Tyler Technologies (NYSE:TYL) insider H Lynn Moore, Jr. sold 10,000 shares of the stock in a transaction on Monday, May 14th. The stock was sold at an average price of $229.39, for a total value of $2,293,900.00. Following the completion of the transaction, the insider now directly owns 65,335 shares of the company’s stock, valued at approximately $14,987,195.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Tyler Technologies opened at $227.23 on Friday, MarketBeat Ratings reports. Tyler Technologies has a fifty-two week low of $225.58 and a fifty-two week high of $227.86. The stock has a market cap of $8.68 billion, a P/E ratio of 71.46, a PEG ratio of 5.95 and a beta of 0.91.
Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, May 2nd. The technology company reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.01. Tyler Technologies had a return on equity of 12.17% and a net margin of 19.65%. The business had revenue of $221.20 million during the quarter, compared to analysts’ expectations of $219.37 million. During the same quarter last year, the business posted $0.91 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. equities analysts forecast that Tyler Technologies will post 3.81 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in TYL. Ostrum Asset Management purchased a new stake in shares of Tyler Technologies during the first quarter valued at $127,000. San Francisco Sentry Investment Group CA lifted its holdings in shares of Tyler Technologies by 1,334.7% during the fourth quarter. San Francisco Sentry Investment Group CA now owns 1,076 shares of the technology company’s stock valued at $191,000 after purchasing an additional 1,001 shares during the last quarter. TLP Group LLC lifted its holdings in shares of Tyler Technologies by 941.9% during the first quarter. TLP Group LLC now owns 969 shares of the technology company’s stock valued at $204,000 after purchasing an additional 876 shares during the last quarter. ETRADE Capital Management LLC purchased a new stake in shares of Tyler Technologies during the first quarter valued at $205,000. Finally, S&CO Inc. purchased a new stake in shares of Tyler Technologies during the first quarter valued at $211,000. 94.15% of the stock is owned by institutional investors and hedge funds.
TYL has been the subject of several recent analyst reports. Evercore ISI reissued a “buy” rating and issued a $210.00 price target on shares of Tyler Technologies in a research note on Friday, February 23rd. Zacks Investment Research cut Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, April 3rd. Maxim Group set a $220.00 price target on Tyler Technologies and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Robert W. Baird initiated coverage on Tyler Technologies in a research note on Tuesday, March 13th. They issued an “outperform” rating and a $240.00 price target for the company. Finally, Needham & Company LLC reissued a “buy” rating and issued a $235.00 price target on shares of Tyler Technologies in a research note on Friday, February 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $221.08.
Tyler Technologies Company Profile
Tyler Technologies, Inc provides integrated information management solutions and services for the public sector in the United States and internationally. It operates through two segments, Enterprise Software, and Appraisal and Tax. The company's financial management solutions include modular fund accounting systems for government agencies or not-for-profit entities; and utility billing systems for the billing and collection of metered and non-metered services.
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