Tyler Technologies, Inc. (TYL) CEO John S. Marr, Jr. Sells 20,000 Shares
Tyler Technologies, Inc. (NYSE:TYL) CEO John S. Marr, Jr. sold 20,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $175.57, for a total transaction of $3,511,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Tyler Technologies, Inc. (NYSE TYL) traded up $0.12 during midday trading on Friday, reaching $175.84. 102,054 shares of the company traded hands, compared to its average volume of 198,281. The firm has a market cap of $6,560.90, a price-to-earnings ratio of 53.57 and a beta of 0.99.
Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, October 25th. The technology company reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.03. The business had revenue of $214.15 million for the quarter, compared to the consensus estimate of $216.80 million. Tyler Technologies had a net margin of 16.34% and a return on equity of 12.81%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.94 EPS. research analysts expect that Tyler Technologies, Inc. will post 3.27 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. FDx Advisors Inc. acquired a new position in Tyler Technologies during the 3rd quarter worth about $562,000. Swiss National Bank lifted its position in Tyler Technologies by 1.0% during the 3rd quarter. Swiss National Bank now owns 58,858 shares of the technology company’s stock worth $10,260,000 after buying an additional 600 shares in the last quarter. Principal Financial Group Inc. lifted its position in Tyler Technologies by 2.5% during the 3rd quarter. Principal Financial Group Inc. now owns 148,112 shares of the technology company’s stock worth $25,819,000 after buying an additional 3,615 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in Tyler Technologies by 4.9% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 12,941 shares of the technology company’s stock worth $2,256,000 after buying an additional 609 shares in the last quarter. Finally, Prudential Financial Inc. lifted its position in Tyler Technologies by 3.6% during the 3rd quarter. Prudential Financial Inc. now owns 24,314 shares of the technology company’s stock worth $4,238,000 after buying an additional 855 shares in the last quarter. Institutional investors and hedge funds own 90.45% of the company’s stock.
TYL has been the topic of several analyst reports. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $200.00 target price on shares of Tyler Technologies in a report on Sunday, August 27th. Zacks Investment Research raised shares of Tyler Technologies from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. KeyCorp reaffirmed a “buy” rating and issued a $180.00 target price on shares of Tyler Technologies in a report on Friday, October 6th. Citigroup Inc. initiated coverage on shares of Tyler Technologies in a report on Friday, September 22nd. They issued a “buy” rating and a $200.00 target price on the stock. Finally, Maxim Group set a $197.00 target price on shares of Tyler Technologies and gave the stock a “buy” rating in a report on Monday, July 17th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $193.00.
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.
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