Tyler Technologies, Inc. (NYSE:TYL - Get Free Report) CFO Brian K. Miller sold 6,752 shares of the company's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $613.75, for a total value of $4,144,040.00. Following the transaction, the chief financial officer now owns 11,918 shares of the company's stock, valued at approximately $7,314,672.50. The trade was a 36.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Tyler Technologies Trading Down 1.0 %
NYSE TYL opened at $607.97 on Wednesday. The firm's 50 day moving average price is $609.38 and its two-hundred day moving average price is $567.72. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. Tyler Technologies, Inc. has a twelve month low of $397.80 and a twelve month high of $638.56. The stock has a market cap of $26.02 billion, a price-to-earnings ratio of 110.94, a PEG ratio of 5.54 and a beta of 0.76.
Tyler Technologies (NYSE:TYL - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.43 by $0.09. The business had revenue of $543.34 million during the quarter, compared to analysts' expectations of $547.34 million. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. Tyler Technologies's revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.66 earnings per share. Equities analysts anticipate that Tyler Technologies, Inc. will post 7.36 EPS for the current year.
Hedge Funds Weigh In On Tyler Technologies
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Several institutional investors and hedge funds have recently bought and sold shares of the business. APG Asset Management N.V. boosted its holdings in shares of Tyler Technologies by 1.4% during the second quarter. APG Asset Management N.V. now owns 1,507,062 shares of the technology company's stock worth $706,994,000 after purchasing an additional 20,842 shares during the period. Geode Capital Management LLC lifted its position in Tyler Technologies by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,108,908 shares of the technology company's stock worth $645,585,000 after buying an additional 24,284 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Tyler Technologies by 2.0% during the 3rd quarter. Franklin Resources Inc. now owns 912,746 shares of the technology company's stock valued at $547,354,000 after buying an additional 17,943 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Tyler Technologies by 4.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 904,175 shares of the technology company's stock valued at $527,785,000 after acquiring an additional 36,066 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in shares of Tyler Technologies by 252,047.5% in the third quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company's stock worth $179,564,000 after acquiring an additional 307,498 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company's stock.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the company. Truist Financial reiterated a "buy" rating and set a $685.00 price objective (up from $600.00) on shares of Tyler Technologies in a research report on Friday, October 25th. The Goldman Sachs Group reiterated a "buy" rating and set a $627.00 price target on shares of Tyler Technologies in a research report on Friday, September 13th. DA Davidson raised their price target on Tyler Technologies from $525.00 to $550.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. Piper Sandler lifted their price objective on shares of Tyler Technologies from $625.00 to $701.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Finally, StockNews.com lowered shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Friday, December 6th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $642.62.
Check Out Our Latest Report on Tyler Technologies
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 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.
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