Tyler Technologies, Inc. (NYSE:TYL) Director Larry D. Leinweber sold 36,000 shares of Tyler Technologies stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $171.23, for a total value of $6,164,280.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of Tyler Technologies, Inc. (TYL) opened at 169.71 on Friday. Tyler Technologies, Inc. has a 12-month low of $139.61 and a 12-month high of $182.49. The stock has a market capitalization of $6.33 billion, a P/E ratio of 50.84 and a beta of 0.95. The stock has a 50 day moving average price of $171.42 and a 200 day moving average price of $165.80.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.91 EPS for the quarter, missing the consensus estimate of $0.94 by $0.03. Tyler Technologies had a return on equity of 13.02% and a net margin of 14.73%. The company had revenue of $209.12 million for the quarter, compared to the consensus estimate of $210.67 million. During the same period in the previous year, the business posted $0.86 EPS. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, equities analysts anticipate that Tyler Technologies, Inc. will post $3.87 earnings per share for the current fiscal year.

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Several hedge funds have recently modified their holdings of TYL. BlackRock Inc. lifted its position in shares of Tyler Technologies by 16,997.6% during the first quarter. BlackRock Inc. now owns 2,737,663 shares of the technology company’s stock worth $423,133,000 after purchasing an additional 2,721,651 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Tyler Technologies by 327.0% during the second quarter. Janus Henderson Group PLC now owns 1,865,432 shares of the technology company’s stock worth $327,700,000 after purchasing an additional 1,428,513 shares during the last quarter. Koch Industries Inc. lifted its position in shares of Tyler Technologies by 18,128.1% during the second quarter. Koch Industries Inc. now owns 401,747 shares of the technology company’s stock worth $399,000 after purchasing an additional 399,543 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Tyler Technologies by 40.2% during the second quarter. JPMorgan Chase & Co. now owns 1,027,797 shares of the technology company’s stock worth $180,554,000 after purchasing an additional 294,817 shares during the last quarter. Finally, Praesidium Investment Management Company LLC lifted its position in shares of Tyler Technologies by 143.5% during the first quarter. Praesidium Investment Management Company LLC now owns 449,263 shares of the technology company’s stock worth $69,438,000 after purchasing an additional 264,783 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have issued reports on the company. B. Riley reaffirmed a “buy” rating and set a $184.00 price target on shares of Tyler Technologies in a report on Friday, July 28th. Maxim Group set a $197.00 price target on Tyler Technologies and gave the stock a “buy” rating in a report on Thursday, July 27th. Zacks Investment Research downgraded Tyler Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 13th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $200.00 price target on shares of Tyler Technologies in a report on Sunday, August 27th. Finally, BidaskClub downgraded Tyler Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Tyler Technologies presently has a consensus rating of “Buy” and an average price target of $189.00.

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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