Brian K. Miller Sells 5,000 Shares of Tyler Technologies, Inc. (TYL) Stock
Tyler Technologies, Inc. (NYSE:TYL) VP Brian K. Miller sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $176.86, for a total transaction of $884,300.00. Following the sale, the vice president now owns 55,694 shares in the company, valued at approximately $9,850,040.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Tyler Technologies, Inc. (TYL) traded up $2.80 during mid-day trading on Wednesday, hitting $177.90. 188,700 shares of the stock were exchanged, compared to its average volume of 190,853. Tyler Technologies, Inc. has a fifty-two week low of $139.61 and a fifty-two week high of $183.98. The stock has a market cap of $6,578.18, a P/E ratio of 53.71 and a beta of 0.99.
Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, October 25th. The technology company reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.03. Tyler Technologies had a net margin of 16.34% and a return on equity of 12.81%. The business had revenue of $214.15 million for the quarter, compared to the consensus estimate of $216.80 million. During the same quarter last year, the firm posted $0.94 EPS. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. analysts forecast that Tyler Technologies, Inc. will post 3.27 earnings per share for the current year.
TYL has been the topic of a number of analyst reports. Maxim Group set a $197.00 target price on shares of Tyler Technologies and gave the stock a “buy” rating in a research report on Thursday, July 27th. B. Riley reiterated a “buy” rating and issued a $184.00 price target on shares of Tyler Technologies in a report on Friday, July 28th. BidaskClub lowered shares of Tyler Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Zacks Investment Research lowered shares of Tyler Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued 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 given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $193.00.
Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in Tyler Technologies by 40.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,027,797 shares of the technology company’s stock worth $180,554,000 after buying an additional 294,817 shares during the period. Morgan Stanley increased its stake in Tyler Technologies by 24.5% during the 1st quarter. Morgan Stanley now owns 71,848 shares of the technology company’s stock worth $11,105,000 after buying an additional 14,119 shares during the period. Legal & General Group Plc increased its stake in Tyler Technologies by 25.2% during the 2nd quarter. Legal & General Group Plc now owns 26,654 shares of the technology company’s stock worth $4,682,000 after buying an additional 5,361 shares during the period. Howard Hughes Medical Institute acquired a new position in Tyler Technologies during the 2nd quarter worth $1,048,000. Finally, State Board of Administration of Florida Retirement System grew its holdings in Tyler Technologies by 1.6% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 43,016 shares of the technology company’s stock worth $7,557,000 after acquiring an additional 680 shares in the last quarter. 90.92% of the stock is currently owned by hedge funds and other institutional investors.
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.
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