Brian K. Miller Sells 1,240 Shares of Tyler Technologies, Inc. (TYL) Stock
Tyler Technologies, Inc. (NYSE:TYL) VP Brian K. Miller sold 1,240 shares of the company’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $174.50, for a total value of $216,380.00. Following the completion of the sale, the vice president now owns 47,989 shares of the company’s stock, valued at $8,374,080.50. The transaction was disclosed in a filing with the SEC, which is available through this link.
Shares of Tyler Technologies, Inc. (NYSE TYL) traded down 1.08% during midday trading on Friday, reaching $169.18. The company’s stock had a trading volume of 42,505 shares. Tyler Technologies, Inc. has a 12-month low of $139.61 and a 12-month high of $175.77. The firm has a market capitalization of $6.27 billion, a P/E ratio of 53.18 and a beta of 1.00. The stock has a 50-day moving average of $167.36 and a 200 day moving average of $155.11.
Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, April 26th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01. Tyler Technologies had a net margin of 11.83% and a return on equity of 13.50%. The firm had revenue of $199.54 million during the quarter, compared to the consensus estimate of $199.76 million. During the same period in the previous year, the firm earned $0.81 earnings per share. Tyler Technologies’s revenue was up 11.3% compared to the same quarter last year. Equities research analysts predict that Tyler Technologies, Inc. will post $3.88 EPS for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in TYL. Assetmark Inc. increased its stake in Tyler Technologies by 15.1% in the first quarter. Assetmark Inc. now owns 761 shares of the technology company’s stock worth $118,000 after buying an additional 100 shares during the last quarter. Massmutual Trust Co. FSB ADV bought a new stake in Tyler Technologies during the fourth quarter worth about $186,000. New England Research & Management Inc. bought a new stake in Tyler Technologies during the first quarter worth about $201,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Tyler Technologies by 32.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,298 shares of the technology company’s stock worth $201,000 after buying an additional 317 shares during the last quarter. Finally, Capital Analysts LLC increased its stake in Tyler Technologies by 27.3% in the fourth quarter. Capital Analysts LLC now owns 1,470 shares of the technology company’s stock worth $210,000 after buying an additional 315 shares during the last quarter. Hedge funds and other institutional investors own 86.37% of the company’s stock.
Several equities research analysts have recently commented on the company. B. Riley restated a “buy” rating and issued a $184.00 price objective on shares of Tyler Technologies in a research note on Wednesday, May 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $185.00 price target on shares of Tyler Technologies in a research note on Thursday, February 9th. Maxim Group reiterated a “buy” rating and issued a $197.00 price target on shares of Tyler Technologies in a research note on Thursday, April 27th. Finally, Zacks Investment Research upgraded Tyler Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, April 13th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $184.60.
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 operates through two segments: Enterprise Software (ES) segment and The Appraisal and Tax (A&T) segment. ES segment provides municipal and county governments and schools with software systems and services for information technology and automation needs that includes back-office functions, such as financial management, courts and justice processes, public safety, planning regulatory and maintenance, and land and vital records management.
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