Tyler Technologies Inc. (NYSE:TYL) Director Luther King, Jr. sold 15,000 shares of the business’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $148.13, for a total transaction of $2,221,950.00. Following the sale, the director now owns 72,864 shares of the company’s stock, valued at approximately $10,793,344.32. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Tyler Technologies Inc. (NYSE:TYL) opened at 149.67 on Wednesday. The company has a 50 day moving average of $164.96 and a 200-day moving average of $160.98. The stock has a market capitalization of $5.48 billion, a P/E ratio of 86.31 and a beta of 1.15. Tyler Technologies Inc. has a one year low of $118.16 and a one year high of $184.01.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.90 by $0.04. The business earned $197.80 million during the quarter, compared to analyst estimates of $50.33 million. Tyler Technologies had a return on equity of 12.34% and a net margin of 9.26%. The company’s revenue for the quarter was up 31.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 earnings per share. Equities research analysts predict that Tyler Technologies Inc. will post $3.50 earnings per share for the current fiscal year.

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

A number of institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC increased its position in shares of Tyler Technologies by 0.4% in the second quarter. Hsbc Holdings PLC now owns 3,536 shares of the company’s stock valued at $591,000 after buying an additional 13 shares during the last quarter. Boys Arnold & Co. Inc. increased its position in shares of Tyler Technologies by 0.4% in the third quarter. Boys Arnold & Co. Inc. now owns 3,013 shares of the company’s stock valued at $516,000 after buying an additional 13 shares during the last quarter. Commerce Bank increased its position in shares of Tyler Technologies by 0.4% in the second quarter. Commerce Bank now owns 6,115 shares of the company’s stock valued at $1,020,000 after buying an additional 25 shares during the last quarter. Capstone Asset Management Co. increased its position in shares of Tyler Technologies by 0.9% in the third quarter. Capstone Asset Management Co. now owns 3,760 shares of the company’s stock valued at $644,000 after buying an additional 32 shares during the last quarter. Finally, Creative Planning increased its position in shares of Tyler Technologies by 5.1% in the third quarter. Creative Planning now owns 683 shares of the company’s stock valued at $117,000 after buying an additional 33 shares during the last quarter. 89.86% of the stock is owned by institutional investors and hedge funds.

TYL has been the subject of several recent analyst reports. Pacific Crest reiterated a “buy” rating on shares of Tyler Technologies in a research note on Sunday, October 30th. B. Riley reiterated a “buy” rating and issued a $174.00 target price on shares of Tyler Technologies in a research note on Saturday, October 29th. Maxim Group upped their target price on shares of Tyler Technologies from $206.00 to $213.00 and gave the stock a “buy” rating in a research note on Tuesday, October 25th. Zacks Investment Research lowered shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, September 29th. Finally, KeyCorp upped their target price on shares of Tyler Technologies from $176.00 to $178.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 13th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $177.94.

About Tyler Technologies

Tyler Technologies, Inc is a provider of information management solutions and services for the public sector, with a focus on local governments. The Company provides professional information technology (IT) services to its clients, including software and hardware installation, data conversion, training and product modifications.

5 Day Chart for NYSE:TYL

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