Tyler Technologies CFO Unloads $1,548,702 in Stock (TYL)
Tyler Technologies (NYSE:TYL) CFO Brian K. Miller sold 16,898 shares of Tyler Technologies stock 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 completion of the transaction, the chief financial officer now directly owns 62,187 shares in the company, valued at approximately $5,699,439. The sale was disclosed in a filing 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 Maxim Group initiated coverage on shares of Tyler Technologies in a research note on Thursday. They set a “buy” rating and a $120.00 price target on the stock. Separately, 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. Finally, 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 five have issued a buy rating to the stock. Tyler Technologies presently has a consensus rating of “Buy” and a consensus target price of $108.71.
Shares of Tyler Technologies (NYSE:TYL) opened at 90.79 on Friday. 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 $90.54 and its 200-day moving average is $86.98. The company has a market cap of $2.982 billion and a P/E ratio of 66.27.
Tyler Technologies (NYSE:TYL) last released its earnings data 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.
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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