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.

Several large investors have recently made changes to their positions in TYL. Schwab Charles Investment Management Inc. raised its position in shares of Tyler Technologies by 4.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 98,579 shares of the technology company’s stock worth $17,318,000 after acquiring an additional 4,508 shares in the last quarter. First Trust Advisors LP bought a new position in shares of Tyler Technologies in the 2nd quarter worth approximately $776,000. Teacher Retirement System of Texas raised its position in shares of Tyler Technologies by 1.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 2,789 shares of the technology company’s stock worth $490,000 after acquiring an additional 47 shares in the last quarter. Rhumbline Advisers raised its position in shares of Tyler Technologies by 2.3% in the 2nd quarter. Rhumbline Advisers now owns 75,855 shares of the technology company’s stock worth $13,325,000 after acquiring an additional 1,722 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Tyler Technologies by 56.0% in the 2nd quarter. SG Americas Securities LLC now owns 12,411 shares of the technology company’s stock worth $2,180,000 after acquiring an additional 4,453 shares in the last quarter. 91.75% of the stock is owned by hedge funds and other institutional investors.

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.

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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.

Insider Buying and Selling by Quarter for Tyler Technologies (NYSE:TYL)

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