Tyler Technologies, Inc. (NYSE:TYL) Director Brenda A. Cline sold 4,000 shares of the firm’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $250.39, for a total value of $1,001,560.00. Following the sale, the director now directly owns 5,000 shares in the company, valued at approximately $1,251,950. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Tyler Technologies stock traded down $5.39 during midday trading on Monday, reaching $219.97. The stock had a trading volume of 186,600 shares, compared to its average volume of 197,808. Tyler Technologies, Inc. has a 12 month low of $168.12 and a 12 month high of $252.47. The firm has a market capitalization of $9.47 billion, a price-to-earnings ratio of 70.09, a PEG ratio of 6.46 and a beta of 0.82.
Tyler Technologies (NYSE:TYL) last issued its earnings results on Thursday, July 26th. The technology company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.05. The business had revenue of $236.10 million during the quarter, compared to analyst estimates of $233.28 million. Tyler Technologies had a return on equity of 11.70% and a net margin of 19.91%. The firm’s revenue was up 13.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 EPS. On average, sell-side analysts predict that Tyler Technologies, Inc. will post 3.79 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of TYL. Ostrum Asset Management bought a new position in shares of Tyler Technologies in the first quarter valued at approximately $127,000. TLP Group LLC lifted its stake in Tyler Technologies by 941.9% in the first quarter. TLP Group LLC now owns 969 shares of the technology company’s stock valued at $204,000 after purchasing an additional 876 shares during the last quarter. ETRADE Capital Management LLC purchased a new position in Tyler Technologies in the first quarter valued at approximately $205,000. Alps Advisors Inc. purchased a new position in Tyler Technologies in the second quarter valued at approximately $209,000. Finally, Welch & Forbes LLC purchased a new position in Tyler Technologies in the second quarter valued at approximately $222,000. 92.27% of the stock is owned by hedge funds and other institutional investors.
TYL has been the topic of several recent research reports. B. Riley lifted their target price on Tyler Technologies from $200.00 to $206.00 and gave the stock a “neutral” rating in a report on Monday, July 30th. Zacks Investment Research downgraded Tyler Technologies from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Robert W. Baird reaffirmed a “buy” rating and set a $260.00 target price (up from $240.00) on shares of Tyler Technologies in a report on Friday, July 27th. Finally, Piper Jaffray Companies boosted their price objective on Tyler Technologies from $242.00 to $260.00 and gave the company an “overweight” rating in a research note on Monday, June 25th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Tyler Technologies presently has a consensus rating of “Buy” and a consensus target price of $236.30.
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.
See Also: Google Finance Portfolio
Receive News & Ratings for Tyler Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyler Technologies and related companies with MarketBeat.com's FREE daily email newsletter.