Tyler Technologies, Inc. (TYL) Director Sells $9,110,500.00 in Stock
Tyler Technologies, Inc. (NYSE:TYL) Director Larry D. Leinweber sold 50,000 shares of Tyler Technologies stock in a transaction on Monday, December 4th. The stock was sold at an average price of $182.21, for a total value of $9,110,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Tyler Technologies, Inc. (NYSE:TYL) traded up $1.92 during mid-day trading on Tuesday, reaching $183.71. 470,600 shares of the company’s stock were exchanged, compared to its average volume of 192,164. Tyler Technologies, Inc. has a twelve month low of $139.61 and a twelve month high of $184.38. The company has a market cap of $6,829.51, a P/E ratio of 55.76 and a beta of 0.97.
Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, October 25th. The technology company reported $1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.03. The firm had revenue of $214.15 million for the quarter, compared to analysts’ expectations of $216.80 million. Tyler Technologies had a net margin of 16.34% and a return on equity of 12.81%. The company’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.94 earnings per share. equities research analysts expect that Tyler Technologies, Inc. will post 3.28 EPS for the current year.
Large investors have recently modified their holdings of the company. Alps Advisors Inc. grew its holdings 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 valued at $542,000 after purchasing an additional 8 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Tyler Technologies by 0.6% in the second 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 increased its position in Tyler Technologies by 1.7% during the second quarter. Teacher Retirement System of Texas now owns 2,789 shares of the technology company’s stock valued at $490,000 after acquiring an additional 47 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Tyler Technologies by 8.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,412 shares of the technology company’s stock valued at $248,000 after acquiring an additional 114 shares during the last quarter. Finally, World Asset Management Inc increased its position in Tyler Technologies by 5.1% during the second quarter. World Asset Management Inc now owns 2,475 shares of the technology company’s stock valued at $435,000 after acquiring an additional 119 shares during the last quarter. 93.34% of the stock is currently owned by hedge funds and other institutional investors.
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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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