Tyler Technologies Director G Stuart Reeves Unloads 33,333 Shares (TYL)
Tyler Technologies (NYSE:TYL) Director G Stuart Reeves sold 33,333 shares of Tyler Technologies stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $81.80, for a total value of $2,726,639.40. Following the completion of the transaction, the director now directly owns 27,000 shares of the company’s stock, valued at approximately $2,208,600. The sale was disclosed in a filing with the SEC, which is available at this link.
Tyler Technologies (NYSE:TYL) traded down 1.60% during mid-day trading on Tuesday, hitting $81.67. 31,425 shares of the company’s stock traded hands. Tyler Technologies has a one year low of $66.65 and a one year high of $107.99. The stock’s 50-day moving average is $79.12 and its 200-day moving average is $91.54. The company has a market cap of $2.696 billion and a price-to-earnings ratio of 68.60.
Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.02. The company had revenue of $112.60 million for the quarter, compared to the consensus estimate of $110.04 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. On average, analysts predict that Tyler Technologies will post $1.87 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on TYL shares. Analysts at Dougherty & Co downgraded shares of Tyler Technologies from a “buy” rating to a “neutral” rating in a research note on Friday, May 30th. Analysts at William Blair upgraded shares of Tyler Technologies from a “market perform” rating to an “outperform” rating in a research note on Friday, April 25th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Tyler Technologies presently has a consensus rating of “Buy” and a consensus target price of $92.80.
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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