Insider Selling: Tyler Technologies Director Sells 10,000 Shares of Stock (TYL)
Tyler Technologies (NYSE:TYL) Director Donald Brattain sold 10,000 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $79.64, for a total value of $796,400.00. Following the sale, the director now directly owns 21,500 shares in the company. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on TYL shares. Analysts at Zacks downgraded shares of Tyler Technologies (NYSE:TYL) from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, September 2nd. They now have a $81.40 price target on the stock. Separately, analysts at Evercore Partners initiated coverage on shares of Tyler Technologies (NYSE:TYL) in a research note to investors on Tuesday, August 13th. They set an “equal weight” rating and a $80.00 price target on the stock. Finally, analysts at Roth Capital raised their price target on shares of Tyler Technologies (NYSE:TYL) from $70.00 to $80.00 in a research note to investors on Thursday, July 25th. They now have a “neutral” rating on the stock.
Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $68.31.
Tyler Technologies (NYSE:TYL) traded down 0.73% on Thursday, hitting $79.87. 114,454 shares of the company’s stock traded hands. Tyler Technologies has a 52 week low of $41.19 and a 52 week high of $81.93. The stock has a 50-day moving average of $75.74 and a 200-day moving average of $67.57. The company has a market cap of $2.543 billion and a P/E ratio of 72.03.
Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.36 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.36. The company had revenue of $103.10 million for the quarter, compared to the consensus estimate of $103.20 million. During the same quarter last year, the company posted $0.29 earnings per share. Tyler Technologies’s revenue was up 12.8% compared to the same quarter last year. On average, analysts predict that Tyler Technologies will post $1.48 earnings per share for the current fiscal year.
Tyler Technologies, Inc (NYSE:TYL) is a provider of integrated information management solutions and services for the public sector, with a focus on local governments.
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