Donald R. Brattain Sells 2,500 Shares of Tyler Technologies, Inc. (NYSE:TYL) Stock
Tyler Technologies, Inc. (NYSE:TYL) Director Donald R. Brattain sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $167.75, for a total transaction of $419,375.00. Following the sale, the director now owns 15,220 shares of the company’s stock, valued at approximately $2,553,155. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Tyler Technologies, Inc. (NYSE TYL) traded up 1.45% on Friday, reaching $170.18. 122,230 shares of the company traded hands. The stock has a market capitalization of $6.35 billion, a price-to-earnings ratio of 50.98 and a beta of 0.95. The stock’s 50-day moving average is $173.66 and its 200-day moving average is $162.89. Tyler Technologies, Inc. has a 1-year low of $139.61 and a 1-year high of $182.49.
Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, July 26th. The technology company reported $0.91 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by $0.03. Tyler Technologies had a net margin of 15.10% and a return on equity of 12.77%. The business had revenue of $209.12 million for the quarter, compared to analysts’ expectations of $210.67 million. During the same period in the prior year, the company posted $0.86 earnings per share. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. Equities research analysts expect that Tyler Technologies, Inc. will post $3.87 EPS for the current year.
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A number of hedge funds have recently made changes to their positions in the stock. Granite Investment Partners LLC acquired a new stake in shares of Tyler Technologies during the first quarter worth approximately $2,884,000. Glen Harbor Capital Management LLC boosted its stake in shares of Tyler Technologies by 1.3% in the first quarter. Glen Harbor Capital Management LLC now owns 16,524 shares of the technology company’s stock worth $2,554,000 after buying an additional 204 shares in the last quarter. Profund Advisors LLC boosted its stake in shares of Tyler Technologies by 5.8% in the first quarter. Profund Advisors LLC now owns 4,716 shares of the technology company’s stock worth $729,000 after buying an additional 259 shares in the last quarter. Personal Capital Advisors Corp boosted its stake in shares of Tyler Technologies by 13.9% in the first quarter. Personal Capital Advisors Corp now owns 97,470 shares of the technology company’s stock worth $15,107,000 after buying an additional 11,862 shares in the last quarter. Finally, NBW Capital LLC boosted its stake in shares of Tyler Technologies by 27.9% in the first quarter. NBW Capital LLC now owns 33,380 shares of the technology company’s stock worth $5,159,000 after buying an additional 7,278 shares in the last quarter. 89.77% of the stock is owned by institutional investors and hedge funds.
TYL has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Tyler Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, April 13th. Maxim Group restated a “buy” rating and set a $197.00 price target on shares of Tyler Technologies in a research note on Thursday, April 27th. B. Riley restated a “buy” rating and set a $184.00 price target on shares of Tyler Technologies in a research note on Friday, April 28th. Finally, BidaskClub lowered shares of Tyler Technologies from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $187.17.
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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