Tyler Technologies Inc. (NYSE:TYL) Chairman John M. Yeaman sold 3,000 shares of the company’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $155.00, for a total value of $465,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of Tyler Technologies Inc. (NYSE:TYL) opened at 152.34 on Thursday. The firm has a market capitalization of $5.58 billion, a price-to-earnings ratio of 87.85 and a beta of 1.15. Tyler Technologies Inc. has a 12-month low of $118.16 and a 12-month high of $184.01. The company’s 50-day moving average price is $163.12 and its 200 day moving average price is $161.25.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, October 26th. The company reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.04. Tyler Technologies had a return on equity of 12.34% and a net margin of 9.26%. The firm earned $197.80 million during the quarter, compared to analysts’ expectations of $50.33 million. During the same period in the previous year, the firm posted $0.71 EPS. Tyler Technologies’s revenue for the quarter was up 31.2% on a year-over-year basis. On average, equities research analysts forecast that Tyler Technologies Inc. will post $3.50 EPS for the current fiscal year.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TYL. Geode Capital Management LLC boosted its position in Tyler Technologies by 5.1% in the first quarter. Geode Capital Management LLC now owns 212,497 shares of the company’s stock valued at $27,329,000 after buying an additional 10,249 shares during the last quarter. Kennedy Capital Management Inc. bought a new position in Tyler Technologies during the first quarter valued at approximately $1,113,000. Nuveen Asset Management LLC boosted its position in Tyler Technologies by 2.4% in the first quarter. Nuveen Asset Management LLC now owns 25,711 shares of the company’s stock valued at $3,307,000 after buying an additional 591 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its position in Tyler Technologies by 2.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 52,429 shares of the company’s stock valued at $6,743,000 after buying an additional 1,321 shares during the last quarter. Finally, Barclays PLC boosted its position in Tyler Technologies by 284.6% in the first quarter. Barclays PLC now owns 2,200 shares of the company’s stock valued at $282,000 after buying an additional 1,628 shares during the last quarter. 89.86% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently weighed in on TYL. Zacks Investment Research cut Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, September 29th. Pacific Crest restated a “buy” rating and set a $178.00 price objective (up from $176.00) on shares of Tyler Technologies in a research note on Tuesday, September 13th. KeyCorp upped their price objective on Tyler Technologies from $176.00 to $178.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 13th. Maxim Group upped their price objective on Tyler Technologies from $206.00 to $213.00 and gave the stock a “buy” rating in a research note on Tuesday, October 25th. Finally, Benchmark Co. upped their price objective on Tyler Technologies from $160.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price 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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