Insider Selling: Tyler Technologies, Inc. (TYL) Director Sells 8,100 Shares of Stock
Tyler Technologies, Inc. (NYSE:TYL) Director Dustin R. Womble sold 8,100 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $172.15, for a total value of $1,394,415.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of Tyler Technologies, Inc. (NYSE TYL) traded up $2.40 during midday trading on Friday, hitting $176.14. The company had a trading volume of 202,870 shares, compared to its average volume of 190,887. Tyler Technologies, Inc. has a 52-week low of $139.61 and a 52-week high of $183.98. The firm has a market capitalization of $6,530.00, a P/E ratio of 52.73 and a beta of 0.98.
Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, October 25th. The technology company reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.03. The firm had revenue of $214.15 million during the quarter, compared to the consensus estimate of $216.80 million. Tyler Technologies had a return on equity of 12.81% and a net margin of 16.34%. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period last year, the company earned $0.94 earnings per share. equities analysts anticipate that Tyler Technologies, Inc. will post 3.27 earnings per share for the current fiscal year.
Several equities research analysts have recently weighed in on TYL shares. Piper Jaffray Companies reissued a “buy” rating and issued a $200.00 price objective on shares of Tyler Technologies in a report on Friday, October 27th. Northland Securities reissued a “buy” rating and issued a $200.00 price objective on shares of Tyler Technologies in a report on Thursday, September 21st. BidaskClub raised Tyler Technologies from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Zacks Investment Research raised Tyler Technologies from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Tyler Technologies in a report on Tuesday, October 24th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $193.00.
Large investors have recently added to or reduced their stakes in the business. Zions Bancorporation purchased a new position in Tyler Technologies in the third quarter worth $156,000. YHB Investment Advisors Inc. purchased a new position in Tyler Technologies in the second quarter worth $209,000. Lakeview Capital Partners LLC purchased a new position in Tyler Technologies in the second quarter worth $211,000. CIBC Asset Management Inc purchased a new position in Tyler Technologies in the third quarter worth $218,000. Finally, D.A. Davidson & CO. raised its position in Tyler Technologies by 13.3% in the second quarter. D.A. Davidson & CO. now owns 1,391 shares of the technology company’s stock worth $244,000 after acquiring an additional 163 shares in the last quarter. Hedge funds and other institutional investors own 90.79% of the company’s stock.
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.
Receive News & Ratings for Tyler Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyler Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.