Tyler Technologies, Inc. (TYL) CFO Sells $1,103,830.00 in Stock
Tyler Technologies, Inc. (NYSE:TYL) CFO Brian K. Miller sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $157.69, for a total value of $1,103,830.00. Following the sale, the chief financial officer now owns 54,151 shares in the company, valued at approximately $8,539,071.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Tyler Technologies, Inc. (NYSE:TYL) opened at 156.25 on Tuesday. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 55.41 and a beta of 1.00. The stock’s 50 day moving average price is $152.90 and its 200 day moving average price is $156.31. Tyler Technologies, Inc. has a 12-month low of $120.33 and a 12-month high of $175.77.
Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, February 8th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.02. The company had revenue of $195.10 million for the quarter, compared to the consensus estimate of $197.78 million. Tyler Technologies had a return on equity of 13.50% and a net margin of 11.83%. The firm’s revenue was up 21.6% compared to the same quarter last year. During the same period last year, the business posted $0.59 earnings per share. On average, equities research analysts anticipate that Tyler Technologies, Inc. will post $3.88 earnings per share for the current fiscal year.
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Several brokerages have issued reports on TYL. B. Riley restated a “buy” rating and set a $184.00 price objective on shares of Tyler Technologies in a research note on Friday, February 10th. Zacks Investment Research cut Tyler Technologies from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 18th. Needham & Company LLC restated a “buy” rating and set a $185.00 price objective on shares of Tyler Technologies in a research note on Thursday, December 15th. Finally, Maxim Group cut their price objective on Tyler Technologies from $210.00 to $197.00 and set a “buy” rating on the stock in a research note on Thursday, February 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $177.83.
Several large investors have recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Tyler Technologies during the fourth quarter valued at about $52,677,000. Numeric Investors LLC acquired a new stake in shares of Tyler Technologies during the fourth quarter valued at about $357,000. Stockbridge Partners LLC increased its stake in shares of Tyler Technologies by 237.0% in the fourth quarter. Stockbridge Partners LLC now owns 704,764 shares of the company’s stock valued at $100,619,000 after buying an additional 495,628 shares in the last quarter. Denver Investment Advisors LLC acquired a new stake in shares of Tyler Technologies during the fourth quarter valued at about $647,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Tyler Technologies by 1,373.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,887 shares of the company’s stock valued at $414,000 after buying an additional 2,691 shares in the last quarter. 86.37% of the stock is currently owned by institutional investors.
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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