Tyler Technologies, Inc. (NYSE:TYL) Director Sells $2,583,100.00 in Stock

Tyler Technologies, Inc. (NYSE:TYL) Director Dustin R. Womble sold 10,000 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $258.31, for a total transaction of $2,583,100.00. Following the completion of the sale, the director now directly owns 175,622 shares of the company’s stock, valued at approximately $45,364,918.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

NYSE:TYL traded up $1.24 on Wednesday, reaching $251.78. The stock had a trading volume of 6,858 shares, compared to its average volume of 186,705. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02. The company has a 50-day moving average of $249.71 and a 200 day moving average of $223.20. The stock has a market cap of $9.79 billion, a P/E ratio of 66.95 and a beta of 0.92. Tyler Technologies, Inc. has a 12-month low of $173.26 and a 12-month high of $261.70.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, July 31st. The technology company reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.05. Tyler Technologies had a return on equity of 11.44% and a net margin of 12.96%. The business had revenue of $275.10 million for the quarter, compared to analyst estimates of $274.88 million. During the same period in the previous year, the company earned $1.18 earnings per share. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. On average, equities analysts predict that Tyler Technologies, Inc. will post 4.16 EPS for the current year.



A number of hedge funds and other institutional investors have recently bought and sold shares of the business. TimesSquare Capital Management LLC grew its position in shares of Tyler Technologies by 262.4% in the 1st 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 in the last quarter. Eaton Vance Management increased its holdings in shares of Tyler Technologies by 2,217.7% in the 2nd quarter. Eaton Vance Management now owns 232,397 shares of the technology company’s stock worth $50,202,000 after acquiring an additional 222,370 shares during the period. Nuveen Asset Management LLC acquired a new stake in shares of Tyler Technologies in the second quarter valued at approximately $31,804,000. Teacher Retirement System of Texas increased its position in Tyler Technologies by 253.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 185,410 shares of the technology company’s stock valued at $40,052,000 after acquiring an additional 133,000 shares during the period. Finally, Wasatch Advisors Inc. increased its holdings in shares of Tyler Technologies by 26.1% during 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. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Several equities research analysts have recently weighed in on the company. ValuEngine raised Tyler Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd. Zacks Investment Research upgraded Tyler Technologies from a “sell” rating to a “hold” rating in a report on Friday, July 5th. Benchmark boosted their price target on Tyler Technologies from $235.00 to $285.00 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 report on Thursday, August 1st. Finally, Needham & Company LLC upped their price target on Tyler Technologies to $280.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $249.50.

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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Insider Buying and Selling by Quarter for Tyler Technologies (NYSE:TYL)

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