Tyler Technologies, Inc. (TYL) Director Larry D. Leinweber Sells 50,000 Shares

Tyler Technologies, Inc. (NYSE:TYL) Director Larry D. Leinweber sold 50,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $182.21, for a total transaction of $9,110,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shares of Tyler Technologies, Inc. (TYL) traded down $0.01 on Wednesday, reaching $183.70. 522,700 shares of the company traded hands, compared to its average volume of 193,576. Tyler Technologies, Inc. has a 12 month low of $139.61 and a 12 month high of $188.21. The company has a market capitalization of $6,901.64, a PE ratio of 56.35 and a beta of 0.97.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, October 25th. The technology company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.03. Tyler Technologies had a net margin of 16.34% and a return on equity of 12.81%. The company had revenue of $214.15 million for the quarter, compared to analysts’ expectations of $216.80 million. During the same quarter in the previous year, the business posted $0.94 earnings per share. Tyler Technologies’s quarterly revenue was up 10.1% on a year-over-year basis. sell-side analysts expect that Tyler Technologies, Inc. will post 3.28 EPS for the current year.

Several equities analysts have weighed in on TYL shares. Zacks Investment Research downgraded shares of Tyler Technologies from a “buy” rating to a “hold” rating in a report on Saturday. BidaskClub raised shares of Tyler Technologies from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. B. Riley reaffirmed a “neutral” rating and set a $184.00 price target on shares of Tyler Technologies in a report on Thursday, October 26th. Northland Securities reaffirmed a “buy” rating and set a $200.00 price target on shares of Tyler Technologies in a report on Thursday, September 21st. Finally, Maxim Group set a $197.00 price target on shares of Tyler Technologies and gave the company a “buy” rating in a report on Thursday, October 26th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Tyler Technologies currently has a consensus rating of “Buy” and an average target price of $193.00.

A number of institutional investors and hedge funds have recently made changes to their positions in TYL. JPMorgan Chase & Co. increased its position in Tyler Technologies by 40.2% during the second quarter. JPMorgan Chase & Co. now owns 1,027,797 shares of the technology company’s stock valued at $180,554,000 after acquiring an additional 294,817 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Tyler Technologies by 25.2% during the second quarter. Legal & General Group Plc now owns 26,654 shares of the technology company’s stock valued at $4,682,000 after purchasing an additional 5,361 shares during the period. Howard Hughes Medical Institute purchased a new stake in shares of Tyler Technologies during the second quarter valued at $1,048,000. State Board of Administration of Florida Retirement System boosted its stake in shares of Tyler Technologies by 1.6% during the second quarter. State Board of Administration of Florida Retirement System now owns 43,016 shares of the technology company’s stock valued at $7,557,000 after purchasing an additional 680 shares during the period. Finally, Shelton Capital Management purchased a new stake in shares of Tyler Technologies during the second quarter valued at $460,000. Institutional investors own 93.34% of the company’s stock.

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Tyler Technologies Company Profile

Tyler Technologies, Inc is a provider of information management solutions and services for the public sector, with a focus on local governments. The Company operates through two segments: Enterprise Software (ES) segment and The Appraisal and Tax (A&T) segment. ES segment provides municipal and county governments and schools with software systems and services for information technology and automation needs that includes back-office functions, such as financial management, courts and justice processes, public safety, planning regulatory and maintenance, and land and vital records management.

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