Tyler Technologies CEO John S. Marr, Jr. Sells 50,000 Shares (TYL)
Tyler Technologies (NYSE:TYL) CEO John S. Marr, Jr. sold 50,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $90.72, for a total transaction of $4,536,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on TYL. 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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $108.71.
Shares of Tyler Technologies (NYSE:TYL) traded down 0.23% on Monday, hitting $91.14. 18,770 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 has a 50-day moving average of $90.44 and a 200-day moving average of $86.90. The company has a market cap of $2.994 billion and a P/E ratio of 66.68.
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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