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

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

Tyler Technologies Stock Performance

Shares of NYSE TYL traded up $0.20 during trading hours on Tuesday, reaching $574.29. The stock had a trading volume of 116,221 shares, compared to its average volume of 278,180. The firm has a 50-day moving average of $561.32 and a 200-day moving average of $589.23. The firm has a market cap of $24.77 billion, a price-to-earnings ratio of 94.77, a PEG ratio of 4.93 and a beta of 0.88. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a fifty-two week low of $458.50 and a fifty-two week high of $661.31.

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TYL shares. Robert W. Baird cut their price objective on Tyler Technologies from $785.00 to $700.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. Wells Fargo & Company lowered their price objective on shares of Tyler Technologies from $640.00 to $610.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 22nd. StockNews.com upgraded Tyler Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, May 10th. Truist Financial restated a “buy” rating and set a $775.00 target price (up from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Finally, Barclays cut their price target on shares of Tyler Technologies from $700.00 to $695.00 and set an “overweight” rating on the stock in a research note on Friday, April 25th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $674.67.

Hedge Funds Weigh In On Tyler Technologies

A number of large investors have recently bought and sold shares of TYL. Adage Capital Partners GP L.L.C. increased its stake in shares of Tyler Technologies by 20.7% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 42,500 shares of the technology company’s stock worth $24,507,000 after acquiring an additional 7,300 shares during the period. Kensington Investment Counsel LLC boosted its holdings in Tyler Technologies by 0.8% in the 4th quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company’s stock valued at $1,439,000 after purchasing an additional 20 shares in the last quarter. Barclays PLC increased its position in Tyler Technologies by 2.5% during the 3rd quarter. Barclays PLC now owns 88,296 shares of the technology company’s stock worth $51,543,000 after purchasing an additional 2,169 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Tyler Technologies by 148.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company’s stock worth $269,369,000 after buying an additional 275,511 shares in the last quarter. Finally, Swedbank AB raised its stake in shares of Tyler Technologies by 1.7% during the 4th quarter. Swedbank AB now owns 459,850 shares of the technology company’s stock worth $265,168,000 after buying an additional 7,838 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

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.