Tyler Technologies, Inc. (NYSE:TYL) Director Dustin R. Womble Sells 2,111 Shares

Tyler Technologies, Inc. (NYSE:TYLGet Free Report) Director Dustin R. Womble sold 2,111 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $396.87, for a total transaction of $837,792.57. Following the completion of the sale, the director now directly owns 12,805 shares in the company, valued at approximately $5,081,920.35. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Tyler Technologies Stock Performance

Shares of TYL stock opened at $396.66 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market cap of $16.69 billion, a PE ratio of 102.50 and a beta of 0.82. The stock has a 50-day moving average of $396.92 and a 200-day moving average of $375.06. Tyler Technologies, Inc. has a one year low of $281.11 and a one year high of $426.83.

Tyler Technologies (NYSE:TYLGet Free Report) last posted its earnings results on Wednesday, July 26th. The technology company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.17. Tyler Technologies had a return on equity of 8.94% and a net margin of 8.64%. The business had revenue of $504.28 million during the quarter, compared to analysts’ expectations of $490.65 million. As a group, sell-side analysts expect that Tyler Technologies, Inc. will post 5.68 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Robert W. Baird boosted their target price on shares of Tyler Technologies from $470.00 to $475.00 in a research note on Friday, July 28th. Barclays boosted their target price on shares of Tyler Technologies from $400.00 to $425.00 and gave the company an “equal weight” rating in a research note on Friday, July 14th. JPMorgan Chase & Co. began coverage on shares of Tyler Technologies in a research note on Wednesday, June 21st. They issued an “overweight” rating and a $472.00 target price on the stock. Needham & Company LLC reiterated a “buy” rating and set a $475.00 price target on shares of Tyler Technologies in a research report on Thursday, July 27th. Finally, StockNews.com began coverage on shares of Tyler Technologies in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $440.29.

Read Our Latest Report on TYL

Hedge Funds Weigh In On Tyler Technologies

Large investors have recently bought and sold shares of the company. Glass Jacobson Investment Advisors llc acquired a new position in Tyler Technologies during the 2nd quarter worth approximately $27,000. Barrett & Company Inc. acquired a new stake in shares of Tyler Technologies in the 1st quarter valued at approximately $25,000. V Square Quantitative Management LLC acquired a new stake in shares of Tyler Technologies in the 2nd quarter valued at approximately $31,000. Column Capital Advisors LLC acquired a new stake in shares of Tyler Technologies in the 1st quarter valued at approximately $27,000. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in shares of Tyler Technologies by 105.0% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 82 shares of the technology company’s stock valued at $29,000 after buying an additional 42 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Tyler Technologies Company Profile

(Get Free Report)

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 financial management solutions, including modular fund accounting systems for government agencies or not-for-profit entities; utility billing systems for the billing and collection of metered and non-metered services; products to automate city and county functions, such as municipal courts, parking tickets, equipment and project costing, animal and business licenses, permits and inspections, code enforcement, citizen complaint tracking, ambulance billing, fleet maintenance, and cemetery records management; student information and transportation solutions for K-12 schools; and financial management systems.

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