Tyler Technologies, Inc. (TYL) CEO John S. Marr, Jr. Sells 11,373 Shares
Tyler Technologies, Inc. (NYSE:TYL) CEO John S. Marr, Jr. sold 11,373 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $170.20, for a total transaction of $1,935,684.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Tyler Technologies, Inc. (NYSE:TYL) traded down 0.062% during trading on Tuesday, reaching $168.935. 138,558 shares of the company traded hands. Tyler Technologies, Inc. has a 12-month low of $139.61 and a 12-month high of $182.49. The company has a 50 day moving average price of $172.62 and a 200 day moving average price of $164.75. The firm has a market capitalization of $6.30 billion, a price-to-earnings ratio of 50.610 and a beta of 0.95.
Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by $0.03. Tyler Technologies had a return on equity of 13.02% and a net margin of 14.73%. The business had revenue of $209.12 million during the quarter, compared to analysts’ expectations of $210.67 million. During the same period in the previous year, the business earned $0.86 EPS. The business’s revenue was up 10.7% compared to the same quarter last year. On average, equities analysts predict that Tyler Technologies, Inc. will post $3.87 EPS for the current year.
TYL has been the topic of a number of recent analyst reports. B. Riley restated a “buy” rating and issued a $184.00 price target on shares of Tyler Technologies in a research report on Tuesday, May 9th. BidaskClub upgraded shares of Tyler Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research upgraded shares of Tyler Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Piper Jaffray Companies reiterated a “buy” rating and set a $200.00 target price on shares of Tyler Technologies in a research report on Sunday. Finally, Maxim Group set a $197.00 target price on shares of Tyler Technologies and gave the stock a “buy” rating in a research report on Monday, July 17th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $189.00.
A number of hedge funds have recently made changes to their positions in the company. Teachers Advisors LLC raised 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 last quarter. Capstone Asset Management Co. raised its position 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 valued at $501,000 after buying an additional 180 shares in the last quarter. Retirement Systems of Alabama raised its position 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 valued at $6,687,000 after buying an additional 226 shares in the last quarter. Profund Advisors LLC raised its position 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 valued at $729,000 after buying an additional 259 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in shares of Tyler Technologies by 1.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 11,811 shares of the technology company’s stock valued at $1,826,000 after buying an additional 200 shares in the last quarter. 91.00% of the stock is owned by institutional investors.
About Tyler Technologies
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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