Insider Selling: Tyler Technologies CFO Sells 16,898 Shares of Stock (TYL)
Tyler Technologies (NYSE:TYL) CFO Brian K. Miller sold 16,898 shares of Tyler Technologies stock on the open market in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $91.65, for a total value of $1,548,701.70. Following the transaction, the chief financial officer now directly owns 62,187 shares in the company, valued at approximately $5,699,439. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Tyler Technologies (NYSE:TYL) traded down 1.30% on Wednesday, hitting $90.34. The stock had a trading volume of 89,918 shares. 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 $90.83 and its 200-day moving average is $87.06. The company has a market cap of $2.967 billion and a price-to-earnings ratio of 66.81.
Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, July 23rd. The company reported $0.52 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.36 earnings per share. Tyler Technologies’s revenue was up 20.6% compared to the same quarter last year. Analysts expect that Tyler Technologies will post $1.99 EPS for the current fiscal year.
A number of research firms have recently commented on TYL. 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 given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target 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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