Tyler Technologies, Inc. (NYSE:TYL) Director Larry D. Leinweber sold 36,000 shares of Tyler Technologies stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $170.98, for a total transaction of $6,155,280.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of Tyler Technologies, Inc. (NYSE:TYL) traded down 0.70% during trading on Thursday, hitting $170.04. 180,913 shares of the company were exchanged. The company has a 50 day moving average of $170.85 and a 200-day moving average of $157.60. Tyler Technologies, Inc. has a 1-year low of $139.61 and a 1-year high of $178.09. The stock has a market capitalization of $6.31 billion, a PE ratio of 53.45 and a beta of 0.96.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data 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 13.12% and a net margin of 13.48%. The company had revenue of $199.54 million for the quarter, compared to analysts’ expectations of $199.76 million. During the same period last year, the firm posted $0.81 earnings per share. Tyler Technologies’s revenue was up 11.3% compared to the same quarter last year. On average, analysts forecast that Tyler Technologies, Inc. will post $3.88 earnings per share for the current year.

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A number of equities analysts have issued reports on TYL shares. B. Riley reaffirmed a “buy” rating and set a $184.00 price objective on shares of Tyler Technologies in a report on Tuesday, May 9th. Zacks Investment Research raised shares of Tyler Technologies from a “hold” rating to a “strong-buy” rating and set a $201.00 price target on the stock in a report on Thursday, June 29th. Finally, Maxim Group reissued a “buy” rating and issued a $197.00 price target on shares of Tyler Technologies in a report on Thursday, April 27th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Tyler Technologies presently has a consensus rating of “Buy” and an average target price of $187.00.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Assetmark Inc. boosted 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 last quarter. New England Research & Management Inc. purchased a new position in shares of Tyler Technologies during the first quarter valued at about $201,000. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 last quarter. Pennsylvania Trust Co purchased a new position in shares of Tyler Technologies during the first quarter valued at about $239,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Tyler Technologies during the first quarter valued at about $242,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

About Tyler Technologies

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.

Insider Buying and Selling by Quarter for Tyler Technologies (NYSE:TYL)

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