Tyler Technologies, Inc. (TYL) Director Sells $3,866,255.55 in Stock
Tyler Technologies, Inc. (NYSE:TYL) Director Larry D. Leinweber sold 21,249 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $181.95, for a total value of $3,866,255.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Tyler Technologies, Inc. (NYSE:TYL) traded up $1.92 during trading on Tuesday, hitting $183.71. The stock had a trading volume of 470,600 shares, compared to its average volume of 192,164. The stock has a market cap of $6,829.51, a P/E ratio of 55.76 and a beta of 0.97. Tyler Technologies, Inc. has a 52 week low of $139.61 and a 52 week high of $184.38.
Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, October 25th. The technology company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. The company had revenue of $214.15 million for the quarter, compared to the consensus estimate of $216.80 million. Tyler Technologies had a return on equity of 12.81% and a net margin of 16.34%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the business posted $0.94 EPS. research analysts forecast that Tyler Technologies, Inc. will post 3.28 earnings per share for the current fiscal year.
TYL has been the topic of a number of analyst reports. Piper Jaffray Companies reaffirmed a “buy” rating and set a $200.00 price objective on shares of Tyler Technologies in a research note on Friday, October 27th. Northland Securities reaffirmed a “buy” rating and set a $200.00 price objective on shares of Tyler Technologies in a research note on Thursday, September 21st. BidaskClub raised Tyler Technologies from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Zacks Investment Research raised Tyler Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Tyler Technologies in a research report on Tuesday, October 24th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $193.00.
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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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