Tyler Technologies, Inc. (TYL) Director Sells $806,099.82 in Stock
Tyler Technologies, Inc. (NYSE:TYL) Director Larry D. Leinweber sold 4,371 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $184.42, for a total transaction of $806,099.82. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of Tyler Technologies, Inc. (TYL) opened at $180.22 on Friday. The firm has a market cap of $6,818.62, a price-to-earnings ratio of 55.67 and a beta of 0.97. Tyler Technologies, Inc. has a one year low of $139.61 and a one year high of $188.21.
Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, October 25th. The technology company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. The firm had revenue of $214.15 million for the quarter, compared to analysts’ expectations of $216.80 million. Tyler Technologies had a net margin of 16.34% and a return on equity of 12.81%. The company’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.94 earnings per share. equities analysts predict that Tyler Technologies, Inc. will post 3.28 earnings per share for the current fiscal year.
TYL has been the subject of several research analyst reports. Piper Jaffray Companies restated a “buy” rating and set a $200.00 price objective on shares of Tyler Technologies in a research report on Friday, October 27th. Northland Securities restated a “buy” rating and set a $200.00 price objective on shares of Tyler Technologies in a research report on Thursday, September 21st. BidaskClub upgraded shares of Tyler Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research upgraded shares of Tyler Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Finally, Needham & Company LLC restated a “buy” rating on shares of Tyler Technologies in a research report on Tuesday, October 24th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price 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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