Insider Selling: Tyler Technologies, Inc. (TYL) VP Sells $2,500,075.20 in Stock
Tyler Technologies, Inc. (NYSE:TYL) VP Brian K. Miller sold 10,360 shares of the stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $241.32, for a total transaction of $2,500,075.20. Following the completion of the sale, the vice president now owns 62,775 shares in the company, valued at $15,148,863. The transaction was disclosed in a filing with the SEC, which is available through this link.
Shares of NYSE:TYL opened at $245.43 on Friday. The firm has a market capitalization of $9.37 billion, a PE ratio of 77.18, a P/E/G ratio of 6.39 and a beta of 0.85. Tyler Technologies, Inc. has a one year low of $167.50 and a one year high of $248.25.
Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Thursday, July 26th. The technology company reported $1.18 EPS for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.05. The firm had revenue of $236.10 million for the quarter, compared to analyst estimates of $233.28 million. Tyler Technologies had a net margin of 19.91% and a return on equity of 11.70%. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 EPS. equities research analysts expect that Tyler Technologies, Inc. will post 3.79 earnings per share for the current fiscal year.
Several analysts have issued reports on TYL shares. Zacks Investment Research cut shares of Tyler Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, May 9th. Piper Jaffray Companies increased their target price on shares of Tyler Technologies from $242.00 to $260.00 and gave the stock an “overweight” rating in a research note on Monday, June 25th. Robert W. Baird reiterated a “buy” rating and issued a $260.00 target price (up from $240.00) on shares of Tyler Technologies in a research note on Friday, July 27th. Finally, B. Riley increased their price target on shares of Tyler Technologies from $200.00 to $206.00 and gave the stock a “neutral” rating in a report on Monday, July 30th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $228.58.
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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