Tyler Technologies, Inc. (NYSE:TYL) Director Larry D. Leinweber sold 50,000 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $182.21, for a total transaction of $9,110,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Tyler Technologies, Inc. (TYL) opened at $184.11 on Friday. The company has a market cap of $6,920.00, a price-to-earnings ratio of 56.35 and a beta of 0.97. Tyler Technologies, Inc. has a 12 month low of $139.61 and a 12 month high of $188.21.
Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, October 25th. The technology company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. The firm had revenue of $214.15 million during the quarter, compared to analysts’ expectations of $216.80 million. Tyler Technologies had a net margin of 16.34% and a return on equity of 12.81%. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.94 earnings per share. equities research analysts expect that Tyler Technologies, Inc. will post 3.28 earnings per share for the current fiscal year.
Several research analysts recently commented on the stock. Zacks Investment Research cut shares of Tyler Technologies from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. BidaskClub upgraded shares of Tyler Technologies from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. B. Riley reiterated a “neutral” rating and issued a $184.00 price target on shares of Tyler Technologies in a research note on Thursday, October 26th. Northland Securities reiterated a “buy” rating and issued a $200.00 price target on shares of Tyler Technologies in a research note on Thursday, September 21st. Finally, Maxim Group set a $197.00 price target on shares of Tyler Technologies and gave the company a “buy” rating in a research note on Thursday, October 26th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $193.00.
Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its stake in Tyler Technologies by 40.2% in the second quarter. JPMorgan Chase & Co. now owns 1,027,797 shares of the technology company’s stock valued at $180,554,000 after acquiring an additional 294,817 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Tyler Technologies by 25.2% during the 2nd quarter. Legal & General Group Plc now owns 26,654 shares of the technology company’s stock worth $4,682,000 after buying an additional 5,361 shares during the last quarter. Howard Hughes Medical Institute acquired a new stake in shares of Tyler Technologies during the 2nd quarter worth about $1,048,000. State Board of Administration of Florida Retirement System lifted its stake in shares of Tyler Technologies by 1.6% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 43,016 shares of the technology company’s stock worth $7,557,000 after buying an additional 680 shares during the last quarter. Finally, Shelton Capital Management acquired a new stake in shares of Tyler Technologies during the 2nd quarter worth about $460,000. Hedge funds and other institutional investors own 93.34% of the company’s stock.
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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 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.
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