Tyler Technologies (NYSE:TYL) Director Daniel Pope Sells 680 Shares of Stock

Tyler Technologies, Inc. (NYSE:TYL) Director Daniel Pope sold 680 shares of the company’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $407.56, for a total transaction of $277,140.80. Following the transaction, the director directly owned 2,643 shares in the company, valued at approximately $1,077,181.08. This trade represents a 20.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Tyler Technologies Trading Up 4.8%

Shares of Tyler Technologies stock opened at $423.62 on Thursday. The company has a 50-day moving average of $355.41 and a two-hundred day moving average of $336.96. Tyler Technologies, Inc. has a 12-month low of $270.71 and a 12-month high of $481.57. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51. The stock has a market cap of $16.84 billion, a PE ratio of 53.35, a price-to-earnings-growth ratio of 2.66 and a beta of 0.74.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, October 28th. The technology company reported $3.52 EPS for the quarter, topping the consensus estimate of $3.48 by $0.04. The business had revenue of $647.57 million for the quarter, compared to analyst estimates of $651.38 million. Tyler Technologies had a return on equity of 12.21% and a net margin of 13.51%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.91 EPS. On average, research analysts anticipate that Tyler Technologies, Inc. will post 10.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TYL. The Goldman Sachs Group lifted their price objective on Tyler Technologies from $345.00 to $385.00 and gave the stock a “neutral” rating in a research report on Tuesday. TD Cowen upped their target price on shares of Tyler Technologies from $400.00 to $450.00 and gave the company a “buy” rating in a report on Monday, October 26th. DA Davidson reaffirmed a “buy” rating and set a $460.00 price target on shares of Tyler Technologies in a research note on Tuesday, October 27th. Wells Fargo & Company lifted their price target on shares of Tyler Technologies from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Friday, October 30th. Finally, BTIG Research boosted their price objective on shares of Tyler Technologies from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Tyler Technologies presently has an average rating of “Moderate Buy” and an average target price of $440.88.

Institutional Trading of Tyler Technologies

Hedge funds have recently added to or reduced their stakes in the business. Raiffeisen Bank International AG grew its holdings in Tyler Technologies by 259.3% in the second quarter. Raiffeisen Bank International AG now owns 97 shares of the technology company’s stock valued at $28,000 after purchasing an additional 70 shares during the period. Quantbot Technologies LP acquired a new position in Tyler Technologies during the second quarter worth approximately $35,000. Pin Oak Investment Advisors Inc. purchased a new position in Tyler Technologies during the second quarter worth approximately $37,000. Annis Gardner Whiting Capital Advisors LLC raised its stake in Tyler Technologies by 75.0% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 147 shares of the technology company’s stock worth $50,000 after purchasing an additional 63 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in Tyler Technologies by 235.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 161 shares of the technology company’s stock worth $54,000 after purchasing an additional 113 shares during the period. 93.30% of the stock is owned by institutional investors and hedge funds.

Tyler Technologies News Summary

Here are the key news stories impacting Tyler Technologies this week:

• Positive Sentiment: The West Virginia Department of Education selected Tyler’s Enterprise ERP financial and human-resources software for a statewide modernization initiative. The contract adds a public-sector customer and could support future recurring revenue, although financial terms were not disclosed. Article
• Neutral Sentiment: Analyst views are mixed: BTIG raised its price target to $430 and maintained a Buy rating, while Goldman Sachs lifted its target to $385 but kept a Neutral rating. Both targets are below the latest reported share price, which may limit near-term upside expectations.
• Negative Sentiment: CEO H. Lynn Moore Jr. sold 10,000 shares for about $3.93 million, reducing his holdings by 9.06%. Director Daniel Pope also sold 680 shares for about $277,000, trimming his ownership by 20.46%. Insider sales can weigh on sentiment, though they do not necessarily signal a change in company prospects. Article

Tyler Technologies Company Profile

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.