H Lynn Moore, Jr. Sells 8,968 Shares of Tyler Technologies Inc. (TYL) Stock
Tyler Technologies Inc. (NYSE:TYL) VP H Lynn Moore, Jr. sold 8,968 shares of Tyler Technologies stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $169.23, for a total value of $1,517,654.64. Following the sale, the vice president now directly owns 71,683 shares in the company, valued at $12,130,914.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Tyler Technologies Inc. (NYSE:TYL) opened at 170.98 on Tuesday. The stock’s 50 day moving average price is $165.52 and its 200 day moving average price is $151.69. The company has a market capitalization of $6.21 billion, a price-to-earnings ratio of 99.64 and a beta of 1.20. Tyler Technologies Inc. has a 12-month low of $118.16 and a 12-month high of $184.01.
Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.03. The firm earned $188.97 million during the quarter, compared to analysts’ expectations of $192.12 million. Tyler Technologies had a net margin of 9.54% and a return on equity of 13.07%. Tyler Technologies’s revenue for the quarter was up 29.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 earnings per share. On average, equities research analysts anticipate that Tyler Technologies Inc. will post $3.48 earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in TYL. Tiverton Asset Management LLC boosted its stake in Tyler Technologies by 9.7% in the first quarter. Tiverton Asset Management LLC now owns 82,248 shares of the company’s stock worth $10,578,000 after buying an additional 7,248 shares during the period. Quadrature Capital Ltd purchased a new stake in Tyler Technologies during the first quarter worth about $832,000. State Street Corp boosted its stake in Tyler Technologies by 1.6% in the first quarter. State Street Corp now owns 1,073,305 shares of the company’s stock worth $138,031,000 after buying an additional 16,894 shares during the period. Huntington Asset Advisors Inc. purchased a new stake in Tyler Technologies during the first quarter worth about $386,000. Finally, JPMorgan Chase & Co. boosted its stake in Tyler Technologies by 96.5% in the first quarter. JPMorgan Chase & Co. now owns 384,327 shares of the company’s stock worth $49,429,000 after buying an additional 188,696 shares during the period. Institutional investors own 91.04% of the company’s stock.
A number of analysts have recently issued reports on TYL shares. Needham & Company LLC reaffirmed a “buy” rating and set a $160.00 target price on shares of Tyler Technologies in a research report on Friday, June 3rd. Maxim Group lifted their target price on Tyler Technologies from $196.00 to $206.00 and gave the stock a “buy” rating in a research report on Thursday, July 28th. Evercore Partners Inc. raised Tyler Technologies to a “buy” rating in a research report on Monday, June 27th. Evercore ISI raised Tyler Technologies from a “hold” rating to a “buy” rating and set a $184.00 target price on the stock in a research report on Monday, June 27th. Finally, Pacific Crest reaffirmed a “buy” rating on shares of Tyler Technologies in a research report on Thursday, June 23rd. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. Tyler Technologies has a consensus rating of “Buy” and an average target price of $179.16.
Tyler Technologies Company Profile
Tyler Technologies, Inc is a provider of information management solutions and services for the public sector, with a focus on local governments. The Company provides professional information technology (IT) services to its clients, including software and hardware installation, data conversion, training and product modifications.
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