Tyler Technologies, Inc. (TYL) VP Brian K. Miller Sells 1,848 Shares
Tyler Technologies, Inc. (NYSE:TYL) VP Brian K. Miller sold 1,848 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $172.58, for a total transaction of $318,927.84. Following the sale, the vice president now directly owns 52,657 shares in the company, valued at $9,087,545.06. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Tyler Technologies, Inc. (TYL) traded down 1.37% on Thursday, hitting $169.96. 220,213 shares of the stock traded hands. The firm has a market cap of $6.34 billion, a P/E ratio of 50.92 and a beta of 0.95. Tyler Technologies, Inc. has a 12-month low of $139.61 and a 12-month high of $182.49. The firm’s 50-day moving average is $173.21 and its 200 day moving average is $163.67.
Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by $0.03. The company had revenue of $209.12 million during the quarter, compared to the consensus estimate of $210.67 million. Tyler Technologies had a return on equity of 13.02% and a net margin of 14.73%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 EPS. Equities research analysts forecast that Tyler Technologies, Inc. will post $3.87 EPS for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This piece was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece on another site, it was illegally stolen and reposted in violation of U.S. and international copyright law. The legal version of this piece can be read at https://www.americanbankingnews.com/2017/08/17/tyler-technologies-inc-tyl-vp-brian-k-miller-sells-1848-shares.html.
Several research firms have commented on TYL. Maxim Group set a $197.00 price target on shares of Tyler Technologies and gave the stock a “buy” rating in a report on Thursday, July 27th. Zacks Investment Research upgraded shares of Tyler Technologies from a “hold” rating to a “strong-buy” rating and set a $201.00 price target for the company in a report on Thursday, June 29th. BidaskClub cut shares of Tyler Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, B. Riley reiterated a “buy” rating and set a $184.00 price target 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 assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $187.17.
A number of institutional investors have recently added to or reduced their stakes in TYL. Assetmark Inc. increased its position in Tyler Technologies by 15.1% in the first quarter. Assetmark Inc. now owns 761 shares of the technology company’s stock worth $118,000 after buying an additional 100 shares in the last quarter. YHB Investment Advisors Inc. acquired a new position in Tyler Technologies during the second quarter worth approximately $209,000. Lakeview Capital Partners LLC acquired a new position in Tyler Technologies during the second quarter worth approximately $211,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Tyler Technologies by 32.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,298 shares of the technology company’s stock worth $201,000 after buying an additional 317 shares in the last quarter. Finally, D.A. Davidson & CO. increased its position in Tyler Technologies by 13.3% in the second quarter. D.A. Davidson & CO. now owns 1,391 shares of the technology company’s stock worth $244,000 after buying an additional 163 shares in the last quarter. 90.01% of the stock is owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Tyler Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyler Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.