Tyler Technologies, Inc. (NYSE:TYL) CEO H Lynn Moore, Jr. sold 9,200 shares of the firm’s stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $245.27, for a total transaction of $2,256,484.00. Following the transaction, the chief executive officer now directly owns 67,147 shares of the company’s stock, valued at approximately $16,469,144.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Tyler Technologies stock opened at $250.80 on Wednesday. Tyler Technologies, Inc. has a 1 year low of $167.50 and a 1 year high of $251.73. The firm has a market cap of $9.54 billion, a P/E ratio of 77.70, a price-to-earnings-growth ratio of 6.51 and a beta of 0.88.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Thursday, July 26th. The technology company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.05. Tyler Technologies had a net margin of 19.91% and a return on equity of 11.70%. The company had revenue of $236.10 million during the quarter, compared to analysts’ expectations of $233.28 million. During the same quarter in the previous year, the company earned $0.91 earnings per share. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. analysts forecast that Tyler Technologies, Inc. will post 3.79 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TYL. Morgan Stanley increased its holdings in Tyler Technologies by 949.5% in the second quarter. Morgan Stanley now owns 940,517 shares of the technology company’s stock valued at $208,889,000 after buying an additional 850,905 shares in the last quarter. Loomis Sayles & Co. L P purchased a new position in Tyler Technologies in the first quarter valued at $37,795,000. BlackRock Inc. increased its holdings in Tyler Technologies by 5.8% in the second quarter. BlackRock Inc. now owns 3,195,740 shares of the technology company’s stock valued at $709,773,000 after buying an additional 173,889 shares in the last quarter. Ownership Capital B.V. increased its holdings in Tyler Technologies by 71.3% in the first quarter. Ownership Capital B.V. now owns 351,461 shares of the technology company’s stock valued at $74,144,000 after buying an additional 146,332 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in Tyler Technologies by 2,630.4% in the second quarter. First Trust Advisors LP now owns 132,125 shares of the technology company’s stock valued at $29,345,000 after buying an additional 127,286 shares in the last quarter. 92.23% of the stock is owned by institutional investors.

TYL has been the subject of several recent research reports. Robert W. Baird reissued a “buy” rating and set a $260.00 target price (up previously from $240.00) on shares of Tyler Technologies in a report on Friday, July 27th. B. Riley raised their target price on shares of Tyler Technologies from $200.00 to $206.00 and gave the stock a “neutral” rating in a report on Monday, July 30th. Zacks Investment Research cut shares of Tyler Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, May 9th. Finally, Piper Jaffray Companies raised their target price on shares of Tyler Technologies from $242.00 to $260.00 and gave the stock an “overweight” rating in a report on Monday, June 25th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Tyler Technologies presently has a consensus rating of “Buy” and an average target price of $228.58.

Tyler Technologies Company Profile

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector in the United States and internationally. It operates through two segments, Enterprise Software, and Appraisal and Tax. The company's financial management solutions include modular fund accounting systems for government agencies or not-for-profit entities; and utility billing systems for the billing and collection of metered and non-metered services.

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