Tyler Technologies, Inc. (NYSE:TYL) CEO H Lynn Moore, Jr. sold 6,000 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $216.10, for a total transaction of $1,296,600.00. Following the completion of the transaction, the chief executive officer now directly owns 68,380 shares in the company, valued at approximately $14,776,918. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of TYL traded down $3.29 during mid-day trading on Friday, reaching $213.71. 138,441 shares of the company’s stock were exchanged, compared to its average volume of 272,759. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.06. The firm has a market cap of $8.25 billion, a PE ratio of 57.14 and a beta of 0.95. Tyler Technologies, Inc. has a 52-week low of $173.26 and a 52-week high of $252.47.
Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.95 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.95. Tyler Technologies had a return on equity of 11.28% and a net margin of 14.23%. The firm had revenue of $247.10 million during the quarter, compared to the consensus estimate of $251.75 million. During the same period last year, the company earned $1.13 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, equities research analysts forecast that Tyler Technologies, Inc. will post 4.16 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in shares of Tyler Technologies by 2.4% during the first quarter. BlackRock Inc. now owns 3,805,249 shares of the technology company’s stock worth $777,794,000 after purchasing an additional 88,378 shares during the period. Vanguard Group Inc lifted its holdings in Tyler Technologies by 3.3% in the third quarter. Vanguard Group Inc now owns 3,326,669 shares of the technology company’s stock valued at $815,233,000 after acquiring an additional 106,568 shares during the period. Janus Henderson Group PLC lifted its holdings in Tyler Technologies by 0.8% in the first quarter. Janus Henderson Group PLC now owns 1,431,181 shares of the technology company’s stock valued at $292,534,000 after acquiring an additional 11,450 shares during the period. JPMorgan Chase & Co. lifted its holdings in Tyler Technologies by 5.6% in the third quarter. JPMorgan Chase & Co. now owns 1,248,274 shares of the technology company’s stock valued at $305,901,000 after acquiring an additional 65,928 shares during the period. Finally, Morgan Stanley lifted its holdings in Tyler Technologies by 9.7% in the third quarter. Morgan Stanley now owns 1,032,052 shares of the technology company’s stock valued at $252,916,000 after acquiring an additional 91,535 shares during the period. 90.01% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have commented on TYL. TheStreet raised shares of Tyler Technologies from a “c+” rating to a “b-” rating in a research report on Friday, February 15th. ValuEngine raised shares of Tyler Technologies from a “hold” rating to a “buy” rating in a report on Monday, April 29th. Northcoast Research began coverage on shares of Tyler Technologies in a report on Thursday, March 28th. They issued a “buy” rating and a $250.00 target price on the stock. KeyCorp reaffirmed a “hold” rating on shares of Tyler Technologies in a report on Thursday, February 21st. Finally, Northland Securities reaffirmed a “buy” rating and issued a $240.00 target price on shares of Tyler Technologies in a report on Friday, February 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $237.13.
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Tyler Technologies Company Profile
Tyler Technologies, Inc provides integrated information management solutions and services for the public sector in the United States and internationally. The company operates in two segments, Enterprise Software, and Appraisal and Tax. It offers financial management solutions, including modular fund accounting systems for government agencies or not-for-profit entities; utility billing systems for the billing and collection of metered and non-metered services; products to automate city and county functions, such as municipal courts, parking tickets, equipment and project costing, animal and business licenses, permits and inspections, code enforcement, citizen complaint tracking, ambulance billing, fleet maintenance, and cemetery records management; and student information and transportation solutions for K-12 schools.
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