Tyler Technologies CFO Sells $287,215 in Stock (TYL)
Tyler Technologies (NYSE:TYL) CFO Brian K. Miller sold 3,100 shares of the stock on the open market in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $92.65, for a total transaction of $287,215.00. Following the transaction, the chief financial officer now directly owns 62,187 shares in the company, valued at approximately $5,761,626. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $106.83.
Tyler Technologies (NYSE:TYL) traded down 1.68% during mid-day trading on Tuesday, hitting $90.57. 83,048 shares of the company’s stock traded hands. Tyler Technologies has a one year low of $72.30 and a one year high of $107.99. The stock’s 50-day moving average is $90.76 and its 200-day moving average is $87.65. The company has a market cap of $2.975 billion and a price-to-earnings ratio of 67.24.
Tyler Technologies (NYSE:TYL) last released its earnings data on Wednesday, July 23rd. The company reported $0.52 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter 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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