Tyler Technologies Inc. (TYL) EVP H Lynn Moore, Jr. Sells 15,016 Shares
Tyler Technologies Inc. (NYSE:TYL) EVP H Lynn Moore, Jr. sold 15,016 shares of the stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $149.55, for a total value of $2,245,642.80. Following the transaction, the executive vice president now directly owns 71,768 shares in the company, valued at approximately $10,732,904.40. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Tyler Technologies Inc. (NYSE:TYL) traded up 0.811% during trading on Thursday, reaching $153.575. The company had a trading volume of 102,663 shares. The firm has a 50-day moving average of $163.12 and a 200-day moving average of $161.25. Tyler Technologies Inc. has a 12-month low of $118.16 and a 12-month high of $184.01. The company has a market cap of $5.62 billion, a P/E ratio of 88.567 and a beta of 1.15.
Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $0.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.04. The business had revenue of $197.80 million for 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%. Tyler Technologies’s quarterly revenue was up 31.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.71 EPS. On average, equities research analysts anticipate that Tyler Technologies Inc. will post $3.50 EPS for the current year.
A number of hedge funds have recently made changes to their positions in the stock. Strs Ohio raised its stake in shares of Tyler Technologies by 46.1% in the second quarter. Strs Ohio now owns 176,100 shares of the company’s stock valued at $29,357,000 after buying an additional 55,600 shares in the last quarter. Personal Capital Advisors Corp boosted its stake in shares of Tyler Technologies by 14.2% in the second quarter. Personal Capital Advisors Corp now owns 72,346 shares of the company’s stock worth $12,061,000 after buying an additional 8,987 shares during the period. Kalmar Investments Inc. DE bought a new stake in shares of Tyler Technologies during the second quarter worth approximately $24,270,000. Bainco International Investors boosted its stake in shares of Tyler Technologies by 0.9% in the second quarter. Bainco International Investors now owns 110,953 shares of the company’s stock worth $18,497,000 after buying an additional 1,000 shares during the period. Finally, Capital Fund Management S.A. boosted its stake in shares of Tyler Technologies by 27.8% in the second quarter. Capital Fund Management S.A. now owns 2,630 shares of the company’s stock worth $438,000 after buying an additional 572 shares during the period. 89.86% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on the company. Maxim Group increased their target price on Tyler Technologies from $196.00 to $206.00 and gave the stock a “buy” rating in a research note on Thursday, July 28th. Pacific Crest reissued a “buy” rating on shares of Tyler Technologies in a research note on Sunday, October 30th. B. Riley reissued a “buy” rating and set a $176.00 target price on shares of Tyler Technologies in a research note on Wednesday, August 3rd. KeyCorp raised their price target on Tyler Technologies from $176.00 to $178.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 13th. Finally, Zacks Investment Research upgraded Tyler Technologies from a “hold” rating to a “buy” rating and set a $180.00 price target on the stock in a research note on Thursday, August 4th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $177.94.
Tyler Technologies Company Profile
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.
Receive News & Stock Ratings for Tyler Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyler Technologies Inc. and related stocks with our FREE daily email newsletter.