Insider Selling: Tyler Technologies, Inc. (TYL) Insider Sells 30,000 Shares of Stock
Tyler Technologies, Inc. (NYSE:TYL) insider John S. Marr, Jr. sold 30,000 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $200.84, for a total value of $6,025,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
NYSE TYL traded down $0.02 during trading hours on Thursday, hitting $201.62. 502,725 shares of the company’s stock were exchanged, compared to its average volume of 298,577. Tyler Technologies, Inc. has a 12-month low of $173.26 and a 12-month high of $252.47. The company has a market capitalization of $7.72 billion, a PE ratio of 53.91, a price-to-earnings-growth ratio of 4.83 and a beta of 0.92.
Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, February 20th. The technology company reported $1.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.29. Tyler Technologies had a return on equity of 11.28% and a net margin of 15.74%. The firm had revenue of $242.00 million for the quarter, compared to the consensus estimate of $244.65 million. During the same period in the prior year, the business posted $1.07 earnings per share. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. Sell-side analysts predict that Tyler Technologies, Inc. will post 4.17 EPS for the current fiscal year.
Several brokerages have recently issued reports on TYL. Zacks Investment Research downgraded Tyler Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, February 28th. TheStreet upgraded Tyler Technologies from a “c+” rating to a “b-” rating in a research report on Friday, February 15th. ValuEngine downgraded Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Friday, February 22nd. KeyCorp restated a “hold” rating on shares of Tyler Technologies in a research report on Thursday, February 21st. Finally, Northland Securities restated a “buy” rating and issued a $240.00 price objective on shares of Tyler Technologies in a research report on Friday, February 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $238.56.
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About Tyler Technologies
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.
Further Reading: Return On Assets
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