Insider Selling: Tyler Technologies Inc. (TYL) Director Sells 25,000 Shares of Stock
Tyler Technologies Inc. (NYSE:TYL) Director Dustin R. Womble sold 25,000 shares of Tyler Technologies stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $169.26, for a total transaction of $4,231,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Tyler Technologies Inc. (NYSE:TYL) opened at 170.98 on Tuesday. Tyler Technologies Inc. has a 52 week low of $118.16 and a 52 week high of $184.01. The firm has a 50-day moving average of $165.52 and a 200 day moving average of $151.69. The firm has a market cap of $6.21 billion, a PE ratio of 99.64 and a beta of 1.20.
Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, July 27th. The company reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.03. The company earned $188.97 million during the quarter, compared to the consensus estimate of $192.12 million. Tyler Technologies had a net margin of 9.54% and a return on equity of 13.07%. The firm’s revenue for the quarter was up 29.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.65 earnings per share. Equities research analysts predict that Tyler Technologies Inc. will post $3.48 EPS for the current fiscal year.
TYL has been the subject of a number of analyst reports. KeyCorp lifted their price objective on shares of Tyler Technologies from $176.00 to $178.00 and gave the company an “overweight” rating in a research report on Tuesday, September 13th. Benchmark Co. lifted their price objective on shares of Tyler Technologies from $160.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Needham & Company LLC reissued a “buy” rating and issued a $160.00 price objective on shares of Tyler Technologies in a research report on Friday, June 3rd. Piper Jaffray Cos. initiated coverage on shares of Tyler Technologies in a research report on Monday, July 25th. They issued an “overweight” rating and a $200.00 price objective for the company. Finally, Evercore Partners Inc. raised shares of Tyler Technologies to a “buy” rating in a research report on Monday, June 27th. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $179.16.
Hedge funds have recently made changes to their positions in the stock. Point72 Asia Hong Kong Ltd purchased a new stake in shares of Tyler Technologies during the second quarter valued at approximately $100,000. Creative Planning increased its stake in shares of Tyler Technologies by 437.2% in the second quarter. Creative Planning now owns 650 shares of the company’s stock valued at $108,000 after buying an additional 529 shares in the last quarter. Grandeur Peak Global Advisors LLC increased its stake in shares of Tyler Technologies by 20.0% in the second quarter. Grandeur Peak Global Advisors LLC now owns 900 shares of the company’s stock valued at $150,000 after buying an additional 150 shares in the last quarter. Advisor Group Inc. purchased a new stake in shares of Tyler Technologies during the second quarter valued at approximately $178,000. Finally, Miles Capital Inc. purchased a new stake in shares of Tyler Technologies during the second quarter valued at approximately $248,000. Institutional investors own 91.04% of the company’s stock.
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 provides professional information technology (IT) services to its clients, including software and hardware installation, data conversion, training and product modifications.
Receive News & Ratings for Tyler Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyler Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.