Tyler Technologies, Inc. (NYSE:TYL) insider H Lynn Moore, Jr. sold 18,460 shares of the firm’s stock in a transaction dated Friday, June 15th. The stock was sold at an average price of $235.49, for a total transaction of $4,347,145.40. Following the sale, the insider now directly owns 65,335 shares in the company, valued at $15,385,739.15. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Tyler Technologies opened at $237.88 on Tuesday, Marketbeat.com reports. The company has a market cap of $9.06 billion, a price-to-earnings ratio of 74.81, a price-to-earnings-growth ratio of 6.22 and a beta of 0.90. Tyler Technologies, Inc. has a fifty-two week low of $165.14 and a fifty-two week high of $237.90.
Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, May 2nd. The technology company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.01. The firm had revenue of $221.20 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 earnings per share. equities research analysts predict that Tyler Technologies, Inc. will post 3.81 EPS for the current year.
A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its position in Tyler Technologies by 3.7% during the first quarter. BlackRock Inc. now owns 3,021,851 shares of the technology company’s stock valued at $637,490,000 after buying an additional 106,479 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Tyler Technologies by 2.6% during the first quarter. JPMorgan Chase & Co. now owns 1,115,848 shares of the technology company’s stock valued at $235,399,000 after buying an additional 28,513 shares in the last quarter. TimesSquare Capital Management LLC lifted its position in Tyler Technologies by 9.4% during the fourth quarter. TimesSquare Capital Management LLC now owns 811,300 shares of the technology company’s stock valued at $143,641,000 after buying an additional 69,650 shares in the last quarter. Franklin Resources Inc. lifted its position in Tyler Technologies by 0.7% during the first quarter. Franklin Resources Inc. now owns 802,031 shares of the technology company’s stock valued at $169,227,000 after buying an additional 5,608 shares in the last quarter. Finally, Two Creeks Capital Management LP lifted its position in Tyler Technologies by 9.2% during the fourth quarter. Two Creeks Capital Management LP now owns 589,107 shares of the technology company’s stock valued at $104,301,000 after buying an additional 49,865 shares in the last quarter. 92.05% of the stock is currently owned by hedge funds and other institutional investors.
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.
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