Tyler Technologies, Inc. (NYSE:TYL) Director Daniel M. Pope sold 1,785 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $253.97, for a total transaction of $453,336.45. Following the completion of the transaction, the director now directly owns 2,884 shares in the company, valued at $732,449.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
NYSE TYL opened at $253.12 on Friday. The company has a market cap of $9.72 billion, a PE ratio of 67.68 and a beta of 0.92. Tyler Technologies, Inc. has a 52 week low of $173.26 and a 52 week high of $257.51. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.02. The firm’s 50-day simple moving average is $232.02 and its two-hundred day simple moving average is $217.11.
Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.05. The business had revenue of $275.10 million for the quarter, compared to the consensus estimate of $274.88 million. Tyler Technologies had a net margin of 12.96% and a return on equity of 11.44%. The company’s revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.18 earnings per share. As a group, equities research analysts anticipate that Tyler Technologies, Inc. will post 4.16 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Waratah Capital Advisors Ltd. purchased a new stake in Tyler Technologies during the second quarter valued at about $3,792,000. Capital Investment Services of America Inc. lifted its holdings in Tyler Technologies by 13.5% during the second quarter. Capital Investment Services of America Inc. now owns 57,864 shares of the technology company’s stock valued at $12,500,000 after purchasing an additional 6,895 shares during the last quarter. California State Teachers Retirement System lifted its holdings in Tyler Technologies by 0.4% during the first quarter. California State Teachers Retirement System now owns 60,436 shares of the technology company’s stock valued at $12,353,000 after purchasing an additional 237 shares during the last quarter. Twin Tree Management LP lifted its holdings in shares of Tyler Technologies by 116.7% in the first quarter. Twin Tree Management LP now owns 5,258 shares of the technology company’s stock worth $1,075,000 after buying an additional 2,832 shares in the last quarter. Finally, Fort L.P. lifted its holdings in shares of Tyler Technologies by 31.6% in the first quarter. Fort L.P. now owns 10,049 shares of the technology company’s stock worth $2,054,000 after buying an additional 2,412 shares in the last quarter. 88.35% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts recently weighed in on TYL shares. Needham & Company LLC boosted their price target on shares of Tyler Technologies to $280.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Zacks Investment Research raised shares of Tyler Technologies from a “sell” rating to a “hold” rating in a report on Friday, July 5th. KeyCorp reissued a “hold” rating on shares of Tyler Technologies in a report on Thursday, August 1st. Benchmark boosted their price target on shares of Tyler Technologies from $235.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, ValuEngine raised shares of Tyler Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Tyler Technologies has a consensus rating of “Buy” and an average target price of $249.50.
About Tyler Technologies
Tyler Technologies, Inc provides integrated information management solutions and services for the public sector in the United States and internationally. The company operates in two segments, Enterprise Software, and Appraisal and Tax. It offers financial management solutions, including modular fund accounting systems for government agencies or not-for-profit entities; utility billing systems for the billing and collection of metered and non-metered services; products to automate city and county functions, such as municipal courts, parking tickets, equipment and project costing, animal and business licenses, permits and inspections, code enforcement, citizen complaint tracking, ambulance billing, fleet maintenance, and cemetery records management; and student information and transportation solutions for K-12 schools.
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