365.00 to $350.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 11th. Credit Suisse Group dropped their target price on Tyler Technologies from $375.00 to $370.00 and set a “neutral” rating for the company in a report on Tuesday, February 21st. JMP Securities dropped their target price on Tyler Technologies from $465.00 to $415.00 in a report on Friday, February 17th. StockNews.com assumed coverage on Tyler Technologies in a report on Thursday. They issued a “hold” rating for the company. Finally, Piper Sandler restated an “overweight” rating and issued a $450.00 target price on shares of Tyler Technologies in a report on Friday. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Tyler Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $433.62.

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.