Tyler Technologies (NYSE:TYL) CEO Sells $3,448,307.50 in Stock

Tyler Technologies, Inc. (NYSE:TYLGet Free Report) CEO H. Moore, Jr. sold 9,250 shares of Tyler Technologies stock in a transaction on Friday, August 28th. The stock was sold at an average price of $372.79, for a total transaction of $3,448,307.50. Following the completion of the transaction, the chief executive officer directly owned 100,392 shares in the company, valued at $37,425,133.68. This represents a 8.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Tyler Technologies Stock Down 2.1%

Tyler Technologies stock opened at $335.63 on Friday. The business has a fifty day moving average price of $329.58 and a 200-day moving average price of $326.61. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 1.55. Tyler Technologies, Inc. has a 1-year low of $270.71 and a 1-year high of $555.52. The stock has a market capitalization of $13.74 billion, a price-to-earnings ratio of 44.51, a PEG ratio of 2.26 and a beta of 0.84.

Tyler Technologies (NYSE:TYLGet Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The technology company reported $3.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.05 by $0.03. Tyler Technologies had a net margin of 13.36% and a return on equity of 11.15%. The firm had revenue of $645.10 million for the quarter, compared to the consensus estimate of $647.95 million. During the same quarter in the prior year, the company posted $2.91 earnings per share. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. Equities research analysts forecast that Tyler Technologies, Inc. will post 10.13 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on TYL shares. Barclays lifted their price objective on shares of Tyler Technologies from $420.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday, June 10th. Guggenheim initiated coverage on shares of Tyler Technologies in a research report on Wednesday, July 22nd. They set a “buy” rating and a $440.00 target price for the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Tyler Technologies in a report on Tuesday, July 21st. JPMorgan Chase & Co. cut their price target on Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 23rd. Finally, TD Cowen reduced their price objective on Tyler Technologies from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $456.72.

Check Out Our Latest Stock Report on TYL

Hedge Funds Weigh In On Tyler Technologies

Several institutional investors have recently made changes to their positions in the company. Cerity Partners LLC raised its holdings in shares of Tyler Technologies by 0.6% in the 2nd quarter. Cerity Partners LLC now owns 2,959 shares of the technology company’s stock valued at $1,754,000 after purchasing an additional 19 shares in the last quarter. Coldstream Capital Management Inc. grew its stake in shares of Tyler Technologies by 2.0% during the third quarter. Coldstream Capital Management Inc. now owns 1,167 shares of the technology company’s stock worth $611,000 after purchasing an additional 23 shares in the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of Tyler Technologies by 35.5% during the third quarter. Brown Brothers Harriman & Co. now owns 103 shares of the technology company’s stock worth $54,000 after purchasing an additional 27 shares in the last quarter. Glenmede Investment Management LP increased its holdings in Tyler Technologies by 4.9% in the third quarter. Glenmede Investment Management LP now owns 615 shares of the technology company’s stock valued at $322,000 after buying an additional 29 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in Tyler Technologies by 17.8% in the first quarter. Blue Trust Inc. now owns 199 shares of the technology company’s stock valued at $68,000 after buying an additional 30 shares in the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

About Tyler Technologies

(Get Free Report)

Tyler Technologies, Inc provides integrated software and technology services to the public sector. Its customers include local governments, state agencies, courts, schools and other public-sector organizations that use Tyler’s solutions to manage administrative, operational and citizen-facing functions.

The company’s product portfolio includes enterprise resource planning and financial management software, property tax and assessment systems, court and justice applications, public safety and emergency communications solutions, planning and regulatory systems, school administration software, and platforms for digital government services and electronic payments.

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

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