Tyler Technologies, Inc. (NYSE:TYL) Director Sells $614,148.36 in Stock
Tyler Technologies, Inc. (NYSE:TYL) Director Larry D. Leinweber sold 3,612 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $170.03, for a total transaction of $614,148.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Tyler Technologies, Inc. (NYSE:TYL) traded up 2.22% on Monday, hitting $173.29. 169,288 shares of the stock traded hands. The stock has a market cap of $6.46 billion, a P/E ratio of 51.91 and a beta of 0.95. The stock has a 50-day moving average price of $173.53 and a 200 day moving average price of $163.05. Tyler Technologies, Inc. has a 12-month low of $139.61 and a 12-month high of $182.49.
Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.91 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.94 by $0.03. The firm had revenue of $209.12 million for the quarter, compared to analyst estimates of $210.67 million. Tyler Technologies had a net margin of 14.73% and a return on equity of 13.02%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.86 EPS. On average, equities analysts expect that Tyler Technologies, Inc. will post $3.87 EPS for the current fiscal year.
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Several research analysts have recently issued reports on the stock. B. Riley reiterated a “buy” rating and issued a $184.00 price objective on shares of Tyler Technologies in a report on Sunday, May 14th. Maxim Group reiterated a “buy” rating and issued a $197.00 price objective on shares of Tyler Technologies in a report on Thursday, April 27th. BidaskClub cut shares of Tyler Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, Zacks Investment Research cut shares of Tyler Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $187.17.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Assetmark Inc. boosted its position in shares of Tyler Technologies by 15.1% in the first quarter. Assetmark Inc. now owns 761 shares of the technology company’s stock worth $118,000 after buying an additional 100 shares in the last quarter. YHB Investment Advisors Inc. purchased a new position in shares of Tyler Technologies during the second quarter worth about $209,000. Lakeview Capital Partners LLC purchased a new position in shares of Tyler Technologies during the second quarter worth about $211,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Tyler Technologies by 32.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,298 shares of the technology company’s stock worth $201,000 after buying an additional 317 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its position in shares of Tyler Technologies by 13.3% in the second quarter. D.A. Davidson & CO. now owns 1,391 shares of the technology company’s stock worth $244,000 after buying an additional 163 shares in the last quarter. Hedge funds and other institutional investors own 90.01% of the company’s stock.
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 operates through two segments: Enterprise Software (ES) segment and The Appraisal and Tax (A&T) segment. ES segment provides municipal and county governments and schools with software systems and services for information technology and automation needs that includes back-office functions, such as financial management, courts and justice processes, public safety, planning regulatory and maintenance, and land and vital records management.
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