Insider Selling: Tyler Technologies Chairman Unloads 10,000 Shares of Stock (TYL)
Tyler Technologies (NYSE:TYL) Chairman John M. Yeaman sold 10,000 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $91.06, for a total transaction of $910,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Tyler Technologies (NYSE:TYL) traded down 0.66% on Friday, hitting $90.09. 186,459 shares of the company’s stock traded hands. Tyler Technologies has a 52-week low of $72.30 and a 52-week high of $107.99. The stock’s 50-day moving average is $90. and its 200-day moving average is $87.49. The company has a market cap of $2.959 billion and a price-to-earnings ratio of 66.20.
Tyler Technologies (NYSE:TYL) last issued its quarterly 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. On average, analysts predict that Tyler Technologies will post $1.99 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. 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 equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $106.83.
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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