Daniel Pope Sells 500 Shares of Tyler Technologies (NYSE:TYL) Stock

Tyler Technologies, Inc. (NYSE:TYL) Director Daniel Pope sold 500 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $355.40, for a total value of $177,700.00. Following the completion of the sale, the director directly owned 2,871 shares of the company’s stock, valued at $1,020,353.40. The trade was a 14.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Tyler Technologies Trading Down 0.4%

Shares of Tyler Technologies stock opened at $366.52 on Friday. Tyler Technologies, Inc. has a 12-month low of $283.71 and a 12-month high of $622.34. The company has a market cap of $15.76 billion, a P/E ratio of 50.91, a PEG ratio of 2.46 and a beta of 0.90. The company’s fifty day simple moving average is $389.66 and its two-hundred day simple moving average is $462.53.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, February 11th. The technology company reported $2.64 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.07). Tyler Technologies had a return on equity of 10.42% and a net margin of 13.53%.The company had revenue of $575.18 million during the quarter, compared to analysts’ expectations of $591.09 million. During the same period in the prior year, the business posted $2.43 earnings per share. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. Analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Salomon & Ludwin LLC grew its holdings in shares of Tyler Technologies by 6,100.0% during the fourth quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company’s stock valued at $27,000 after buying an additional 61 shares during the last quarter. DV Equities LLC bought a new position in Tyler Technologies in the 4th quarter valued at approximately $27,000. Root Financial Partners LLC purchased a new stake in Tyler Technologies during the 3rd quarter valued at $28,000. Elyxium Wealth LLC purchased a new stake in Tyler Technologies during the 4th quarter valued at $29,000. Finally, Bayban bought a new stake in shares of Tyler Technologies in the 4th quarter worth $30,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TYL. Needham & Company LLC reissued a “buy” rating and issued a $750.00 target price on shares of Tyler Technologies in a research report on Tuesday, February 3rd. Barclays reduced their price target on Tyler Technologies from $715.00 to $410.00 and set an “overweight” rating on the stock in a research note on Friday, February 13th. BTIG Research lowered their price objective on Tyler Technologies from $560.00 to $470.00 and set a “buy” rating for the company in a research report on Monday, February 9th. TD Cowen reduced their target price on shares of Tyler Technologies from $600.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Finally, The Goldman Sachs Group set a $420.00 price target on shares of Tyler Technologies in a research note on Friday, February 13th. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $467.54.

About Tyler Technologies

Tyler Technologies, Inc is a provider of software and technology services for the public sector, delivering integrated systems that help government and public agencies manage operations, finances and citizen services. Headquartered in Plano, Texas, the company focuses on developing and implementing solutions for local and state governments, school districts, courts and public safety organizations. Its offerings are aimed at modernizing administrative workflows, improving transparency and enabling digital interactions between governments and the communities they serve.

Tyler’s product portfolio spans enterprise resource planning and financial management, tax and billing systems, court case and records management, public safety solutions (including computer-aided dispatch and records management), land and property management, permitting and licensing, and enterprise asset management.