Tyler Technologies (NYSE:TYL) VP Brian K. Miller sold 4,000 shares of the firm’s stock in a transaction on Monday, May 21st. The shares were sold at an average price of $227.95, for a total value of $911,800.00. Following the transaction, the vice president now directly owns 52,298 shares in the company, valued at $11,921,329.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Tyler Technologies traded down $1.60, hitting $224.12, during trading hours on Tuesday, MarketBeat Ratings reports. 121,000 shares of the stock traded hands, compared to its average volume of 226,686. Tyler Technologies has a one year low of $160.12 and a one year high of $232.48. The stock has a market capitalization of $8.72 billion, a P/E ratio of 70.48, a P/E/G ratio of 5.98 and a beta of 0.91.
Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, May 2nd. The technology company reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.01. Tyler Technologies had a return on equity of 12.17% and a net margin of 19.65%. The business had revenue of $221.20 million during the quarter, compared to analysts’ expectations of $219.37 million. During the same quarter last year, the business posted $0.91 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. sell-side analysts expect that Tyler Technologies will post 3.81 EPS for the current year.
Large investors have recently added to or reduced their stakes in the stock. Ostrum Asset Management acquired a new position in shares of Tyler Technologies in the 1st quarter valued at $127,000. TLP Group LLC boosted its position in shares of Tyler Technologies by 941.9% in the 1st 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 period. ETRADE Capital Management LLC acquired a new position in shares of Tyler Technologies in the 1st quarter valued at $205,000. S&CO Inc. acquired a new position in shares of Tyler Technologies in the 1st quarter valued at $211,000. Finally, Capital Advisors Inc. OK acquired a new position in shares of Tyler Technologies in the 1st quarter valued at $211,000. Institutional investors and hedge funds own 93.56% of the company’s stock.
A number of research analysts have recently commented on TYL shares. Maxim Group raised their price target on Tyler Technologies from $197.00 to $220.00 and gave the company a “buy” rating in a report on Friday, February 16th. Needham & Company LLC reissued a “buy” rating and set a $235.00 price target on shares of Tyler Technologies in a report on Friday, February 23rd. Evercore ISI reissued a “buy” rating and set a $210.00 price target on shares of Tyler Technologies in a report on Friday, February 23rd. DA Davidson initiated coverage on Tyler Technologies in a research note on Wednesday, March 7th. They set a “neutral” rating and a $190.00 target price for the company. Finally, Robert W. Baird initiated coverage on Tyler Technologies in a research note on Tuesday, March 13th. They set an “outperform” rating and a $240.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company currently 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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