Tyler Technologies, Inc. (NYSE:TYL) CEO John S. Marr, Jr. sold 17,000 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $184.93, for a total value of $3,143,810.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Tyler Technologies, Inc. (NYSE TYL) traded down $0.01 on Wednesday, hitting $183.70. The company’s stock had a trading volume of 522,700 shares, compared to its average volume of 193,576. Tyler Technologies, Inc. has a 1 year low of $139.61 and a 1 year high of $188.21. The firm has a market cap of $6,901.64, a P/E ratio of 56.35 and a beta of 0.97.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, October 25th. The technology company reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.03. Tyler Technologies had a return on equity of 12.81% and a net margin of 16.34%. The firm 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 business posted $0.94 EPS. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. equities analysts forecast that Tyler Technologies, Inc. will post 3.28 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Alps Advisors Inc. raised its stake in shares of Tyler Technologies by 0.3% in 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 period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Tyler Technologies by 0.6% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,925 shares of the technology company’s stock valued at $865,000 after purchasing an additional 30 shares during the period. Teacher Retirement System of Texas raised its stake in shares of Tyler Technologies by 1.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 2,789 shares of the technology company’s stock valued at $490,000 after purchasing an additional 47 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Tyler Technologies by 8.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,412 shares of the technology company’s stock valued at $248,000 after purchasing an additional 114 shares during the period. Finally, World Asset Management Inc raised its stake in shares of Tyler Technologies by 5.1% in the 2nd quarter. World Asset Management Inc now owns 2,475 shares of the technology company’s stock valued at $435,000 after purchasing an additional 119 shares during the period. 93.34% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently commented on the company. 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. B. Riley reaffirmed a “neutral” rating and set a $184.00 price objective on shares of Tyler Technologies in a research note on Thursday, October 26th. Needham & Company LLC reaffirmed a “buy” rating on shares of Tyler Technologies in a research note on Tuesday, October 24th. Finally, 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. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $193.00.

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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.

Insider Buying and Selling by Quarter for Tyler Technologies (NYSE:TYL)

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