Insider Selling: Tyler Technologies, Inc. (TYL) VP Sells 5,652 Shares of Stock
Tyler Technologies, Inc. (NYSE:TYL) VP Brian K. Miller sold 5,652 shares of the stock in a transaction on Friday, September 14th. The shares were sold at an average price of $249.64, for a total value of $1,410,965.28. Following the sale, the vice president now directly owns 48,263 shares in the company, valued at $12,048,375.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
TYL stock opened at $240.17 on Tuesday. Tyler Technologies, Inc. has a fifty-two week low of $168.12 and a fifty-two week high of $252.47. The stock has a market capitalization of $9.67 billion, a price-to-earnings ratio of 76.86, a PEG ratio of 6.60 and a beta of 0.88.
Tyler Technologies (NYSE:TYL) last posted its earnings results on Thursday, July 26th. The technology company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.05. Tyler Technologies had a return on equity of 11.70% and a net margin of 19.91%. The company had revenue of $236.10 million for the quarter, compared to the consensus estimate of $233.28 million. During the same quarter in the prior year, the company earned $0.91 earnings per share. Tyler Technologies’s revenue was up 13.1% on a year-over-year basis. equities research analysts forecast that Tyler Technologies, Inc. will post 3.79 EPS for the current year.
A number of research analysts have weighed in on the company. B. Riley increased their target price on Tyler Technologies from $200.00 to $206.00 and gave the company a “neutral” rating in a report on Monday, July 30th. Robert W. Baird reissued a “buy” rating and issued a $260.00 target price (up previously from $240.00) on shares of Tyler Technologies in a report on Friday, July 27th. Piper Jaffray Companies increased their target price on Tyler Technologies from $242.00 to $260.00 and gave the company an “overweight” rating in a report on Monday, June 25th. Finally, Zacks Investment Research raised Tyler Technologies from a “hold” rating to a “buy” rating and set a $267.00 target price on the stock in a report on Tuesday, July 24th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Tyler Technologies presently has a consensus rating of “Buy” and a consensus price target of $228.58.
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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