Tyler Technologies, Inc. (NYSE:TYL) CEO John S. Marr, Jr. sold 10,000 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $173.35, for a total value of $1,733,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shares of Tyler Technologies, Inc. (NYSE:TYL) traded up $0.12 during mid-day trading on Friday, reaching $175.84. The company had a trading volume of 102,054 shares, compared to its average volume of 198,281. The firm has a market cap of $6,560.90, a P/E ratio of 53.57 and a beta of 0.99.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, October 25th. The technology company reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.03. Tyler Technologies had a return on equity of 12.81% and a net margin of 16.34%. The business had revenue of $214.15 million for the quarter, compared to analysts’ expectations of $216.80 million. During the same period in the prior year, the business posted $0.94 earnings per share. The firm’s revenue was up 10.1% on a year-over-year basis. equities analysts anticipate that Tyler Technologies, Inc. will post 3.27 EPS for the current year.

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A number of hedge funds have recently made changes to their positions in TYL. Janus Henderson Group PLC boosted its holdings 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 acquiring an additional 1,428,513 shares during the last quarter. Koch Industries Inc. lifted its stake 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. lifted its stake 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. Franklin Resources Inc. lifted its stake in Tyler Technologies by 71.8% in the second quarter. Franklin Resources Inc. now owns 536,791 shares of the technology company’s stock valued at $94,299,000 after buying an additional 224,410 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Tyler Technologies by 5.7% in the second quarter. Vanguard Group Inc. now owns 2,804,393 shares of the technology company’s stock valued at $492,648,000 after buying an additional 150,879 shares during the period. Institutional investors and hedge funds own 90.45% of the company’s stock.

Several analysts have recently weighed in on TYL shares. B. Riley restated a “buy” rating and set a $184.00 price target on shares of Tyler Technologies in a report on Wednesday, August 2nd. KeyCorp restated a “buy” rating and set a $180.00 price target on shares of Tyler Technologies in a report on Friday, October 6th. Citigroup Inc. started coverage on Tyler Technologies in a report on Friday, September 22nd. They set a “buy” rating and a $200.00 price target on the stock. Northland Securities restated a “buy” rating and set a $200.00 price target on shares of Tyler Technologies in a report on Thursday, September 21st. Finally, Piper Jaffray Companies restated a “buy” rating and set a $200.00 price target on shares of Tyler Technologies in a report on Sunday, August 27th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $193.00.

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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