Tyler Technologies, Inc. (TYL) CEO Sells $3,213,400.18 in Stock
Tyler Technologies, Inc. (NYSE:TYL) CEO John S. Marr, Jr. sold 17,527 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $183.34, for a total transaction of $3,213,400.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Tyler Technologies, Inc. (TYL) opened at $183.65 on Monday. Tyler Technologies, Inc. has a 1 year low of $139.61 and a 1 year high of $188.21. The stock has a market cap of $6,900.00, a price-to-earnings ratio of 56.33 and a beta of 0.97.
Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, October 25th. The technology company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. Tyler Technologies had a net margin of 16.34% and a return on equity of 12.81%. The firm had revenue of $214.15 million during the quarter, compared to the consensus estimate of $216.80 million. During the same quarter in the previous year, the firm posted $0.94 EPS. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. equities analysts anticipate that Tyler Technologies, Inc. will post 3.28 earnings per share for the current year.
TYL has been the subject of a number of research analyst reports. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $200.00 target price on shares of Tyler Technologies in a research report on Sunday, August 27th. Zacks Investment Research raised shares of Tyler Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. B. Riley downgraded shares of Tyler Technologies from a “buy” rating to a “neutral” rating and set a $184.00 target price for the company. in a research report on Friday, October 27th. Maxim Group set a $197.00 target price on shares of Tyler Technologies and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $180.00 target price on shares of Tyler Technologies in a research report on Friday, October 6th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $193.00.
Hedge funds have recently modified their holdings of the company. Zions Bancorporation bought a new stake in shares of Tyler Technologies during the 3rd quarter valued at $156,000. CIBC Asset Management Inc bought a new stake in shares of Tyler Technologies during the 3rd quarter valued at $218,000. D.A. Davidson & CO. grew its position in shares of Tyler Technologies by 13.3% during the 2nd quarter. D.A. Davidson & CO. now owns 1,391 shares of the technology company’s stock valued at $244,000 after acquiring an additional 163 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Tyler Technologies by 8.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,412 shares of the technology company’s stock worth $248,000 after buying an additional 114 shares during the period. Finally, Fiduciary Trust Co. bought a new position in Tyler Technologies in the 2nd quarter worth $250,000. 93.34% of the stock is owned by hedge funds and other institutional investors.
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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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