Tyler Technologies, Inc. (NYSE:TYL) President H Lynn Moore, Jr. sold 12,000 shares of Tyler Technologies stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $170.13, for a total value of $2,041,560.00. Following the transaction, the president now owns 67,257 shares in the company, valued at $11,442,433.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Tyler Technologies, Inc. (NYSE:TYL) opened at 169.02 on Friday. The stock has a 50 day moving average price of $170.33 and a 200-day moving average price of $166.22. Tyler Technologies, Inc. has a one year low of $139.61 and a one year high of $182.49. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of 50.64 and a beta of 0.95.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.91 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.03). Tyler Technologies had a return on equity of 13.02% and a net margin of 14.73%. The business had revenue of $209.12 million for the quarter, compared to analyst estimates of $210.67 million. During the same quarter in the previous year, the business posted $0.86 earnings per share. The business’s revenue was up 10.7% on a year-over-year basis. On average, equities research analysts expect that Tyler Technologies, Inc. will post $3.87 EPS for the current year.

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Several research firms have weighed in on TYL. Piper Jaffray Companies reiterated a “buy” rating and set a $200.00 target price on shares of Tyler Technologies in a report on Sunday, August 27th. BidaskClub upgraded Tyler Technologies from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Zacks Investment Research upgraded Tyler Technologies from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. B. Riley reiterated a “buy” rating and set a $184.00 target price on shares of Tyler Technologies in a report on Wednesday, August 2nd. Finally, Maxim Group set a $197.00 target price on Tyler Technologies and gave the stock a “buy” rating in a report on Thursday, July 27th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $193.40.

Several hedge funds have recently added to or reduced their stakes in TYL. BlackRock Inc. boosted its position in shares of Tyler Technologies by 16,997.6% during the 1st quarter. BlackRock Inc. now owns 2,737,663 shares of the technology company’s stock worth $423,133,000 after purchasing an additional 2,721,651 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Tyler Technologies by 327.0% during the 2nd quarter. Janus Henderson Group PLC now owns 1,865,432 shares of the technology company’s stock worth $327,700,000 after purchasing an additional 1,428,513 shares in the last quarter. Koch Industries Inc. boosted its position in shares of Tyler Technologies by 18,128.1% during the 2nd quarter. Koch Industries Inc. now owns 401,747 shares of the technology company’s stock worth $399,000 after purchasing an additional 399,543 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Tyler Technologies by 40.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,027,797 shares of the technology company’s stock worth $180,554,000 after purchasing an additional 294,817 shares in the last quarter. Finally, Praesidium Investment Management Company LLC boosted its position in shares of Tyler Technologies by 143.5% during the 1st quarter. Praesidium Investment Management Company LLC now owns 449,263 shares of the technology company’s stock worth $69,438,000 after purchasing an additional 264,783 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors.

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 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.

Insider Buying and Selling by Quarter for Tyler Technologies (NYSE:TYL)

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