Tyler Technologies, Inc. (TYL) President H Lynn Moore, Jr. Sells 12,000 Shares
Tyler Technologies, Inc. (NYSE:TYL) President H Lynn Moore, Jr. sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $170.13, for a total transaction of $2,041,560.00. Following the sale, the president now owns 67,257 shares of the company’s stock, valued at approximately $11,442,433.41. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of Tyler Technologies, Inc. (TYL) traded down 0.21% during mid-day trading on Thursday, reaching $169.23. 22,648 shares of the company’s stock traded hands. The firm has a 50-day moving average of $171.01 and a 200 day moving average of $166.18. The company has a market cap of $6.31 billion, a P/E ratio of 50.70 and a beta of 0.95. Tyler Technologies, Inc. has a 12-month low of $139.61 and a 12-month high of $182.49.
Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.03). The company had revenue of $209.12 million for 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%. Tyler Technologies’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS. Equities analysts forecast that Tyler Technologies, Inc. will post $3.87 EPS for the current year.
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A number of analysts have recently issued reports on TYL shares. Zacks Investment Research upgraded shares of Tyler Technologies from a “hold” rating to a “strong-buy” rating and set a $201.00 target price for the company in a research note on Thursday, June 29th. Maxim Group set a $197.00 target price on shares of Tyler Technologies and gave the stock a “buy” rating in a research note on Monday, July 17th. B. Riley restated a “buy” rating and set a $184.00 target price on shares of Tyler Technologies in a research note on Friday, July 28th. BidaskClub cut shares of Tyler Technologies from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $200.00 price objective on shares of Tyler Technologies in a research note on Sunday, August 27th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Tyler Technologies presently has an average rating of “Buy” and a consensus price target of $193.40.
Institutional investors and hedge funds have recently bought and sold shares of the stock. YHB Investment Advisors Inc. purchased a new stake in Tyler Technologies during the second quarter valued at about $209,000. Lakeview Capital Partners LLC purchased a new stake in Tyler Technologies during the second quarter valued at about $211,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Tyler Technologies by 32.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,298 shares of the technology company’s stock valued at $201,000 after purchasing an additional 317 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in Tyler Technologies by 13.3% during the second quarter. D.A. Davidson & CO. now owns 1,391 shares of the technology company’s stock valued at $244,000 after purchasing an additional 163 shares during the last quarter. Finally, Fiduciary Trust Co. purchased a new stake in Tyler Technologies during the second quarter valued at about $250,000. Institutional investors own 91.00% 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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