Tyler Technologies, Inc. (NYSE:TYL) President H Lynn Moore, Jr. sold 6,000 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $184.53, for a total value of $1,107,180.00. Following the transaction, the president now directly owns 61,278 shares of the company’s stock, valued at approximately $11,307,629.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Tyler Technologies, Inc. (NYSE:TYL) traded down $0.76 during trading hours on Tuesday, reaching $182.89. The company’s stock had a trading volume of 178,200 shares, compared to its average volume of 193,510. Tyler Technologies, Inc. has a one year low of $139.61 and a one year high of $188.21. The stock has a market capitalization of $6,899.39, a price-to-earnings ratio of 56.33 and a beta of 0.97.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, October 25th. The technology company reported $1.05 EPS for the quarter, beating the 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 company had revenue of $214.15 million for the quarter, compared to analyst estimates of $216.80 million. During the same period last year, the company posted $0.94 earnings per share. The firm’s revenue was up 10.1% compared to the same quarter last year. equities research analysts expect that Tyler Technologies, Inc. will post 3.28 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Zions Bancorporation purchased a new stake in shares of Tyler Technologies during the third quarter worth about $156,000. CIBC Asset Management Inc purchased a new stake in shares of Tyler Technologies during the third quarter worth about $218,000. D.A. Davidson & CO. increased its position in shares of Tyler Technologies by 13.3% during the second quarter. D.A. Davidson & CO. now owns 1,391 shares of the technology company’s stock worth $244,000 after acquiring an additional 163 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Tyler Technologies by 8.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,412 shares of the technology company’s stock worth $248,000 after acquiring an additional 114 shares during the last quarter. Finally, Fiduciary Trust Co. purchased a new stake in shares of Tyler Technologies during the second quarter worth about $250,000. 93.34% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on TYL shares. Zacks Investment Research upgraded Tyler Technologies from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. BidaskClub upgraded Tyler Technologies from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Piper Jaffray Companies restated a “buy” rating and set a $200.00 price objective on shares of Tyler Technologies in a report on Sunday, August 27th. Northland Securities restated a “buy” rating and set a $200.00 price objective on shares of Tyler Technologies in a report on Thursday, September 21st. Finally, Citigroup began coverage on Tyler Technologies in a report on Friday, September 22nd. They set a “buy” rating and a $200.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $193.00.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this news story on another site, it was illegally copied and republished in violation of international trademark and copyright laws. The correct version of this news story can be read at https://www.americanbankingnews.com/2017/12/12/h-lynn-moore-jr-sells-6000-shares-of-tyler-technologies-inc-tyl-stock-2.html.

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)

Receive News & Ratings for Tyler Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyler Technologies and related companies with MarketBeat.com's FREE daily email newsletter.