Brian K. Miller Sells 2,671 Shares of Tyler Technologies, Inc. (NYSE:TYL) Stock

Tyler Technologies, Inc. (NYSE:TYL) CFO Brian K. Miller sold 2,671 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $465.03, for a total transaction of $1,242,095.13. Following the sale, the chief financial officer now directly owns 13,536 shares of the company’s stock, valued at $6,294,646.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Tyler Technologies Trading Down 0.1 %

NYSE:TYL opened at $481.02 on Thursday. The stock has a market cap of $20.42 billion, a PE ratio of 108.83, a price-to-earnings-growth ratio of 4.38 and a beta of 0.76. Tyler Technologies, Inc. has a fifty-two week low of $361.16 and a fifty-two week high of $485.40. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.94 and a quick ratio of 0.94. The stock’s 50-day moving average is $428.17 and its two-hundred day moving average is $420.40.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. The business had revenue of $480.94 million during the quarter, compared to analysts’ expectations of $483.34 million. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. As a group, equities research analysts forecast that Tyler Technologies, Inc. will post 7.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tyler Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Kapitalo Investimentos Ltda purchased a new stake in shares of Tyler Technologies during the fourth quarter worth $26,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Tyler Technologies during the 4th quarter worth about $31,000. Larson Financial Group LLC lifted its holdings in shares of Tyler Technologies by 675.0% during the 1st quarter. Larson Financial Group LLC now owns 93 shares of the technology company’s stock valued at $40,000 after buying an additional 81 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Tyler Technologies in the 4th quarter valued at approximately $40,000. Finally, Lindbrook Capital LLC increased its holdings in Tyler Technologies by 50.6% in the fourth quarter. Lindbrook Capital LLC now owns 116 shares of the technology company’s stock worth $49,000 after buying an additional 39 shares during the last quarter. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on TYL. JPMorgan Chase & Co. upped their price target on Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Piper Sandler reiterated an “overweight” rating and issued a $520.00 price target on shares of Tyler Technologies in a research report on Wednesday, April 24th. Robert W. Baird boosted their price objective on Tyler Technologies from $500.00 to $525.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $500.00 price objective on shares of Tyler Technologies in a research note on Thursday, April 25th. Finally, DA Davidson lifted their target price on shares of Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a research report on Thursday, February 22nd. Three research analysts have rated the stock with a hold rating and seven have assigned 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 $492.22.

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.