Tyler Technologies (TYL) Insider Sells $2,293,900.00 in Stock

Tyler Technologies (NYSE:TYL) insider H Lynn Moore, Jr. sold 10,000 shares of Tyler Technologies stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $229.39, for a total transaction of $2,293,900.00. Following the completion of the transaction, the insider now directly owns 65,335 shares of the company’s stock, valued at $14,987,195.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Tyler Technologies stock opened at $227.75 on Friday. The stock has a market cap of $8.69 billion, a price-to-earnings ratio of 71.62, a PEG ratio of 5.96 and a beta of 0.91. Tyler Technologies has a 52-week low of $160.12 and a 52-week high of $232.48.

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



TYL has been the subject of several research reports. Benchmark reaffirmed a “buy” rating and issued a $250.00 price target (up from $225.00) on shares of Tyler Technologies in a report on Thursday, April 19th. DA Davidson initiated coverage on shares of Tyler Technologies in a report on Wednesday, March 7th. They issued a “neutral” rating and a $190.00 price target for the company. Piper Jaffray reaffirmed a “buy” rating and issued a $245.00 price target on shares of Tyler Technologies in a report on Monday, April 23rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $235.00 price target on shares of Tyler Technologies in a report on Friday, February 23rd. Finally, Maxim Group set a $220.00 price target on shares of Tyler Technologies and gave the company a “buy” rating in a report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $221.08.

Large investors have recently modified their holdings of the company. Dynamic Capital Management Ltd acquired a new stake in shares of Tyler Technologies in the 4th quarter worth approximately $1,110,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Tyler Technologies by 37.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,045 shares of the technology company’s stock worth $362,000 after acquiring an additional 552 shares during the period. Personal Capital Advisors Corp lifted its stake in shares of Tyler Technologies by 6.6% in the 4th quarter. Personal Capital Advisors Corp now owns 116,176 shares of the technology company’s stock worth $20,569,000 after acquiring an additional 7,205 shares during the period. WCM Investment Management CA lifted its stake in shares of Tyler Technologies by 10.8% in the 4th quarter. WCM Investment Management CA now owns 292,928 shares of the technology company’s stock worth $51,863,000 after acquiring an additional 28,668 shares during the period. Finally, Koch Industries Inc. lifted its stake in shares of Tyler Technologies by 205.6% in the 4th quarter. Koch Industries Inc. now owns 4,480 shares of the technology company’s stock worth $793,000 after acquiring an additional 3,014 shares during the period. 94.15% of the stock is owned by institutional investors.

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.

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

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