Tyler Technologies, Inc. (NYSE:TYL) CFO Brian K. Miller sold 2,500 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $258.84, for a total transaction of $647,100.00. Following the completion of the sale, the chief financial officer now owns 49,716 shares in the company, valued at $12,868,489.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
TYL stock traded up $1.74 during trading on Monday, reaching $258.44. The company had a trading volume of 14,582 shares, compared to its average volume of 192,232. The firm has a 50-day simple moving average of $251.05 and a 200-day simple moving average of $223.66. The company has a market cap of $9.99 billion, a price-to-earnings ratio of 69.13 and a beta of 0.92. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.00. Tyler Technologies, Inc. has a twelve month low of $173.26 and a twelve month high of $261.70.
Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, July 31st. The technology company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.05. The company had revenue of $275.10 million during the quarter, compared to analysts’ expectations of $274.88 million. Tyler Technologies had a net margin of 12.96% and a return on equity of 11.44%. Tyler Technologies’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period last year, the business earned $1.18 EPS. Sell-side analysts expect that Tyler Technologies, Inc. will post 4.16 earnings per share for the current year.
A number of analysts have recently weighed in on TYL shares. KeyCorp restated a “hold” rating on shares of Tyler Technologies in a report on Thursday, August 1st. ValuEngine upgraded shares of Tyler Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Needham & Company LLC raised their price target on shares of Tyler Technologies to $280.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Benchmark raised their price target on shares of Tyler Technologies from $235.00 to $285.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Northland Securities reiterated a “buy” rating on shares of Tyler Technologies in a research note on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price 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.
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.