Tyler Technologies, Inc. (NYSE:TYL) Director Larry D. Leinweber sold 19,021 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $170.18, for a total value of $3,236,993.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Tyler Technologies, Inc. (NYSE:TYL) traded down 1.35% during midday trading on Tuesday, reaching $167.49. The company’s stock had a trading volume of 106,281 shares. The firm has a 50-day moving average of $173.84 and a 200-day moving average of $162.19. The stock has a market cap of $6.25 billion, a PE ratio of 50.18 and a beta of 0.95. Tyler Technologies, Inc. has a one year low of $139.61 and a one year high of $182.49.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.91 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by $0.03. Tyler Technologies had a return on equity of 13.02% and a net margin of 14.73%. The company had revenue of $209.12 million for the quarter, compared to the consensus estimate of $210.67 million. During the same quarter last year, the company posted $0.86 EPS. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, analysts forecast that Tyler Technologies, Inc. will post $3.87 EPS for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in Tyler Technologies by 16,997.6% in the first quarter. BlackRock Inc. now owns 2,737,663 shares of the technology company’s stock valued at $423,133,000 after buying an additional 2,721,651 shares in the last quarter. Praesidium Investment Management Company LLC boosted its position in Tyler Technologies by 143.5% in the first quarter. Praesidium Investment Management Company LLC now owns 449,263 shares of the technology company’s stock valued at $69,438,000 after buying an additional 264,783 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Tyler Technologies by 42.2% in the first quarter. Goldman Sachs Group Inc. now owns 756,703 shares of the technology company’s stock valued at $116,957,000 after buying an additional 224,642 shares in the last quarter. Janus Capital Management LLC boosted its position in Tyler Technologies by 11.8% in the first quarter. Janus Capital Management LLC now owns 1,509,335 shares of the technology company’s stock valued at $233,283,000 after buying an additional 159,345 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in Tyler Technologies by 48.4% in the first quarter. Alliancebernstein L.P. now owns 476,411 shares of the technology company’s stock valued at $73,634,000 after buying an additional 155,393 shares in the last quarter. 89.77% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on the company. Maxim Group set a $197.00 price objective on Tyler Technologies and gave the company a “buy” rating in a report on Thursday, July 27th. Zacks Investment Research raised Tyler Technologies from a “hold” rating to a “strong-buy” rating and set a $201.00 price objective for the company in a report on Thursday, June 29th. BidaskClub downgraded Tyler Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, B. Riley reissued a “buy” rating and issued a $184.00 price objective on shares of Tyler Technologies in a report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. Tyler Technologies has a consensus rating of “Buy” and an average target price of $187.17.

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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