Insider Selling: Tyler Technologies Inc. (TYL) CFO Sells 5,000 Shares of Stock
Tyler Technologies Inc. (NYSE:TYL) CFO Brian K. Miller sold 5,000 shares of the business’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $155.36, for a total value of $776,800.00. Following the sale, the chief financial officer now owns 47,775 shares in the company, valued at approximately $7,422,324. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Tyler Technologies Inc. (NYSE:TYL) traded down 0.58% during trading on Monday, hitting $154.63. The company’s stock had a trading volume of 104,817 shares. Tyler Technologies Inc. has a one year low of $118.16 and a one year high of $184.01. The company has a 50-day moving average price of $162.46 and a 200-day moving average price of $161.31. The stock has a market cap of $5.66 billion, a PE ratio of 89.18 and a beta of 1.15.
Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.94 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $197.80 million for the quarter, compared to analyst estimates of $50.33 million. During the same quarter in the previous year, the company earned $0.71 EPS. The firm’s revenue for the quarter was up 31.2% compared to the same quarter last year. Equities analysts predict that Tyler Technologies Inc. will post $3.50 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of the stock. Hsbc Holdings PLC increased its stake in Tyler Technologies by 0.4% in the second quarter. Hsbc Holdings PLC now owns 3,536 shares of the company’s stock worth $591,000 after buying an additional 13 shares during the last quarter. Boys Arnold & Co. Inc. increased its stake in Tyler Technologies by 0.4% in the third quarter. Boys Arnold & Co. Inc. now owns 3,013 shares of the company’s stock worth $516,000 after buying an additional 13 shares during the last quarter. Commerce Bank increased its stake in Tyler Technologies by 0.4% in the second quarter. Commerce Bank now owns 6,115 shares of the company’s stock worth $1,020,000 after buying an additional 25 shares during the last quarter. Capstone Asset Management Co. increased its stake in Tyler Technologies by 0.9% in the third quarter. Capstone Asset Management Co. now owns 3,760 shares of the company’s stock worth $644,000 after buying an additional 32 shares during the last quarter. Finally, Creative Planning increased its stake in Tyler Technologies by 5.1% in the third quarter. Creative Planning now owns 683 shares of the company’s stock worth $117,000 after buying an additional 33 shares during the last quarter. Institutional investors own 89.49% of the company’s stock.
Several analysts have weighed in on TYL shares. Maxim Group boosted their price target on Tyler Technologies from $196.00 to $206.00 and gave the company a “buy” rating in a research note on Thursday, July 28th. Pacific Crest reiterated a “buy” rating and set a $178.00 price target (up previously from $176.00) on shares of Tyler Technologies in a research note on Tuesday, September 13th. 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. B. Riley reiterated a “buy” rating and set a $176.00 price target on shares of Tyler Technologies in a research note on Wednesday, August 3rd. Finally, Benchmark Co. boosted their price objective on Tyler Technologies from $160.00 to $190.00 and gave the company a “buy” rating in a report on Friday, July 29th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price 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.
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