Tyler Technologies, Inc. (NYSE:TYL) announced its quarterly earnings results on Wednesday. The technology company reported $0.91 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by $0.03, Bloomberg Earnings reports. Tyler Technologies had a net margin of 13.48% and a return on equity of 13.12%. The company had revenue of $209.12 million during the quarter, compared to analyst estimates of $210.67 million. During the same quarter last year, the company posted $0.86 EPS. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. Tyler Technologies updated its FY17 guidance to $3.83-3.91 EPS.

Shares of Tyler Technologies (NYSE TYL) traded up 0.18% during mid-day trading on Wednesday, hitting $181.33. 226,602 shares of the stock were exchanged. The stock has a market capitalization of $6.72 billion, a price-to-earnings ratio of 57.00 and a beta of 0.96. Tyler Technologies has a 52 week low of $139.61 and a 52 week high of $182.49. The stock’s 50-day moving average is $173.61 and its 200-day moving average is $161.52.

In related news, President H Lynn Moore, Jr. sold 1,848 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $167.81, for a total transaction of $310,112.88. Following the completion of the transaction, the president now owns 51,029 shares of the company’s stock, valued at $8,563,176.49. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Brian K. Miller sold 1,240 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $174.50, for a total transaction of $216,380.00. Following the transaction, the vice president now directly owns 47,989 shares of the company’s stock, valued at approximately $8,374,080.50. The disclosure for this sale can be found here. Insiders sold 391,147 shares of company stock valued at $65,619,550 in the last quarter. Corporate insiders own 10.30% of the company’s stock.

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TYL has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Tyler Technologies from a “hold” rating to a “strong-buy” rating and set a $201.00 target price on the stock in a research report on Thursday, June 29th. Maxim Group set a $197.00 target price on shares of Tyler Technologies and gave the stock a “buy” rating in a research report on Monday, July 17th. Finally, B. Riley restated a “buy” rating and set a $184.00 target price on shares of Tyler Technologies in a research report on Sunday, May 14th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $185.38.

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.

Earnings History for Tyler Technologies (NYSE:TYL)

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