Tyler Technologies (NYSE:TYL) COO Jeffrey David Puckett Sells 10,000 Shares of Stock

Tyler Technologies, Inc. (NYSE:TYL – Get Free Report) COO Jeffrey Puckett sold 10,000 shares of the business’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $419.69, for a total transaction of $4,196,900.00. Following the completion of the sale, the chief operating officer directly owned 7,800 shares in the company, valued at approximately $3,273,582. This represents a 56.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jeffrey David Puckett also recently made the following trade(s):

  • On Monday, August 24th, Jeffrey Puckett sold 8,500 shares of Tyler Technologies stock. The stock was sold at an average price of $356.44, for a total value of $3,029,740.00.

Tyler Technologies Stock Performance

Shares of TYL stock opened at $420.33 on Friday. The company has a market capitalization of $16.71 billion, a price-to-earnings ratio of 52.94, a price-to-earnings-growth ratio of 2.66 and a beta of 0.74. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.33 and a current ratio of 1.33. The company’s 50-day moving average is $357.96 and its 200 day moving average is $336.87. Tyler Technologies, Inc. has a one year low of $270.71 and a one year high of $481.57.

Tyler Technologies (NYSE:TYL – Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The technology company reported $3.52 EPS for the quarter, beating analysts’ consensus estimates of $3.48 by $0.04. Tyler Technologies had a return on equity of 12.21% and a net margin of 13.51%. The business had revenue of $647.57 million during the quarter, compared to analysts’ expectations of $651.38 million. During the same period in the previous year, the business earned $2.91 earnings per share. The business’s revenue was up 8.7% compared to the same quarter last year. Sell-side analysts expect that Tyler Technologies, Inc. will post 10.11 EPS for the current fiscal year.

Institutional Trading of Tyler Technologies

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Tyler Technologies during the second quarter valued at approximately $1,129,890,000. Bank of America Corp DE acquired a new position in Tyler Technologies in the second quarter valued at $116,831,000. Deutsche Bank AG purchased a new stake in Tyler Technologies in the 2nd quarter valued at approximately $88,645,000. Principal Financial Group Inc. lifted its position in Tyler Technologies by 20.1% during the 1st quarter. Principal Financial Group Inc. now owns 1,745,625 shares of the technology company’s stock worth $597,681,000 after acquiring an additional 291,564 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Tyler Technologies during the second quarter worth about $72,426,000. 93.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TYL. Weiss Ratings raised shares of Tyler Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 22nd. Guggenheim assumed coverage on shares of Tyler Technologies in a research note on Wednesday, July 22nd. They issued a “buy” rating and a $440.00 price objective for the company. BTIG Research lifted their price target on Tyler Technologies from $400.00 to $430.00 and gave the company a “buy” rating in a report on Friday, October 30th. Wells Fargo & Company raised their price target on shares of Tyler Technologies from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Friday, October 30th. Finally, Zacks Research downgraded Tyler Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $440.88.

Get Our Latest Report on Tyler Technologies

Tyler Technologies Company Profile

(Get Free Report)

Tyler Technologies, Inc provides integrated software and technology services to public-sector organizations. Its customers include municipalities, counties, states, courts, school districts, public safety agencies, and other government entities. The company’s solutions are designed to help public organizations manage operations, improve service delivery, and engage with residents and constituents.

Tyler’s product portfolio includes enterprise resource planning and financial management software, property tax and appraisal systems, court and justice solutions, public safety and emergency communications platforms, permitting and licensing tools, and software for schools and elections.

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

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