Tyler Technologies, Inc. (TYL) CFO Sells $1,103,830.00 in Stock
Tyler Technologies, Inc. (NYSE:TYL) CFO Brian K. Miller sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $157.69, for a total value of $1,103,830.00. Following the completion of the sale, the chief financial officer now directly owns 54,151 shares in the company, valued at $8,539,071.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Tyler Technologies, Inc. (NYSE:TYL) opened at 156.25 on Tuesday. Tyler Technologies, Inc. has a 1-year low of $120.33 and a 1-year high of $175.77. The company has a 50 day moving average of $152.90 and a 200 day moving average of $156.31. The company has a market cap of $5.75 billion, a PE ratio of 55.41 and a beta of 1.00.
Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, February 8th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.88 by $0.02. Tyler Technologies had a net margin of 11.83% and a return on equity of 13.50%. The firm had revenue of $195.10 million for the quarter, compared to analysts’ expectations of $197.78 million. During the same period in the previous year, the firm posted $0.59 EPS. The company’s revenue for the quarter was up 21.6% on a year-over-year basis. Equities analysts expect that Tyler Technologies, Inc. will post $3.88 earnings per share for the current fiscal year.
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Large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its stake in shares of Tyler Technologies by 32.8% in the second quarter. Public Employees Retirement System of Ohio now owns 87,758 shares of the company’s stock valued at $14,630,000 after buying an additional 21,659 shares during the period. Mason Street Advisors LLC acquired a new stake in shares of Tyler Technologies during the second quarter valued at approximately $2,471,000. Oregon Public Employees Retirement Fund boosted its stake in shares of Tyler Technologies by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 11,411 shares of the company’s stock valued at $1,954,000 after buying an additional 224 shares during the period. Creative Planning boosted its stake in shares of Tyler Technologies by 5.1% in the third quarter. Creative Planning now owns 683 shares of the company’s stock valued at $117,000 after buying an additional 33 shares during the period. Finally, Capstone Asset Management Co. boosted its stake in shares of Tyler Technologies by 0.9% in the third quarter. Capstone Asset Management Co. now owns 3,760 shares of the company’s stock valued at $644,000 after buying an additional 32 shares during the period. 86.37% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research downgraded Tyler Technologies from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 18th. B. Riley reaffirmed a “buy” rating and issued a $184.00 price target on shares of Tyler Technologies in a research report on Wednesday, February 15th. Maxim Group lowered their price target on Tyler Technologies from $210.00 to $197.00 and set a “buy” rating on the stock in a research report on Thursday, February 9th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $185.00 price target on shares of Tyler Technologies in a research report on Thursday, February 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $177.83.
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 provides professional information technology (IT) services to its clients, including software and hardware installation, data conversion, training and product modifications.
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