Tyler Technologies, Inc. (TYL) CEO John S. Marr, Jr. Sells 17,527 Shares
Tyler Technologies, Inc. (NYSE:TYL) CEO John S. Marr, Jr. sold 17,527 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $183.34, for a total value of $3,213,400.18. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Tyler Technologies, Inc. (TYL) traded down $0.46 during trading on Friday, reaching $183.65. The company’s stock had a trading volume of 201,891 shares, compared to its average volume of 196,259. The stock has a market cap of $6,916.67, a P/E ratio of 56.47 and a beta of 0.97. Tyler Technologies, Inc. has a twelve month low of $139.61 and a twelve month high of $188.21.
Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, October 25th. The technology company reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.03. The business had revenue of $214.15 million for the quarter, compared to the consensus estimate of $216.80 million. Tyler Technologies had a return on equity of 12.81% and a net margin of 16.34%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.94 EPS. research analysts predict that Tyler Technologies, Inc. will post 3.28 earnings per share for the current fiscal year.
TYL has been the topic of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating on shares of Tyler Technologies in a research report on Tuesday, October 24th. Piper Jaffray Companies reiterated a “buy” rating and set a $200.00 price target on shares of Tyler Technologies in a research note on Friday, October 27th. B. Riley downgraded Tyler Technologies from a “buy” rating to a “neutral” rating and set a $184.00 price target on the stock. in a research note on Friday, October 27th. Zacks Investment Research upgraded Tyler Technologies from a “hold” rating to a “buy” rating and set a $198.00 price target on the stock in a research note on Wednesday, November 1st. Finally, Citigroup started coverage on Tyler Technologies in a research note on Friday, September 22nd. They set a “buy” rating and a $200.00 price target on the stock. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $193.00.
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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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