Larry D. Leinweber Sells 21,249 Shares of Tyler Technologies, Inc. (TYL) Stock

Tyler Technologies, Inc. (NYSE:TYL) Director Larry D. Leinweber sold 21,249 shares of Tyler Technologies stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $181.95, for a total transaction of $3,866,255.55. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Tyler Technologies, Inc. (NYSE TYL) opened at $181.96 on Thursday. Tyler Technologies, Inc. has a one year low of $139.61 and a one year high of $188.21. The firm has a market cap of $6,901.64, a P/E ratio of 56.35 and a beta of 0.97.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data 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 business had revenue of $214.15 million for the quarter, compared to analyst estimates of $216.80 million. During the same quarter last year, the firm earned $0.94 EPS. Tyler Technologies’s quarterly revenue was up 10.1% compared to the same quarter last year. equities analysts anticipate that Tyler Technologies, Inc. will post 3.28 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. California Public Employees Retirement System boosted its stake in Tyler Technologies by 2.4% during the 3rd quarter. California Public Employees Retirement System now owns 77,015 shares of the technology company’s stock worth $13,425,000 after acquiring an additional 1,815 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Tyler Technologies by 43.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 2,764 shares of the technology company’s stock worth $482,000 after acquiring an additional 838 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in Tyler Technologies during the 3rd quarter worth approximately $444,000. Zions Bancorporation bought a new position in Tyler Technologies during the 3rd quarter worth approximately $156,000. Finally, Jane Street Group LLC bought a new position in Tyler Technologies during the 3rd quarter worth approximately $499,000. 93.34% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on TYL shares. Zacks Investment Research upgraded shares of Tyler Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. BidaskClub upgraded shares of Tyler Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Piper Jaffray Companies reiterated a “buy” rating and set a $200.00 price target on shares of Tyler Technologies in a research report on Sunday, August 27th. Northland Securities reiterated a “buy” rating and set a $200.00 price target on shares of Tyler Technologies in a research report on Thursday, September 21st. Finally, Citigroup started coverage on shares of Tyler Technologies in a research report on Friday, September 22nd. They set a “buy” rating and a $200.00 price target for the company. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $193.00.

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About Tyler Technologies

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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