Tyler Technologies (TYL) Insider Sells $2,293,900.00 in Stock

Tyler Technologies (NYSE:TYL) insider H Lynn Moore, Jr. sold 10,000 shares of the company’s stock in a transaction on Monday, May 14th. The shares were sold at an average price of $229.39, for a total value of $2,293,900.00. Following the sale, the insider now directly owns 65,335 shares of the company’s stock, valued at $14,987,195.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Tyler Technologies opened at $227.23 on Friday, MarketBeat reports. The stock has a market capitalization of $8.68 billion, a P/E ratio of 71.46, a price-to-earnings-growth ratio of 5.95 and a beta of 0.91. Tyler Technologies has a 1 year low of $225.58 and a 1 year high of $227.86.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, May 2nd. The technology company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.01. The firm had revenue of $221.20 million during the quarter, compared to the consensus estimate of $219.37 million. Tyler Technologies had a return on equity of 12.17% and a net margin of 19.65%. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.91 EPS. analysts predict that Tyler Technologies will post 3.81 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its stake in Tyler Technologies by 0.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 28,057 shares of the technology company’s stock worth $4,968,000 after acquiring an additional 262 shares in the last quarter. United Capital Financial Advisers LLC lifted its stake in Tyler Technologies by 1.1% in the 1st quarter. United Capital Financial Advisers LLC now owns 24,681 shares of the technology company’s stock worth $5,207,000 after acquiring an additional 269 shares in the last quarter. Ashford Capital Management Inc. lifted its stake in Tyler Technologies by 0.6% in the 4th quarter. Ashford Capital Management Inc. now owns 52,683 shares of the technology company’s stock worth $9,328,000 after acquiring an additional 300 shares in the last quarter. Eqis Capital Management Inc. lifted its stake in Tyler Technologies by 5.5% in the 4th quarter. Eqis Capital Management Inc. now owns 6,173 shares of the technology company’s stock worth $1,093,000 after acquiring an additional 324 shares in the last quarter. Finally, Mutual of America Capital Management LLC lifted its stake in Tyler Technologies by 1.3% in the 4th quarter. Mutual of America Capital Management LLC now owns 28,624 shares of the technology company’s stock worth $5,068,000 after acquiring an additional 367 shares in the last quarter. 94.15% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently commented on TYL. Northland Securities reaffirmed an “outperform” rating and set a $240.00 target price (up from $200.00) on shares of Tyler Technologies in a report on Tuesday, April 24th. Needham & Company LLC upped their target price on Tyler Technologies from $235.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, April 24th. Zacks Investment Research downgraded Tyler Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, May 9th. Piper Jaffray reaffirmed a “buy” rating and set a $245.00 target price on shares of Tyler Technologies in a report on Monday, April 23rd. Finally, Maxim Group reaffirmed a “hold” rating on shares of Tyler Technologies in a report on Monday, April 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock presently 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.

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

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