Tyler Technologies, Inc. (NYSE:TYL) VP Brian K. Miller sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $176.86, for a total transaction of $884,300.00. Following the sale, the vice president now owns 55,694 shares in the company, valued at approximately $9,850,040.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Tyler Technologies, Inc. (TYL) traded up $2.80 during mid-day trading on Wednesday, hitting $177.90. 188,700 shares of the stock were exchanged, compared to its average volume of 190,853. Tyler Technologies, Inc. has a fifty-two week low of $139.61 and a fifty-two week high of $183.98. The stock has a market cap of $6,578.18, a P/E ratio of 53.71 and a beta of 0.99.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, October 25th. The technology company reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.03. Tyler Technologies had a net margin of 16.34% and a return on equity of 12.81%. The business 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 firm posted $0.94 EPS. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. analysts forecast that Tyler Technologies, Inc. will post 3.27 earnings per share for the current year.

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TYL has been the topic of a number of analyst reports. Maxim Group set a $197.00 target price on shares of Tyler Technologies and gave the stock a “buy” rating in a research report on Thursday, July 27th. B. Riley reiterated a “buy” rating and issued a $184.00 price target on shares of Tyler Technologies in a report on Friday, July 28th. BidaskClub lowered shares of Tyler Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Zacks Investment Research lowered shares of Tyler Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $200.00 price target on shares of Tyler Technologies in a report on Sunday, August 27th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $193.00.

Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in Tyler Technologies by 40.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,027,797 shares of the technology company’s stock worth $180,554,000 after buying an additional 294,817 shares during the period. Morgan Stanley increased its stake in Tyler Technologies by 24.5% during the 1st quarter. Morgan Stanley now owns 71,848 shares of the technology company’s stock worth $11,105,000 after buying an additional 14,119 shares during the period. Legal & General Group Plc increased its stake in Tyler Technologies by 25.2% during the 2nd quarter. Legal & General Group Plc now owns 26,654 shares of the technology company’s stock worth $4,682,000 after buying an additional 5,361 shares during the period. Howard Hughes Medical Institute acquired a new position in Tyler Technologies during the 2nd quarter worth $1,048,000. Finally, State Board of Administration of Florida Retirement System grew its holdings in Tyler Technologies by 1.6% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 43,016 shares of the technology company’s stock worth $7,557,000 after acquiring an additional 680 shares in the last quarter. 90.92% of the stock is currently owned by hedge funds and other institutional investors.

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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