Tyler Technologies, Inc. (TYL) Director Dustin R. Womble Sells 22,000 Shares
Tyler Technologies, Inc. (NYSE:TYL) Director Dustin R. Womble sold 22,000 shares of Tyler Technologies stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $172.07, for a total transaction of $3,785,540.00. Following the sale, the director now owns 234,950 shares of the company’s stock, valued at $40,427,846.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Tyler Technologies, Inc. (NYSE:TYL) traded down 0.51% on Friday, hitting $170.50. 120,905 shares of the stock were exchanged. The company’s 50 day moving average price is $163.13 and its 200-day moving average price is $153.85. The company has a market cap of $6.32 billion, a P/E ratio of 53.60 and a beta of 1.00. Tyler Technologies, Inc. has a one year low of $139.61 and a one year high of $175.77.
Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, April 26th. The technology company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.74 by $0.01. Tyler Technologies had a return on equity of 13.50% and a net margin of 11.83%. The company had revenue of $199.54 million for the quarter, compared to the consensus estimate of $199.76 million. During the same quarter last year, the company posted $0.81 earnings per share. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. Equities research analysts predict that Tyler Technologies, Inc. will post $3.88 EPS for the current fiscal year.
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Institutional investors have recently made changes to their positions in the stock. Assetmark Inc. increased its position in shares of Tyler Technologies by 15.1% in the first quarter. Assetmark Inc. now owns 761 shares of the technology company’s stock valued at $118,000 after buying an additional 100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Tyler Technologies by 32.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,298 shares of the technology company’s stock valued at $201,000 after buying an additional 317 shares during the period. New England Research & Management Inc. bought a new position in shares of Tyler Technologies during the first quarter valued at approximately $201,000. Massmutual Trust Co. FSB ADV bought a new position in shares of Tyler Technologies during the fourth quarter valued at approximately $186,000. Finally, Capital Analysts LLC increased its position in shares of Tyler Technologies by 27.3% in the fourth quarter. Capital Analysts LLC now owns 1,470 shares of the technology company’s stock valued at $210,000 after buying an additional 315 shares during the period. Institutional investors own 86.37% of the company’s stock.
A number of equities research analysts have recently commented on TYL shares. B. Riley reiterated a “buy” rating and set a $184.00 price target on shares of Tyler Technologies in a report on Wednesday, February 15th. Maxim Group reduced their price target on shares of Tyler Technologies from $210.00 to $197.00 and set a “buy” rating on the stock in a research report on Thursday, February 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $185.00 price target on shares of Tyler Technologies in a research report on Thursday, February 9th. Finally, Zacks Investment Research raised shares of Tyler Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, April 13th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $184.60.
Tyler Technologies Company Profile
Tyler Technologies, Inc is a provider of information management solutions and services for the public sector, with a focus on local governments. The Company operates through two segments: Enterprise Software (ES) segment and The Appraisal and Tax (A&T) segment. ES segment provides municipal and county governments and schools with software systems and services for information technology and automation needs that includes back-office functions, such as financial management, courts and justice processes, public safety, planning regulatory and maintenance, and land and vital records management.
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