Insider Selling: Tyler Technologies, Inc. (NYSE:TYL) CFO Sells 12,000 Shares of Stock

Tyler Technologies, Inc. (NYSE:TYL) CFO Brian K. Miller sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $179.75, for a total transaction of $2,157,000.00. Following the transaction, the chief financial officer now owns 56,694 shares of the company’s stock, valued at approximately $10,190,746.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of Tyler Technologies, Inc. (NYSE TYL) opened at $186.11 on Thursday. Tyler Technologies, Inc. has a 52-week low of $143.38 and a 52-week high of $188.21. The stock has a market cap of $6,990.00, a price-to-earnings ratio of 47.84 and a beta of 0.98.

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

Several research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Tyler Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. B. Riley downgraded shares of Tyler Technologies from a “buy” rating to a “neutral” rating and set a $184.00 price objective for the company. in a research report on Friday, October 27th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $200.00 price objective on shares of Tyler Technologies in a research report on Friday, October 27th. Maxim Group set a $197.00 price objective on shares of Tyler Technologies and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Tyler Technologies in a research report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $193.00.

A number of institutional investors and hedge funds have recently bought and sold shares of TYL. JPMorgan Chase & Co. raised its stake in shares of Tyler Technologies by 40.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,027,797 shares of the technology company’s stock worth $180,554,000 after purchasing an additional 294,817 shares during the period. Legal & General Group Plc raised 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 purchasing an additional 5,361 shares during the period. Howard Hughes Medical Institute bought a new stake in shares of Tyler Technologies during the 2nd quarter worth $1,048,000. State Board of Administration of Florida Retirement System raised 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 purchasing an additional 680 shares during the period. Finally, Shelton Capital Management bought a new stake in shares of Tyler Technologies during the 2nd quarter worth $460,000. 91.75% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: “Insider Selling: Tyler Technologies, Inc. (NYSE:TYL) CFO Sells 12,000 Shares of Stock” was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece on another website, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be accessed at https://www.dispatchtribunal.com/2018/01/11/tyler-technologies-inc-tyl-cfo-brian-k-miller-sells-12000-shares.html.

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.

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

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.

Leave a Reply