Tyler Technologies, Inc. (TYL) CEO John S. Marr, Jr. Sells 26,600 Shares
Tyler Technologies, Inc. (NYSE:TYL) CEO John S. Marr, Jr. sold 26,600 shares of Tyler Technologies stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $175.81, for a total transaction of $4,676,546.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Tyler Technologies, Inc. (NYSE TYL) traded up $2.80 during midday trading on Wednesday, reaching $177.90. 188,700 shares of the company’s stock were exchanged, compared to its average volume of 190,853. The firm has a market capitalization of $6,578.18, a PE ratio of 53.71 and a beta of 0.99. Tyler Technologies, Inc. has a 1 year low of $139.61 and a 1 year high of $183.98.
Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, October 25th. The technology company reported $1.05 earnings per share (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 firm had revenue of $214.15 million during the quarter, compared to analysts’ expectations of $216.80 million. During the same period in the previous year, the company earned $0.94 earnings per share. The company’s revenue was up 10.1% compared to the same quarter last year. equities research analysts anticipate that Tyler Technologies, Inc. will post 3.27 earnings per share for the current fiscal year.
Several research firms have commented on TYL. Piper Jaffray Companies reissued a “buy” rating and set a $200.00 target price on shares of Tyler Technologies in a research note on Friday, October 27th. Northland Securities reissued a “buy” rating and set a $200.00 target price on shares of Tyler Technologies in a research note on Thursday, September 21st. BidaskClub raised shares of Tyler Technologies from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Zacks Investment Research raised shares of Tyler Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Tyler Technologies in a research note on Tuesday, October 24th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $193.00.
A number of institutional investors have recently made changes to their positions in TYL. Zions Bancorporation bought a new stake in Tyler Technologies in the 3rd quarter valued at $156,000. YHB Investment Advisors Inc. bought a new stake in Tyler Technologies in the 2nd quarter valued at $209,000. Lakeview Capital Partners LLC bought a new stake in Tyler Technologies in the 2nd quarter valued at $211,000. CIBC Asset Management Inc bought a new stake in Tyler Technologies in the 3rd quarter valued at $218,000. Finally, D.A. Davidson & CO. increased its holdings in Tyler Technologies by 13.3% in the 2nd quarter. D.A. Davidson & CO. now owns 1,391 shares of the technology company’s stock valued at $244,000 after buying an additional 163 shares during the period. 90.92% of the stock is currently owned by hedge funds and other institutional investors.
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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