Tyler Technologies, Inc. (TYL) CEO Sells $3,143,810.00 in Stock
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 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.
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