John S. Marr, Jr. Sells 30,000 Shares of Tyler Technologies (TYL) Stock
Tyler Technologies (NYSE:TYL) Director John S. Marr, Jr. sold 30,000 shares of the company’s stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $228.28, for a total value of $6,848,400.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
TYL stock opened at $227.23 on Friday. Tyler Technologies has a 1 year low of $225.58 and a 1 year high of $227.86. The stock has a market capitalization of $8.68 billion, a PE ratio of 71.46, a P/E/G ratio of 5.95 and a beta of 0.91.
Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, May 2nd. The technology company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.01. Tyler Technologies had a return on equity of 12.17% and a net margin of 19.65%. The business had revenue of $221.20 million during the quarter, compared to analyst estimates of $219.37 million. During the same quarter last year, the firm earned $0.91 earnings per share. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. analysts expect that Tyler Technologies will post 3.81 EPS for the current year.
Several brokerages have commented on TYL. Northland Securities restated an “outperform” rating and set a $240.00 price target (up from $200.00) on shares of Tyler Technologies in a research note on Tuesday, April 24th. Needham & Company LLC upped their price target on Tyler Technologies from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, April 24th. Zacks Investment Research lowered Tyler Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, May 9th. Piper Jaffray restated a “buy” rating and set a $245.00 price target on shares of Tyler Technologies in a research note on Monday, April 23rd. Finally, Maxim Group restated a “hold” rating on shares of Tyler Technologies in a research note on Monday, April 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Tyler Technologies presently has a consensus rating of “Buy” and an average price target of $221.08.
About Tyler Technologies
Tyler Technologies, Inc provides integrated information management solutions and services for the public sector in the United States and internationally. It operates through two segments, Enterprise Software, and Appraisal and Tax. The company's financial management solutions include modular fund accounting systems for government agencies or not-for-profit entities; and utility billing systems for the billing and collection of metered and non-metered services.
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