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.

Insider Buying and Selling by Quarter for Tyler Technologies (NYSE:TYL)

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