Tyler Technologies, Inc. (TYL) VP Sells $708,360.00 in Stock

Tyler Technologies, Inc. (NYSE:TYL) VP Brian K. Miller sold 3,000 shares of Tyler Technologies stock in a transaction that occurred on Tuesday, June 12th. The stock was sold at an average price of $236.12, for a total transaction of $708,360.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of NYSE:TYL traded up $1.34 during trading on Thursday, hitting $237.08. 6,772 shares of the company were exchanged, compared to its average volume of 219,887. The company has a market capitalization of $8.89 billion, a PE ratio of 74.42, a P/E/G ratio of 6.10 and a beta of 0.90. Tyler Technologies, Inc. has a 12-month low of $165.14 and a 12-month high of $237.80.

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

A number of research analysts recently issued reports on the stock. Northland Securities reiterated an “outperform” rating and issued a $240.00 price target (up previously from $200.00) on shares of Tyler Technologies in a research note on Tuesday, April 24th. Needham & Company LLC lifted their price target on shares of Tyler Technologies from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, April 24th. Zacks Investment Research downgraded shares of Tyler Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, May 9th. Piper Jaffray Companies reiterated a “buy” rating and issued a $245.00 price target on shares of Tyler Technologies in a research note on Monday, April 23rd. Finally, Maxim Group reiterated a “hold” rating on shares of Tyler Technologies in a research note on Monday, April 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $221.08.

Several large investors have recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Tyler Technologies by 3.7% during the 1st quarter. BlackRock Inc. now owns 3,021,851 shares of the technology company’s stock worth $637,490,000 after buying an additional 106,479 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Tyler Technologies by 2.6% during the 1st quarter. JPMorgan Chase & Co. now owns 1,115,848 shares of the technology company’s stock worth $235,399,000 after buying an additional 28,513 shares during the last quarter. TimesSquare Capital Management LLC lifted its position in shares of Tyler Technologies by 9.4% during the 4th quarter. TimesSquare Capital Management LLC now owns 811,300 shares of the technology company’s stock worth $143,641,000 after buying an additional 69,650 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Tyler Technologies by 0.7% during the 1st quarter. Franklin Resources Inc. now owns 802,031 shares of the technology company’s stock worth $169,227,000 after buying an additional 5,608 shares during the last quarter. Finally, Two Creeks Capital Management LP lifted its position in shares of Tyler Technologies by 9.2% during the 4th quarter. Two Creeks Capital Management LP now owns 589,107 shares of the technology company’s stock worth $104,301,000 after buying an additional 49,865 shares during the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

About Tyler Technologies

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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