John S. Marr, Jr. Sells 15,000 Shares of Tyler Technologies, Inc. (NYSE:TYL) Stock

Tyler Technologies, Inc. (NYSE:TYL) Chairman John S. Marr, Jr. sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $285.65, for a total transaction of $4,284,750.00. The sale was disclosed in a filing with the SEC, which is available through this link.

TYL opened at $285.87 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average price of $276.82 and a 200-day moving average price of $248.28. Tyler Technologies, Inc. has a twelve month low of $173.26 and a twelve month high of $293.84. The stock has a market capitalization of $11.31 billion, a price-to-earnings ratio of 76.44 and a beta of 0.89.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, October 30th. The technology company reported $1.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.36 by ($0.01). Tyler Technologies had a return on equity of 11.51% and a net margin of 12.63%. The company had revenue of $275.40 million during the quarter, compared to analysts’ expectations of $281.03 million. During the same quarter in the prior year, the business posted $1.23 EPS. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. As a group, analysts expect that Tyler Technologies, Inc. will post 4.15 earnings per share for the current year.

Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Tyler Technologies from a “sell” rating to a “hold” rating in a research note on Friday, November 15th. Needham & Company LLC reissued a “buy” rating on shares of Tyler Technologies in a report on Thursday, October 31st. ValuEngine cut Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Oppenheimer began coverage on Tyler Technologies in a report on Monday, October 7th. They set an “outperform” rating and a $300.00 price target on the stock. Finally, DA Davidson increased their price objective on Tyler Technologies from $216.00 to $238.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $274.38.

A number of institutional investors and hedge funds have recently made changes to their positions in TYL. Eaton Vance Management boosted its stake 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 buying an additional 222,370 shares during the last quarter. Nuveen Asset Management LLC bought a new position in Tyler Technologies in the second quarter valued at about $31,804,000. Teacher Retirement System of Texas lifted its holdings in Tyler Technologies by 253.8% in the second 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. Millennium Management LLC boosted its position in Tyler Technologies by 949.2% in the third quarter. Millennium Management LLC now owns 112,385 shares of the technology company’s stock worth $29,501,000 after purchasing an additional 101,673 shares during the last quarter. Finally, Columbus Circle Investors purchased a new position in Tyler Technologies in the third quarter worth about $26,569,000. Institutional investors and hedge funds own 88.31% of the company’s stock.

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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