Tyler Technologies CEO Unloads $4,531,000 in Stock (TYL)
Tyler Technologies (NYSE:TYL) CEO John S. Marr, Jr. sold 50,000 shares of Tyler Technologies stock on the open market in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $90.62, for a total value of $4,531,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
TYL has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Tyler Technologies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 23rd. They now have a $99.00 price target on the stock. 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. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $106.83.
Tyler Technologies (NYSE:TYL) traded up 2.16% during mid-day trading on Friday, hitting $92.28. 133,192 shares of the company’s stock traded hands. Tyler Technologies has a 1-year low of $72.30 and a 1-year high of $107.99. The stock’s 50-day moving average is $90.52 and its 200-day moving average is $87.84. The company has a market cap of $3.031 billion and a price-to-earnings ratio of 65.93.
Tyler Technologies (NYSE:TYL) last released its earnings data on Wednesday, July 23rd. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.45 by $0.07. The company had revenue of $124.37 million for the quarter, compared to the consensus estimate of $117.55 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 20.6% on a year-over-year basis. Analysts expect that Tyler Technologies will post $1.99 EPS 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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