Insider Selling: Tyler Technologies, Inc. (TYL) Director Sells 20,000 Shares of Stock
Tyler Technologies, Inc. (NYSE:TYL) Director Dustin R. Womble sold 20,000 shares of the company’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $211.12, for a total value of $4,222,400.00. Following the completion of the transaction, the director now owns 1,500 shares of the company’s stock, valued at $316,680. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Tyler Technologies, Inc. (NYSE TYL) opened at $209.48 on Wednesday. Tyler Technologies, Inc. has a 1 year low of $152.00 and a 1 year high of $213.38. The stock has a market capitalization of $7,870.00, a PE ratio of 57.71 and a beta of 0.97.
Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, February 21st. The technology company reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.03. Tyler Technologies had a return on equity of 12.49% and a net margin of 19.50%. The firm had revenue of $217.85 million during the quarter, compared to the consensus estimate of $220.56 million. During the same quarter in the previous year, the business earned $0.90 earnings per share. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. analysts anticipate that Tyler Technologies, Inc. will post 3.87 earnings per share for the current fiscal year.
Several equities analysts recently commented on TYL shares. Maxim Group set a $220.00 target price on Tyler Technologies and gave the company a “buy” rating in a research note on Thursday, February 22nd. Robert W. Baird started coverage on Tyler Technologies in a research note on Tuesday. They issued an “outperform” rating for the company. Zacks Investment Research lowered Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Evercore ISI reiterated a “buy” rating and issued a $210.00 target price on shares of Tyler Technologies in a research note on Friday, February 23rd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $235.00 target price on shares of Tyler Technologies in a research note on Friday, February 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $203.70.
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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