Tyler Technologies, Inc. (NYSE:TYL) COO Jeffrey David Puckett Sells 2,609 Shares

Tyler Technologies, Inc. (NYSE:TYLGet Free Report) COO Jeffrey David Puckett sold 2,609 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $423.10, for a total value of $1,103,867.90. Following the transaction, the chief operating officer now owns 6,925 shares in the company, valued at approximately $2,929,967.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Tyler Technologies Stock Up 2.0 %

Shares of TYL traded up $8.37 during mid-day trading on Monday, reaching $428.85. The company had a trading volume of 299,694 shares, compared to its average volume of 195,821. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a 50-day moving average price of $428.90 and a 200 day moving average price of $407.94. Tyler Technologies, Inc. has a 52 week low of $305.06 and a 52 week high of $454.74. The company has a market capitalization of $18.13 billion, a price-to-earnings ratio of 108.09, a price-to-earnings-growth ratio of 4.12 and a beta of 0.82.

Tyler Technologies (NYSE:TYLGet Free Report) last released its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. The business had revenue of $480.94 million for the quarter, compared to analysts’ expectations of $483.34 million. Tyler Technologies had a return on equity of 8.85% and a net margin of 8.50%. On average, sell-side analysts forecast that Tyler Technologies, Inc. will post 6.8 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Piper Sandler boosted their price target on Tyler Technologies from $480.00 to $520.00 and gave the company an “overweight” rating in a report on Friday, February 16th. DA Davidson boosted their price target on Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. JPMorgan Chase & Co. boosted their price target on Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Needham & Company LLC boosted their price target on Tyler Technologies from $475.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Finally, JMP Securities reiterated a “market outperform” rating and set a $490.00 target price on shares of Tyler Technologies in a report on Friday, February 16th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $457.86.

Read Our Latest Stock Analysis on TYL

Hedge Funds Weigh In On Tyler Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TYL. Vanguard Group Inc. raised its stake in Tyler Technologies by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 4,969,048 shares of the technology company’s stock valued at $2,077,658,000 after buying an additional 55,629 shares during the last quarter. BlackRock Inc. raised its stake in Tyler Technologies by 2.1% during the 2nd quarter. BlackRock Inc. now owns 3,163,096 shares of the technology company’s stock valued at $1,317,335,000 after buying an additional 66,422 shares during the last quarter. Alliancebernstein L.P. raised its stake in Tyler Technologies by 26.3% during the 4th quarter. Alliancebernstein L.P. now owns 1,719,257 shares of the technology company’s stock valued at $554,306,000 after buying an additional 357,779 shares during the last quarter. State Street Corp raised its stake in Tyler Technologies by 2.9% during the 2nd quarter. State Street Corp now owns 1,620,687 shares of the technology company’s stock valued at $674,968,000 after buying an additional 46,001 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Tyler Technologies by 0.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,268,954 shares of the technology company’s stock valued at $489,994,000 after buying an additional 5,013 shares during the last quarter. 91.28% of the stock is owned by institutional investors.

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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Insider Buying and Selling by Quarter for Tyler Technologies (NYSE:TYL)

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