Insider Selling: Tyler Technologies, Inc. (NYSE:TYL) CEO Sells 10,000 Shares of Stock

Tyler Technologies, Inc. (NYSE:TYL) CEO H Lynn Moore, Jr. sold 10,000 shares of Tyler Technologies stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $290.02, for a total value of $2,900,200.00. Following the completion of the transaction, the chief executive officer now owns 73,672 shares in the company, valued at $21,366,353.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of Tyler Technologies stock opened at $290.17 on Monday. The stock has a market cap of $11.35 billion, a PE ratio of 77.59 and a beta of 0.86. The business has a fifty day simple moving average of $274.35 and a 200-day simple moving average of $246.05. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.01. Tyler Technologies, Inc. has a 12 month low of $173.26 and a 12 month high of $293.84.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, October 30th. The technology company reported $1.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.36 by ($0.01). The business had revenue of $275.40 million during the quarter, compared to analyst estimates of $281.03 million. Tyler Technologies had a return on equity of 11.51% and a net margin of 12.63%. The business’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period last year, the business earned $1.23 EPS. Analysts expect that Tyler Technologies, Inc. will post 4.15 EPS for the current fiscal year.

A number of equities analysts recently issued reports on TYL shares. Zacks Investment Research upgraded Tyler Technologies from a “sell” rating to a “hold” rating in a report on Friday, November 15th. ValuEngine cut Tyler Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Oppenheimer started coverage on Tyler Technologies in a report on Monday, October 7th. They issued an “outperform” rating and a $300.00 target price on the stock. DA Davidson lifted their target price on Tyler Technologies from $216.00 to $238.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. They noted that the move was a valuation call. Finally, JMP Securities lifted their target price on Tyler Technologies from $245.00 to $286.00 and gave the stock a “market outperform” rating in a report on Friday, September 27th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Tyler Technologies presently has a consensus rating of “Buy” and a consensus price target of $271.25.

Several institutional investors have recently modified their holdings of the company. BBVA USA Bancshares Inc. boosted its position in Tyler Technologies by 35.8% during the third quarter. BBVA USA Bancshares Inc. now owns 3,673 shares of the technology company’s stock valued at $965,000 after purchasing an additional 968 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Tyler Technologies by 29.3% during the second quarter. Envestnet Asset Management Inc. now owns 59,202 shares of the technology company’s stock valued at $12,789,000 after purchasing an additional 13,400 shares during the last quarter. BlackRock Inc. boosted its position in Tyler Technologies by 2.2% during the second quarter. BlackRock Inc. now owns 3,888,945 shares of the technology company’s stock valued at $840,090,000 after purchasing an additional 83,696 shares during the last quarter. M&T Bank Corp boosted its position in Tyler Technologies by 23.9% during the second quarter. M&T Bank Corp now owns 1,484 shares of the technology company’s stock valued at $320,000 after purchasing an additional 286 shares during the last quarter. Finally, BB&T Securities LLC boosted its position in Tyler Technologies by 1.5% during the third quarter. BB&T Securities LLC now owns 3,079 shares of the technology company’s stock valued at $815,000 after purchasing an additional 46 shares during the last quarter. 88.31% of the stock is owned by institutional investors and hedge funds.

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

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