Tyler Technologies, Inc. (NYSE:TYL) Director Brenda A. Cline Sells 2,500 Shares of Stock

Tyler Technologies, Inc. (NYSE:TYL) Director Brenda A. Cline sold 2,500 shares of the business’s stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $577.41, for a total transaction of $1,443,525.00. Following the sale, the director now directly owns 2,519 shares of the company’s stock, valued at approximately $1,454,495.79. The trade was a 49.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Tyler Technologies Trading Up 0.1%

Shares of TYL stock opened at $574.72 on Wednesday. Tyler Technologies, Inc. has a 52-week low of $458.50 and a 52-week high of $661.31. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. The company has a 50-day simple moving average of $561.76 and a two-hundred day simple moving average of $589.13. The company has a market capitalization of $24.78 billion, a price-to-earnings ratio of 94.84, a PEG ratio of 4.93 and a beta of 0.88.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.22. Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. The business had revenue of $562.43 million during the quarter, compared to the consensus estimate of $556.45 million. During the same period in the prior year, the firm posted $2.20 EPS. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. Research analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Piper Sandler decreased their target price on shares of Tyler Technologies from $747.00 to $708.00 and set an “overweight” rating for the company in a research report on Friday, April 25th. Barclays decreased their target price on shares of Tyler Technologies from $700.00 to $695.00 and set an “overweight” rating for the company in a research report on Friday, April 25th. Truist Financial reissued a “buy” rating and set a $775.00 target price (up from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. DA Davidson decreased their target price on shares of Tyler Technologies from $595.00 to $570.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. Finally, Needham & Company LLC reissued a “buy” rating and set a $750.00 target price on shares of Tyler Technologies in a research report on Tuesday, May 13th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Tyler Technologies currently has an average rating of “Moderate Buy” and an average target price of $674.67.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Retirement Wealth Solutions LLC purchased a new position in Tyler Technologies in the first quarter valued at about $26,000. Larson Financial Group LLC boosted its stake in Tyler Technologies by 221.4% in the fourth quarter. Larson Financial Group LLC now owns 45 shares of the technology company’s stock valued at $26,000 after acquiring an additional 31 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC boosted its stake in Tyler Technologies by 820.0% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company’s stock valued at $27,000 after acquiring an additional 41 shares during the last quarter. Sierra Ocean LLC purchased a new position in Tyler Technologies in the fourth quarter valued at about $32,000. Finally, Brown Brothers Harriman & Co. boosted its stake in Tyler Technologies by 300.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company’s stock valued at $32,000 after acquiring an additional 42 shares during the last quarter. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

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.