Tyler Technologies, Inc. (TYL) Director Larry D. Leinweber Sells 13,171 Shares of Stock
Tyler Technologies, Inc. (NYSE:TYL) Director Larry D. Leinweber sold 13,171 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $183.57, for a total transaction of $2,417,800.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Tyler Technologies, Inc. (TYL) opened at $181.50 on Wednesday. The company has a market cap of $6,870.84, a price-to-earnings ratio of 56.10 and a beta of 0.97. Tyler Technologies, Inc. has a 52-week low of $139.61 and a 52-week high of $188.21.
Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, October 25th. The technology company reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.03. The company had revenue of $214.15 million for the quarter, compared to analyst estimates of $216.80 million. Tyler Technologies had a net margin of 16.34% and a return on equity of 12.81%. The firm’s revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the business earned $0.94 earnings per share. research analysts forecast that Tyler Technologies, Inc. will post 3.28 earnings per share for the current fiscal year.
TYL has been the topic of several analyst reports. Northland Securities restated a “buy” rating and set a $200.00 price target on shares of Tyler Technologies in a research report on Thursday, September 21st. BidaskClub upgraded shares of Tyler Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. B. Riley restated a “neutral” rating and set a $184.00 price target on shares of Tyler Technologies in a research report on Thursday, October 26th. Needham & Company LLC restated a “buy” rating on shares of Tyler Technologies in a research report on Tuesday, October 24th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $200.00 price target on shares of Tyler Technologies in a research report on Friday, October 27th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Tyler Technologies presently has an average rating of “Buy” and a consensus price target of $193.00.
Institutional investors and hedge funds have recently bought and sold shares of the business. California Public Employees Retirement System lifted its stake in shares of Tyler Technologies by 2.4% in the third quarter. California Public Employees Retirement System now owns 77,015 shares of the technology company’s stock worth $13,425,000 after buying an additional 1,815 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Tyler Technologies by 43.5% in the third quarter. Janney Montgomery Scott LLC now owns 2,764 shares of the technology company’s stock worth $482,000 after buying an additional 838 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Tyler Technologies in the third quarter worth about $444,000. Zions Bancorporation purchased a new position in shares of Tyler Technologies in the third quarter worth about $156,000. Finally, Jane Street Group LLC purchased a new position in shares of Tyler Technologies in the third quarter worth about $499,000. 93.34% of the stock is currently owned by institutional investors and hedge funds.
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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.
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