Tyler Technologies, Inc. (TYL) Director Sells $3,866,255.55 in Stock
Tyler Technologies, Inc. (NYSE:TYL) Director Larry D. Leinweber sold 21,249 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $181.95, for a total value of $3,866,255.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Tyler Technologies, Inc. (NYSE:TYL) traded up $1.92 during trading on Tuesday, hitting $183.71. The stock had a trading volume of 470,600 shares, compared to its average volume of 192,164. The stock has a market cap of $6,829.51, a P/E ratio of 55.76 and a beta of 0.97. Tyler Technologies, Inc. has a 52 week low of $139.61 and a 52 week high of $184.38.
Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, October 25th. The technology company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. The company had revenue of $214.15 million for the quarter, compared to the consensus estimate of $216.80 million. Tyler Technologies had a return on equity of 12.81% and a net margin of 16.34%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the business posted $0.94 EPS. research analysts forecast that Tyler Technologies, Inc. will post 3.28 earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in TYL. Janus Henderson Group PLC raised its holdings in shares of Tyler Technologies by 327.0% in the 2nd quarter. Janus Henderson Group PLC now owns 1,865,432 shares of the technology company’s stock worth $327,700,000 after purchasing an additional 1,428,513 shares during the period. Koch Industries Inc. grew its stake in shares of Tyler Technologies by 18,128.1% in the second quarter. Koch Industries Inc. now owns 401,747 shares of the technology company’s stock valued at $399,000 after buying an additional 399,543 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Tyler Technologies by 40.2% in the second quarter. JPMorgan Chase & Co. now owns 1,027,797 shares of the technology company’s stock valued at $180,554,000 after buying an additional 294,817 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Tyler Technologies by 71.8% in the second quarter. Franklin Resources Inc. now owns 536,791 shares of the technology company’s stock valued at $94,299,000 after buying an additional 224,410 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Tyler Technologies by 5.7% in the second quarter. Vanguard Group Inc. now owns 2,804,393 shares of the technology company’s stock valued at $492,648,000 after buying an additional 150,879 shares in the last quarter. Institutional investors own 93.34% of the company’s stock.
TYL has been the topic of a number of analyst reports. Piper Jaffray Companies reaffirmed a “buy” rating and set a $200.00 price objective on shares of Tyler Technologies in a research note on Friday, October 27th. Northland Securities reaffirmed a “buy” rating and set a $200.00 price objective on shares of Tyler Technologies in a research note on Thursday, September 21st. BidaskClub raised Tyler Technologies from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Zacks Investment Research raised Tyler Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Tyler Technologies in a research report on Tuesday, October 24th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $193.00.
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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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