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.

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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.

Insider Buying and Selling by Quarter for Tyler Technologies (NYSE:TYL)

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