John S. Marr, Jr. Sells 20,000 Shares of Tyler Technologies, Inc. (TYL) Stock
Tyler Technologies, Inc. (NYSE:TYL) CEO John S. Marr, Jr. sold 20,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $175.57, for a total value of $3,511,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Tyler Technologies, Inc. (TYL) opened at $175.92 on Friday. Tyler Technologies, Inc. has a twelve month low of $139.61 and a twelve month high of $183.98. The firm has a market capitalization of $6,608.96, a price-to-earnings ratio of 53.96 and a beta of 0.99.
Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, October 25th. The technology company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. Tyler Technologies had a return on equity of 12.81% and a net margin of 16.34%. The business had revenue of $214.15 million for the quarter, compared to the consensus estimate of $216.80 million. During the same quarter in the previous year, the company posted $0.94 earnings per share. Tyler Technologies’s revenue for the quarter was up 10.1% compared to the same quarter last year. sell-side analysts expect that Tyler Technologies, Inc. will post 3.27 earnings per share for the current fiscal year.
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Hedge funds have recently modified their holdings of the company. YHB Investment Advisors Inc. purchased a new position in shares of Tyler Technologies during the second quarter valued at $209,000. Lakeview Capital Partners LLC purchased a new position in shares of Tyler Technologies during the second quarter valued at $211,000. D.A. Davidson & CO. grew its holdings 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 valued at $244,000 after buying an additional 163 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings 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 valued at $248,000 after buying an additional 114 shares in the last quarter. Finally, Fiduciary Trust Co. purchased a new position in shares of Tyler Technologies during the second quarter valued at $250,000. Institutional investors and hedge funds own 90.45% of the company’s stock.
A number of brokerages have recently issued reports on TYL. B. Riley reaffirmed a “buy” rating and set a $184.00 target price on shares of Tyler Technologies in a research report on Wednesday, August 2nd. BidaskClub lowered Tyler Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Northland Securities reaffirmed a “buy” rating and set a $200.00 target price on shares of Tyler Technologies in a research report on Thursday, September 21st. Zacks Investment Research lowered Tyler Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $200.00 target price on shares of Tyler Technologies in a research report on Friday, October 27th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $193.00.
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 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.
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