Tyler Technologies, Inc. (NYSE:TYL) Director Daniel M. Pope sold 1,785 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $253.97, for a total value of $453,336.45. Following the completion of the sale, the director now directly owns 2,884 shares in the company, valued at $732,449.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Tyler Technologies stock traded up $3.27 on Tuesday, hitting $255.02. The company’s stock had a trading volume of 6,782 shares, compared to its average volume of 257,276. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.02. Tyler Technologies, Inc. has a 1 year low of $173.26 and a 1 year high of $257.51. The firm’s fifty day moving average is $229.81. The firm has a market cap of $9.81 billion, a P/E ratio of 68.07 and a beta of 0.92.
Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.05. The company had revenue of $275.10 million during the quarter, compared to analyst estimates of $274.88 million. Tyler Technologies had a return on equity of 11.44% and a net margin of 12.96%. Tyler Technologies’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.18 EPS. As a group, equities analysts forecast that Tyler Technologies, Inc. will post 4.16 earnings per share for the current fiscal year.
TYL has been the topic of a number of research analyst reports. Zacks Investment Research raised Tyler Technologies from a “sell” rating to a “hold” rating in a report on Friday, July 5th. Needham & Company LLC increased their target price on Tyler Technologies to $280.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. KeyCorp reissued a “hold” rating on shares of Tyler Technologies in a research note on Thursday, August 1st. Northland Securities reaffirmed a “buy” rating on shares of Tyler Technologies in a research note on Thursday, August 1st. Finally, ValuEngine raised Tyler Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $249.50.
About Tyler Technologies
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.
Further Reading: 52-Week High/Low
Receive News & Ratings for Tyler Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyler Technologies and related companies with MarketBeat.com's FREE daily email newsletter.