Tyler Technologies, Inc. (NYSE:TYL) Insider John S. Marr, Jr. Sells 6,000 Shares

Tyler Technologies, Inc. (NYSE:TYL) insider John S. Marr, Jr. sold 6,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $633.55, for a total value of $3,801,300.00. Following the completion of the sale, the insider now directly owns 6,983 shares of the company’s stock, valued at $4,424,079.65. This represents a 46.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Tyler Technologies Stock Down 1.2 %

Shares of NYSE TYL opened at $623.15 on Friday. The firm has a 50 day moving average price of $604.80 and a 200 day moving average price of $561.11. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market cap of $26.67 billion, a P/E ratio of 113.71, a P/E/G ratio of 5.76 and a beta of 0.76. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $638.56.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.43 by $0.09. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The business had revenue of $543.34 million for the quarter, compared to the consensus estimate of $547.34 million. During the same quarter last year, the business posted $1.66 EPS. The firm’s revenue was up 9.8% compared to the same quarter last year. Analysts expect that Tyler Technologies, Inc. will post 7.36 EPS for the current year.

Institutional Trading of Tyler Technologies

A number of large investors have recently bought and sold shares of TYL. Mather Group LLC. grew its stake in shares of Tyler Technologies by 25.0% during the 2nd quarter. Mather Group LLC. now owns 325 shares of the technology company’s stock worth $163,000 after acquiring an additional 65 shares in the last quarter. QRG Capital Management Inc. boosted its stake in shares of Tyler Technologies by 17.9% during the 2nd quarter. QRG Capital Management Inc. now owns 776 shares of the technology company’s stock worth $390,000 after buying an additional 118 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Tyler Technologies by 18.3% during the 2nd quarter. SG Americas Securities LLC now owns 8,117 shares of the technology company’s stock worth $4,081,000 after buying an additional 1,255 shares during the last quarter. Czech National Bank grew its holdings in shares of Tyler Technologies by 9.2% in the 2nd quarter. Czech National Bank now owns 8,090 shares of the technology company’s stock valued at $4,067,000 after acquiring an additional 679 shares in the last quarter. Finally, Quantum Financial Advisors LLC increased its position in shares of Tyler Technologies by 2.0% in the second quarter. Quantum Financial Advisors LLC now owns 1,743 shares of the technology company’s stock valued at $876,000 after acquiring an additional 35 shares during the last quarter. 93.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Piper Sandler upped their target price on Tyler Technologies from $625.00 to $701.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Barclays upped their price objective on shares of Tyler Technologies from $700.00 to $705.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. JMP Securities lifted their target price on shares of Tyler Technologies from $580.00 to $700.00 and gave the stock a “market outperform” rating in a report on Friday, October 25th. The Goldman Sachs Group restated a “buy” rating and set a $627.00 price target on shares of Tyler Technologies in a report on Friday, September 13th. Finally, StockNews.com cut Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Friday. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Tyler Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $642.62.

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.