H Lynn Moore, Jr. Sells 8,968 Shares of Tyler Technologies Inc. (TYL) Stock
Tyler Technologies Inc. (NYSE:TYL) VP H Lynn Moore, Jr. sold 8,968 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $169.23, for a total value of $1,517,654.64. Following the transaction, the vice president now directly owns 71,683 shares of the company’s stock, valued at approximately $12,130,914.09. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Tyler Technologies Inc. (NYSE:TYL) opened at 173.14 on Thursday. The company has a market cap of $6.29 billion, a PE ratio of 100.90 and a beta of 1.20. The company has a 50-day moving average price of $166.05 and a 200-day moving average price of $152.18. Tyler Technologies Inc. has a 1-year low of $118.16 and a 1-year high of $184.01.
Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, July 27th. The company reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.03. The business earned $188.97 million during the quarter, compared to the consensus estimate of $192.12 million. Tyler Technologies had a return on equity of 13.07% and a net margin of 9.54%. The firm’s revenue for the quarter was up 29.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 earnings per share. Equities research analysts expect that Tyler Technologies Inc. will post $3.48 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of the company. Tiverton Asset Management LLC increased its stake in shares of Tyler Technologies by 9.7% in the first quarter. Tiverton Asset Management LLC now owns 82,248 shares of the company’s stock worth $10,578,000 after buying an additional 7,248 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Tyler Technologies during the first quarter worth approximately $832,000. State Street Corp boosted its stake in shares of Tyler Technologies by 1.6% in the first quarter. State Street Corp now owns 1,073,305 shares of the company’s stock worth $138,031,000 after buying an additional 16,894 shares during the period. Huntington Asset Advisors Inc. purchased a new stake in shares of Tyler Technologies during the first quarter worth approximately $386,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Tyler Technologies by 96.5% in the first quarter. JPMorgan Chase & Co. now owns 384,327 shares of the company’s stock worth $49,429,000 after buying an additional 188,696 shares during the period. Institutional investors and hedge funds own 90.95% of the company’s stock.
A number of equities analysts have weighed in on the company. B. Riley reaffirmed a “buy” rating and set a $176.00 price target on shares of Tyler Technologies in a research report on Friday, July 29th. Pacific Crest reaffirmed a “buy” rating and set a $178.00 price target (up previously from $176.00) on shares of Tyler Technologies in a research report on Tuesday, September 13th. Zacks Investment Research raised Tyler Technologies from a “hold” rating to a “buy” rating and set a $180.00 price target for the company in a research report on Thursday, August 4th. Evercore ISI raised Tyler Technologies from a “hold” rating to a “buy” rating and set a $184.00 price target for the company in a research report on Monday, June 27th. Finally, JMP Securities upped their price target on Tyler Technologies from $160.00 to $170.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 28th. One investment analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $179.16.
Tyler Technologies Company Profile
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.
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