Tyler Technologies, Inc. (NYSE:TYL) Sees Significant Decline in Short Interest – MarketBeat

Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
Tyler Technologies, Inc. (NYSE:TYL – Get Rating) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 482,100 shares, a decrease of 22.8% from the May 31st total of 624,600 shares. Based on an average daily volume of 277,800 shares, the days-to-cover ratio is currently 1.7 days.
Tyler Technologies stock traded up $1.40 during mid-day trading on Monday, reaching $333.88. 5,485 shares of the company were exchanged, compared to its average volume of 244,914. Tyler Technologies has a twelve month low of $300.85 and a twelve month high of $557.55. The firm’s 50-day simple moving average is $349.06 and its two-hundred day simple moving average is $416.17. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $13.85 billion, a PE ratio of 86.05 and a beta of 0.83.
Tyler Technologies (NYSE:TYL – Get Rating) last posted its quarterly earnings data on Wednesday, April 27th. The technology company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.12. Tyler Technologies had a return on equity of 10.62% and a net margin of 9.38%. The company had revenue of $456.11 million during the quarter, compared to analysts’ expectations of $435.29 million. During the same period last year, the firm earned $1.08 EPS. As a group, equities research analysts anticipate that Tyler Technologies will post 5.73 EPS for the current year.
If you’re new to trading, then you’ve probably heard the wrong thing about options—that they’re risky, unpredictable, or difficult.

And it couldn’t be more wrong! With the Hughes Optioneering Strategy, you’ll soon learn that the safest option for new accounts is options themselves!
In other news, Chairman John S. Marr, Jr. sold 6,000 shares of the stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $363.75, for a total value of $2,182,500.00. Following the transaction, the chairman now owns 57,638 shares in the company, valued at approximately $20,965,822.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Brian K. Miller sold 2,500 shares of the stock in a transaction dated Friday, May 13th. The shares were sold at an average price of $358.97, for a total value of $897,425.00. Following the completion of the transaction, the chief financial officer now owns 28,594 shares in the company, valued at approximately $10,264,388.18. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the business. Trust Co. of Vermont acquired a new stake in Tyler Technologies during the 4th quarter worth approximately $27,000. GHP Investment Advisors Inc. acquired a new stake in shares of Tyler Technologies in the 1st quarter valued at approximately $30,000. Standard Family Office LLC acquired a new stake in shares of Tyler Technologies in the 1st quarter valued at approximately $49,000. Aaron Wealth Advisors LLC acquired a new stake in shares of Tyler Technologies in the 1st quarter valued at approximately $51,000. Finally, Confluence Wealth Services Inc. acquired a new stake in shares of Tyler Technologies in the 4th quarter valued at approximately $58,000. 90.14% of the stock is owned by institutional investors.
A number of research firms have recently commented on TYL. TheStreet downgraded Tyler Technologies from a “b-” rating to a “c+” rating in a report on Wednesday, April 27th. DA Davidson upgraded Tyler Technologies from a “neutral” rating to a “buy” rating and set a $440.00 price objective on the stock in a report on Thursday, May 26th. They noted that the move was a valuation call. Credit Suisse Group began coverage on Tyler Technologies in a report on Monday, May 9th. They issued a “neutral” rating and a $408.00 price objective on the stock. Barclays initiated coverage on Tyler Technologies in a report on Monday, March 14th. They issued an “equal weight” rating and a $445.00 price objective on the stock. Finally, Wells Fargo & Company raised Tyler Technologies from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $425.00 to $435.00 in a research report on Tuesday, June 7th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $516.92.
Tyler Technologies Company Profile (Get Rating)
Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. The company operates in three segments: Enterprise Software; Appraisal and Tax; and NIC. It offers financial management solutions, including modular fund accounting systems for government agencies or not-for-profit entities; utility billing systems for the billing and collection of metered and non-metered services; products to automate city and county functions, such as municipal courts, parking tickets, equipment and project costing, animal and business licenses, permits and inspections, code enforcement, citizen complaint tracking, ambulance billing, fleet maintenance, and cemetery records management; and student information and transportation solutions for K-12 schools.
Featured Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Tyler Technologies, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Tyler Technologies wasn’t on the list.
While Tyler Technologies currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here
Complete the form below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter:
Today’s interview is a little different, in that you get a LOT of market perspective from someone who’s been analyzing stocks from the ground up, for more than three decades. In this conversation, Kate chats with Nancy Zambell, the chief analyst for the Cabot Money Club Letter – and Nancy has a really deep and varied background in the financial industry – as she mentions in this interview, she’s been a banker, real estate professional, and a stock market analyst.
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.
As Featured By:
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer.

source

Related Articles