Tyler Technologies Inc. (TYL) CFO Sells $1,121,969.85 in Stock
Tyler Technologies Inc. (NYSE:TYL) CFO Brian K. Miller sold 6,485 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $173.01, for a total transaction of $1,121,969.85. Following the completion of the transaction, the chief financial officer now directly owns 52,775 shares of the company’s stock, valued at approximately $9,130,602.75. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Tyler Technologies Inc. (NYSE:TYL) opened at 175.47 on Friday. The firm has a 50-day moving average of $166.48 and a 200 day moving average of $152.35. The company has a market capitalization of $6.38 billion, a price-to-earnings ratio of 102.26 and a beta of 1.20. Tyler Technologies Inc. has a one year low of $118.16 and a one year high of $184.01.
Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, July 27th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.03. Tyler Technologies had a net margin of 9.54% and a return on equity of 13.07%. The firm earned $188.97 million during the quarter, compared to analyst estimates of $192.12 million. During the same period last year, the firm posted $0.65 earnings per share. Tyler Technologies’s revenue for the quarter was up 29.2% compared to the same quarter last year. Equities research analysts predict that Tyler Technologies Inc. will post $3.48 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Hsbc Holdings PLC raised its position in Tyler Technologies by 0.4% in the second quarter. Hsbc Holdings PLC now owns 3,536 shares of the company’s stock worth $591,000 after buying an additional 13 shares during the period. Commerce Bank raised its position in Tyler Technologies by 0.4% in the second quarter. Commerce Bank now owns 6,115 shares of the company’s stock worth $1,020,000 after buying an additional 25 shares during the period. Eqis Capital Management Inc. raised its position in Tyler Technologies by 0.7% in the second quarter. Eqis Capital Management Inc. now owns 6,351 shares of the company’s stock worth $1,059,000 after buying an additional 42 shares during the period. 1st Global Advisors Inc. raised its position in Tyler Technologies by 1.8% in the second quarter. 1st Global Advisors Inc. now owns 7,854 shares of the company’s stock worth $1,309,000 after buying an additional 139 shares during the period. Finally, Grandeur Peak Global Advisors LLC raised its position in Tyler Technologies by 20.0% in the second quarter. Grandeur Peak Global Advisors LLC now owns 900 shares of the company’s stock worth $150,000 after buying an additional 150 shares during the period. 90.95% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently weighed in on TYL. B. Riley restated a “buy” rating and issued a $176.00 price objective on shares of Tyler Technologies in a report on Friday, July 29th. Pacific Crest restated a “buy” rating and issued a $178.00 price objective (up from $176.00) on shares of Tyler Technologies in a report on Tuesday, September 13th. Zacks Investment Research upgraded shares of Tyler Technologies from a “hold” rating to a “buy” rating and set a $180.00 price objective for the company in a report on Thursday, August 4th. Evercore ISI upgraded shares of Tyler Technologies from a “hold” rating to a “buy” rating and set a $184.00 price objective for the company in a report on Monday, June 27th. Finally, JMP Securities boosted their price objective on shares of Tyler Technologies from $160.00 to $170.00 and gave the stock a “market outperform” rating in a report on Thursday, July 28th. One equities research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price 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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