Brian K. Miller Sells 12,000 Shares of Tyler Technologies, Inc. (TYL) Stock
Tyler Technologies, Inc. (NYSE:TYL) CFO Brian K. Miller sold 12,000 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $179.75, for a total value of $2,157,000.00. Following the completion of the sale, the chief financial officer now directly owns 56,694 shares of the company’s stock, valued at approximately $10,190,746.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Tyler Technologies, Inc. (NYSE:TYL) opened at $179.11 on Thursday. The company has a market capitalization of $6,832.14, a P/E ratio of 55.78 and a beta of 0.97. Tyler Technologies, Inc. has a 52-week low of $142.21 and a 52-week high of $188.21.
Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, October 25th. The technology company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. The business had revenue of $214.15 million during the quarter, compared to analyst estimates of $216.80 million. Tyler Technologies had a return on equity of 12.81% and a net margin of 16.34%. Tyler Technologies’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.94 EPS. equities analysts predict that Tyler Technologies, Inc. will post 3.28 earnings per share for the current year.
TYL has been the subject of a number of 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 reaffirmed a “buy” rating and set a $200.00 price target on shares of Tyler Technologies in a research report on Friday, October 27th. B. Riley lowered Tyler Technologies from a “buy” rating to a “neutral” rating and set a $184.00 price target for the company. in a research report on Friday, October 27th. Zacks Investment Research raised Tyler Technologies from a “hold” rating to a “buy” rating and set a $198.00 price target for the company in a research report on Wednesday, November 1st. Finally, Citigroup initiated coverage on Tyler Technologies in a research report on Friday, September 22nd. They set a “buy” rating and a $200.00 price target for the company. Two research 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 company’s stock. Tyler Technologies presently has a consensus rating of “Buy” and a consensus price target of $193.00.
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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