Insider Selling: John M. Yeaman Sells 10,000 Shares of Tyler Technologies Stock (TYL)
Tyler Technologies (NYSE:TYL) Chairman John M. Yeaman sold 10,000 shares of Tyler Technologies stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $91.06, for a total value of $910,600.00. The transaction was disclosed in a filing with the SEC, 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Tyler Technologies presently has a consensus rating of “Buy” and an average price target of $106.83.
Tyler Technologies (NYSE:TYL) traded down 0.66% on Friday, hitting $90.09. The stock had a trading volume of 246,194 shares. Tyler Technologies has a 52 week low of $72.30 and a 52 week high of $107.99. The stock has a 50-day moving average of $90.82 and a 200-day moving average of $87.4. The company has a market cap of $2.959 billion and a price-to-earnings ratio of 66.20.
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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