Tyler Technologies, Inc. (NYSE:TYL) Director Dustin R. Womble sold 7,500 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $203.71, for a total transaction of $1,527,825.00. Following the completion of the sale, the director now owns 16,570 shares in the company, valued at approximately $3,375,474.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Tyler Technologies, Inc. (NYSE:TYL) traded down $1.17 on Thursday, hitting $201.94. 66,056 shares of the stock were exchanged, compared to its average volume of 199,468. The stock has a market capitalization of $7,705.65, a price-to-earnings ratio of 60.33 and a beta of 1.00. Tyler Technologies, Inc. has a 1 year low of $151.37 and a 1 year high of $208.67.
Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, February 21st. The technology company reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.03. Tyler Technologies had a net margin of 19.50% and a return on equity of 12.49%. The company had revenue of $217.85 million during the quarter, compared to analyst estimates of $220.56 million. During the same period in the prior year, the firm earned $0.90 earnings per share. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. sell-side analysts predict that Tyler Technologies, Inc. will post 3.87 earnings per share for the current fiscal year.
Several brokerages recently weighed in on TYL. Needham & Company LLC restated a “buy” rating and issued a $235.00 price target on shares of Tyler Technologies in a research report on Friday, February 23rd. Evercore ISI reiterated a “buy” rating and set a $210.00 price objective on shares of Tyler Technologies in a research report on Friday, February 23rd. Maxim Group set a $220.00 price objective on shares of Tyler Technologies and gave the company a “buy” rating in a research report on Thursday, February 22nd. Zacks Investment Research upgraded shares of Tyler Technologies from a “hold” rating to a “buy” rating and set a $198.00 price objective on the stock in a research report on Wednesday, November 1st. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $220.00 price objective on shares of Tyler Technologies in a research report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Tyler Technologies presently has an average rating of “Buy” and a consensus price target of $205.22.
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Tyler Technologies Company Profile
Tyler Technologies, Inc is a provider of information management solutions and services for the public sector, with a focus on local governments. The Company operates through two segments: Enterprise Software (ES) segment and The Appraisal and Tax (A&T) segment. ES segment provides municipal and county governments and schools with software systems and services for information technology and automation needs that includes back-office functions, such as financial management, courts and justice processes, public safety, planning regulatory and maintenance, and land and vital records management.
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