Daniel M. Pope Sells 1,785 Shares of Tyler Technologies, Inc. (NYSE:TYL) Stock

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.



A number of institutional investors and hedge funds have recently added to or reduced their stakes in TYL. TimesSquare Capital Management LLC increased its position in shares of Tyler Technologies by 262.4% during the first quarter. TimesSquare Capital Management LLC now owns 593,503 shares of the technology company’s stock worth $121,312,000 after acquiring an additional 429,720 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of Tyler Technologies by 253.8% during the second quarter. Teacher Retirement System of Texas now owns 185,410 shares of the technology company’s stock worth $40,052,000 after buying an additional 133,000 shares during the period. Eagle Asset Management Inc. lifted its position in Tyler Technologies by 40.4% in the first quarter. Eagle Asset Management Inc. now owns 413,961 shares of the technology company’s stock valued at $84,613,000 after purchasing an additional 119,166 shares during the period. Wasatch Advisors Inc. lifted its position in Tyler Technologies by 26.1% in the first quarter. Wasatch Advisors Inc. now owns 540,760 shares of the technology company’s stock valued at $110,531,000 after purchasing an additional 111,766 shares during the period. Finally, Carillon Tower Advisers Inc. lifted its position in Tyler Technologies by 42.0% in the first quarter. Carillon Tower Advisers Inc. now owns 321,637 shares of the technology company’s stock valued at $65,742,000 after purchasing an additional 95,127 shares during the period. Hedge funds and other institutional investors own 88.35% of the company’s stock.

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.

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