Insider Selling: Tyler Technologies, Inc. (TYL) Director Sells 22,217 Shares of Stock

Tyler Technologies, Inc. (NYSE:TYL) Director Larry D. Leinweber sold 22,217 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $182.14, for a total value of $4,046,604.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Tyler Technologies, Inc. (NYSE:TYL) traded down $0.22 during trading on Thursday, reaching $181.28. The company had a trading volume of 141,400 shares, compared to its average volume of 193,401. The company has a market capitalization of $6,818.62, a price-to-earnings ratio of 55.67 and a beta of 0.97. Tyler Technologies, Inc. has a 1-year low of $139.61 and a 1-year high of $188.21.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, October 25th. The technology company reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.03. The business had revenue of $214.15 million for the quarter, compared to analyst estimates of $216.80 million. Tyler Technologies had a return on equity of 12.81% and a net margin of 16.34%. Tyler Technologies’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the company posted $0.94 earnings per share. equities analysts forecast that Tyler Technologies, Inc. will post 3.28 EPS for the current fiscal year.

TYL has been the topic of a number of recent research reports. Needham & Company LLC restated a “buy” rating on shares of Tyler Technologies in a report on Tuesday, October 24th. KeyCorp restated a “buy” rating and issued a $180.00 target price on shares of Tyler Technologies in a report on Friday, October 6th. Citigroup initiated coverage on Tyler Technologies in a report on Friday, September 22nd. They issued a “buy” rating and a $200.00 target price on the stock. Northland Securities restated a “buy” rating and issued a $200.00 target price on shares of Tyler Technologies in a report on Thursday, September 21st. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $200.00 target price on shares of Tyler Technologies in a report on Sunday, August 27th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $193.00.

A number of institutional investors have recently modified their holdings of the stock. Great West Life Assurance Co. Can raised its stake in shares of Tyler Technologies by 0.8% in the second quarter. Great West Life Assurance Co. Can now owns 20,255 shares of the technology company’s stock valued at $3,557,000 after buying an additional 157 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Tyler Technologies by 4.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 98,579 shares of the technology company’s stock valued at $17,318,000 after buying an additional 4,508 shares during the period. Arizona State Retirement System raised its stake in shares of Tyler Technologies by 2.2% in the second quarter. Arizona State Retirement System now owns 14,200 shares of the technology company’s stock valued at $2,495,000 after buying an additional 300 shares during the period. First Trust Advisors LP bought a new stake in shares of Tyler Technologies in the second quarter valued at $776,000. Finally, Teacher Retirement System of Texas raised its stake in shares of Tyler Technologies by 1.7% in the second quarter. Teacher Retirement System of Texas now owns 2,789 shares of the technology company’s stock valued at $490,000 after buying an additional 47 shares during the period. Institutional investors and hedge funds own 93.34% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Tyler Technologies (NYSE:TYL)

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