Tyler Technologies, Inc. (TYL) Chairman John S. Marr, Jr. Sells 12,357 Shares
Tyler Technologies, Inc. (NYSE:TYL) Chairman John S. Marr, Jr. sold 12,357 shares of Tyler Technologies stock in a transaction that occurred on Wednesday, June 13th. The shares were sold at an average price of $235.73, for a total transaction of $2,912,915.61. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of NYSE TYL opened at $236.67 on Monday. Tyler Technologies, Inc. has a twelve month low of $165.14 and a twelve month high of $237.80. The company has a market capitalization of $9.06 billion, a P/E ratio of 74.42, a PEG ratio of 6.22 and a beta of 0.90.
Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, May 2nd. The technology company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.01. Tyler Technologies had a net margin of 19.65% and a return on equity of 12.17%. The company had revenue of $221.20 million during the quarter, compared to analyst estimates of $219.37 million. During the same period in the previous year, the business earned $0.91 EPS. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. analysts anticipate that Tyler Technologies, Inc. will post 3.81 earnings per share for the current year.
Several equities analysts have recently issued reports on the stock. Northland Securities reiterated an “outperform” rating and set a $240.00 target price (up from $200.00) on shares of Tyler Technologies in a report on Tuesday, April 24th. Needham & Company LLC lifted their target price on shares of Tyler Technologies from $235.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, April 24th. Zacks Investment Research lowered shares of Tyler Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, May 9th. Piper Jaffray Companies reiterated a “buy” rating and set a $245.00 target price on shares of Tyler Technologies in a report on Monday, April 23rd. Finally, Maxim Group reiterated a “hold” rating on shares of Tyler Technologies in a report on Monday, April 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $221.08.
About Tyler Technologies
Tyler Technologies, Inc provides integrated information management solutions and services for the public sector in the United States and internationally. It operates through two segments, Enterprise Software, and Appraisal and Tax. The company's financial management solutions include modular fund accounting systems for government agencies or not-for-profit entities; and utility billing systems for the billing and collection of metered and non-metered services.
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