Tyler Technologies, Inc. (NYSE:TYL) Director Luther King, Jr. sold 30,000 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $175.61, for a total value of $5,268,300.00. Following the transaction, the director now directly owns 72,864 shares in the company, valued at approximately $12,795,647.04. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of Tyler Technologies, Inc. (NYSE TYL) traded up $0.20 during midday trading on Friday, hitting $175.92. The company had a trading volume of 158,949 shares, compared to its average volume of 198,281. The stock has a market cap of $6,560.90, a PE ratio of 53.57 and a beta of 0.99.

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

COPYRIGHT VIOLATION NOTICE: “Tyler Technologies, Inc. (TYL) Director Luther King, Jr. Sells 30,000 Shares” was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/11/03/tyler-technologies-inc-tyl-director-luther-king-jr-sells-30000-shares.html.

TYL has been the topic of a number of recent research reports. B. Riley reissued a “buy” rating and set a $184.00 price target on shares of Tyler Technologies in a research report on Wednesday, August 2nd. KeyCorp reissued a “buy” rating and set a $180.00 price target on shares of Tyler Technologies in a research report on Friday, October 6th. Citigroup Inc. initiated coverage on Tyler Technologies in a research report on Friday, September 22nd. They set a “buy” rating and a $200.00 price target on the stock. Northland Securities reissued a “buy” rating and set a $200.00 price target on shares of Tyler Technologies in a research report on Thursday, September 21st. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $200.00 price target on shares of Tyler Technologies in a research report on Sunday, August 27th. One research 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 company. Tyler Technologies has an average rating of “Buy” and an average price target of $193.00.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Alps Advisors Inc. lifted its stake in shares of Tyler Technologies by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 3,084 shares of the technology company’s stock worth $542,000 after purchasing an additional 8 shares during the last quarter. Cue Financial Group Inc. lifted its stake in shares of Tyler Technologies by 0.6% during the 2nd quarter. Cue Financial Group Inc. now owns 2,690 shares of the technology company’s stock worth $473,000 after purchasing an additional 15 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Tyler Technologies by 0.6% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,925 shares of the technology company’s stock worth $865,000 after purchasing an additional 30 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Tyler Technologies by 1.7% during the 2nd quarter. Teacher Retirement System of Texas now owns 2,789 shares of the technology company’s stock worth $490,000 after purchasing an additional 47 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY lifted its stake in shares of Tyler Technologies by 0.3% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 32,544 shares of the technology company’s stock worth $5,030,000 after purchasing an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 90.45% of the company’s stock.

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)

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.