Tyler Technologies, Inc. (TYL) Director Sells $2,417,800.47 in Stock

Tyler Technologies, Inc. (NYSE:TYL) Director Larry D. Leinweber sold 13,171 shares of Tyler Technologies stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $183.57, for a total transaction of $2,417,800.47. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of Tyler Technologies, Inc. (NYSE:TYL) traded down $0.76 on Tuesday, reaching $182.89. 178,200 shares of the company’s stock were exchanged, compared to its average volume of 193,510. The firm has a market capitalization of $6,899.39, a PE ratio of 56.33 and a beta of 0.97. Tyler Technologies, Inc. has a one year low of $139.61 and a one year high of $188.21.

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

TYL has been the subject of a number of research reports. Needham & Company LLC restated a “buy” rating on shares of Tyler Technologies in a research report on Tuesday, October 24th. Piper Jaffray Companies restated a “buy” rating and set a $200.00 target price on shares of Tyler Technologies in a research report on Friday, October 27th. B. Riley cut shares of Tyler Technologies from a “buy” rating to a “neutral” rating and set a $184.00 target price for the company. in a research report on Friday, October 27th. Zacks Investment Research upgraded shares of Tyler Technologies from a “hold” rating to a “buy” rating and set a $198.00 target price for the company in a research report on Wednesday, November 1st. Finally, Citigroup initiated coverage on shares of Tyler Technologies in a research report on Friday, September 22nd. They set a “buy” rating and a $200.00 target price for the company. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $193.00.

Several large investors have recently bought and sold shares of TYL. Zions Bancorporation acquired a new position in shares of Tyler Technologies in the third quarter valued at approximately $156,000. CIBC Asset Management Inc acquired a new position in shares of Tyler Technologies in the third quarter valued at approximately $218,000. D.A. Davidson & CO. raised its position in shares of Tyler Technologies by 13.3% in the second quarter. D.A. Davidson & CO. now owns 1,391 shares of the technology company’s stock valued at $244,000 after buying an additional 163 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Tyler Technologies by 8.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,412 shares of the technology company’s stock valued at $248,000 after buying an additional 114 shares during the last quarter. Finally, Fiduciary Trust Co. acquired a new position in shares of Tyler Technologies in the second quarter valued at approximately $250,000. 93.34% of the stock is owned by institutional investors and hedge funds.

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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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