Tyler Technologies, Inc. (TYL) CEO John S. Marr, Jr. Sells 18,000 Shares
Tyler Technologies, Inc. (NYSE:TYL) CEO John S. Marr, Jr. sold 18,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $170.30, for a total value of $3,065,400.00. Following the completion of the transaction, the chief executive officer now owns 339,457 shares in the company, valued at approximately $57,809,527.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Tyler Technologies, Inc. (NYSE TYL) traded up 0.18% during mid-day trading on Friday, reaching $170.27. The company had a trading volume of 156,428 shares. Tyler Technologies, Inc. has a 52-week low of $139.61 and a 52-week high of $182.49. The company’s 50-day moving average price is $172.62 and its 200-day moving average price is $164.75. The company has a market capitalization of $6.35 billion, a PE ratio of 51.01 and a beta of 0.95.
Tyler Technologies (NYSE:TYL) last posted 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 business had revenue of $209.12 million during the quarter, compared to the consensus estimate of $210.67 million. Tyler Technologies had a net margin of 14.73% and a return on equity of 13.02%. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.86 EPS. On average, analysts forecast that Tyler Technologies, Inc. will post $3.87 earnings per share for the current fiscal year.
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Hedge funds have recently bought and sold shares of the stock. Teachers Advisors LLC increased its stake in shares of Tyler Technologies by 2.9% in the fourth quarter. Teachers Advisors LLC now owns 46,469 shares of the technology company’s stock worth $6,634,000 after buying an additional 1,305 shares during the period. Bank of Montreal Can increased its stake in shares of Tyler Technologies by 19.1% in the first quarter. Bank of Montreal Can now owns 60,705 shares of the technology company’s stock worth $9,382,000 after buying an additional 9,725 shares during the period. Capstone Asset Management Co. increased its stake in shares of Tyler Technologies by 5.9% in the first quarter. Capstone Asset Management Co. now owns 3,240 shares of the technology company’s stock worth $501,000 after buying an additional 180 shares during the period. Retirement Systems of Alabama increased its stake in shares of Tyler Technologies by 0.5% in the first quarter. Retirement Systems of Alabama now owns 43,266 shares of the technology company’s stock worth $6,687,000 after buying an additional 226 shares during the period. Finally, Profund Advisors LLC increased its stake in shares of Tyler Technologies by 5.8% in the first quarter. Profund Advisors LLC now owns 4,716 shares of the technology company’s stock worth $729,000 after buying an additional 259 shares during the period. 90.01% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently commented on TYL. B. Riley reiterated a “buy” rating and issued a $184.00 price target on shares of Tyler Technologies in a research note on Sunday, May 14th. BidaskClub cut Tyler Technologies from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research cut Tyler Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, Maxim Group set a $197.00 price target on Tyler Technologies and gave the stock a “buy” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $187.17.
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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