Tyler Technologies, Inc. (NYSE:TYL) Director Larry D. Leinweber sold 70,147 shares of the company’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $155.80, for a total transaction of $10,928,902.60. The transaction was disclosed in a filing with the SEC, which is available at this link.
Tyler Technologies, Inc. (NYSE:TYL) traded down 1.00% during mid-day trading on Thursday, hitting $154.10. 97,753 shares of the stock were exchanged. The stock has a 50 day moving average of $149.03 and a 200-day moving average of $157.64. Tyler Technologies, Inc. has a 52-week low of $118.16 and a 52-week high of $175.77. The stock has a market cap of $5.65 billion, a price-to-earnings ratio of 54.65 and a beta of 1.00.
Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, February 8th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.02. The firm earned $195.10 million during the quarter, compared to the consensus estimate of $197.78 million. Tyler Technologies had a return on equity of 13.50% and a net margin of 11.83%. The firm’s quarterly revenue was up 21.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 earnings per share. Equities analysts predict that Tyler Technologies, Inc. will post $3.88 EPS for the current fiscal year.
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A number of research analysts have issued reports on TYL shares. Maxim Group boosted their price objective on shares of Tyler Technologies from $206.00 to $213.00 and gave the company a “buy” rating in a research report on Tuesday, October 25th. Needham & Company LLC reissued a “buy” rating and set a $185.00 price objective on shares of Tyler Technologies in a research report on Thursday, December 15th. B. Riley reissued a “buy” rating and set a $184.00 price objective on shares of Tyler Technologies in a research report on Wednesday. Finally, Pacific Crest reissued a “buy” rating on shares of Tyler Technologies in a research report on Sunday, October 30th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $177.83.
Several hedge funds have recently added to or reduced their stakes in the stock. Creative Planning increased its stake in 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 last quarter. Massmutual Trust Co. FSB ADV purchased a new stake in Tyler Technologies during the fourth quarter valued at $186,000. YHB Investment Advisors Inc. purchased a new stake in Tyler Technologies during the third quarter valued at $204,000. Parametrica Management Ltd purchased a new stake in Tyler Technologies during the third quarter valued at $206,000. Finally, Capital Analysts LLC increased its stake in Tyler Technologies by 27.3% in the fourth quarter. Capital Analysts LLC now owns 1,470 shares of the company’s stock valued at $210,000 after buying an additional 315 shares during the last quarter. Hedge funds and other institutional investors own 86.37% of the company’s stock.
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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