Insider Selling: Tyler Technologies, Inc. (NYSE:TYL) Director Sells 400 Shares of Stock – MarketBeat
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Tyler Technologies, Inc. (NYSE:TYL – Get Rating) Director Glenn A. Carter sold 400 shares of the stock in a transaction that occurred on Friday, December 2nd. The stock was sold at an average price of $343.49, for a total value of $137,396.00. Following the completion of the transaction, the director now directly owns 1,287 shares in the company, valued at approximately $442,071.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Tyler Technologies Stock Down 3.3 %
Tyler Technologies stock traded down $10.71 during mid-day trading on Tuesday, reaching $312.80. 8,158 shares of the company were exchanged, compared to its average volume of 347,648. The business has a fifty day moving average of $329.99 and a 200 day moving average of $350.41. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $13.02 billion, a P/E ratio of 73.03 and a beta of 0.84. Tyler Technologies, Inc. has a 12-month low of $281.11 and a 12-month high of $544.04.
Institutional Trading of Tyler Technologies
Several hedge funds and other institutional investors have recently made changes to their positions in TYL. Private Trust Co. NA purchased a new stake in shares of Tyler Technologies during the 2nd quarter valued at $32,000. Logan Capital Management Inc. lifted its holdings in shares of Tyler Technologies by 2,360.0% during the 3rd quarter. Logan Capital Management Inc. now owns 123 shares of the technology company’s stock valued at $43,000 after purchasing an additional 118 shares during the last quarter. Standard Family Office LLC purchased a new stake in shares of Tyler Technologies during the 1st quarter valued at $49,000. Aaron Wealth Advisors LLC purchased a new stake in shares of Tyler Technologies during the 1st quarter valued at $51,000. Finally, Ronald Blue Trust Inc. acquired a new position in shares of Tyler Technologies in the 2nd quarter valued at $54,000. Hedge funds and other institutional investors own 89.42% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have weighed in on TYL shares. Credit Suisse Group upped their target price on Tyler Technologies from $403.00 to $408.00 and gave the stock a “neutral” rating in a report on Wednesday, November 2nd. BTIG Research dropped their target price on shares of Tyler Technologies from $585.00 to $500.00 in a report on Friday, October 28th. Wells Fargo & Company reduced their price target on shares of Tyler Technologies from $460.00 to $440.00 and set an “overweight” rating for the company in a report on Friday, October 28th. Truist Financial dropped their price objective on shares of Tyler Technologies from $500.00 to $475.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Finally, DA Davidson cut their price objective on shares of Tyler Technologies from $460.00 to $420.00 in a report on Monday, October 17th. Four investment analysts have rated the stock with a hold rating and seven 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 $446.08.
About Tyler Technologies
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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.
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