Tyler Technologies (NYSE:TYL) insider H Lynn Moore, Jr. sold 8,000 shares of the company’s stock in a transaction dated Friday, May 18th. The stock was sold at an average price of $227.35, for a total value of $1,818,800.00. Following the sale, the insider now owns 63,335 shares of the company’s stock, valued at $14,399,212.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Tyler Technologies opened at $224.12 on Wednesday, according to Marketbeat.com. Tyler Technologies has a fifty-two week low of $160.12 and a fifty-two week high of $232.48. The company has a market cap of $8.72 billion, a price-to-earnings ratio of 70.48, a price-to-earnings-growth ratio of 5.98 and a beta of 0.91.
Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, May 2nd. The technology company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.01. Tyler Technologies had a return on equity of 12.17% and a net margin of 19.65%. The firm had revenue of $221.20 million during the quarter, compared to analyst estimates of $219.37 million. During the same quarter last year, the firm earned $0.91 EPS. Tyler Technologies’s quarterly revenue was up 10.8% on a year-over-year basis. equities research analysts forecast that Tyler Technologies will post 3.81 earnings per share for the current year.
TYL has been the subject of several research analyst reports. Benchmark restated a “buy” rating and set a $250.00 price target (up from $225.00) on shares of Tyler Technologies in a research note on Thursday, April 19th. Zacks Investment Research upgraded Tyler Technologies from a “hold” rating to a “buy” rating and set a $234.00 target price for the company in a research note on Thursday, April 12th. ValuEngine upgraded Tyler Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, April 4th. Evercore ISI reiterated a “buy” rating and issued a $210.00 target price on shares of Tyler Technologies in a research note on Friday, February 23rd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $235.00 target price on shares of Tyler Technologies in a research note on Friday, February 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $221.08.
Tyler Technologies Company Profile
Tyler Technologies, Inc provides integrated information management solutions and services for the public sector in the United States and internationally. It operates through two segments, Enterprise Software, and Appraisal and Tax. The company's financial management solutions include modular fund accounting systems for government agencies or not-for-profit entities; and utility billing systems for the billing and collection of metered and non-metered services.
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