Dustin R. Womble Sells 10,000 Shares of Tyler Technologies, Inc. (TYL) Stock
Tyler Technologies, Inc. (NYSE:TYL) Director Dustin R. Womble sold 10,000 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $172.57, for a total value of $1,725,700.00. Following the completion of the sale, the director now owns 233,122 shares in the company, valued at approximately $40,229,863.54. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Tyler Technologies, Inc. (NYSE TYL) traded down 1.63% on Tuesday, reaching $170.46. The company had a trading volume of 180,878 shares. Tyler Technologies, Inc. has a 12 month low of $139.61 and a 12 month high of $182.49. The firm has a 50-day moving average of $173.42 and a 200-day moving average of $163.45. The stock has a market capitalization of $6.36 billion, a P/E ratio of 51.07 and a beta of 0.95.
Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.91 EPS for the quarter, missing the consensus estimate of $0.94 by $0.03. Tyler Technologies had a net margin of 14.73% and a return on equity of 13.02%. The company had revenue of $209.12 million during the quarter, compared to analysts’ expectations of $210.67 million. During the same period last year, the business earned $0.86 earnings per share. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, equities research analysts expect that Tyler Technologies, Inc. will post $3.87 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised 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 during the period. Janus Henderson Group PLC raised its position in Tyler Technologies by 327.0% in the second quarter. Janus Henderson Group PLC now owns 1,865,432 shares of the technology company’s stock valued at $327,700,000 after buying an additional 1,428,513 shares during the period. Koch Industries Inc. raised its position in Tyler Technologies by 18,128.1% in the second quarter. Koch Industries Inc. now owns 401,747 shares of the technology company’s stock valued at $399,000 after buying an additional 399,543 shares during the period. JPMorgan Chase & Co. raised its position in Tyler Technologies by 40.2% in the second quarter. JPMorgan Chase & Co. now owns 1,027,797 shares of the technology company’s stock valued at $180,554,000 after buying an additional 294,817 shares during the period. Finally, Praesidium Investment Management Company LLC raised 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 during the period. 90.01% of the stock is currently owned by institutional investors.
TYL has been the subject of several analyst reports. B. Riley reissued a “buy” rating and set a $184.00 target price on shares of Tyler Technologies in a research note on Wednesday, August 2nd. Maxim Group reissued a “buy” rating and set a $197.00 target price on shares of Tyler Technologies in a research note on Thursday, April 27th. BidaskClub cut Tyler Technologies from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research cut Tyler Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target 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.
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