Tyler Technologies, Inc. (TYL) Insider John S. Marr, Jr. Sells 30,000 Shares

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Tyler Technologies, Inc. (NYSE:TYL) insider John S. Marr, Jr. sold 30,000 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $200.84, for a total transaction of $6,025,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

TYL stock traded up $0.73 during mid-day trading on Friday, hitting $202.35. The company had a trading volume of 455,824 shares, compared to its average volume of 298,577. The stock has a market cap of $7.72 billion, a P/E ratio of 54.10, a PEG ratio of 4.83 and a beta of 0.92. Tyler Technologies, Inc. has a 12-month low of $173.26 and a 12-month high of $252.47.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, February 20th. The technology company reported $1.26 EPS for the quarter, topping the consensus estimate of $0.97 by $0.29. The business had revenue of $242.00 million for the quarter, compared to analysts’ expectations of $244.65 million. Tyler Technologies had a net margin of 15.74% and a return on equity of 11.28%. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.07 EPS. On average, research analysts forecast that Tyler Technologies, Inc. will post 4.17 EPS for the current fiscal year.

Several research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Tyler Technologies from a “hold” rating to a “sell” rating in a report on Thursday, February 28th. Northland Securities reaffirmed a “buy” rating and issued a $240.00 target price on shares of Tyler Technologies in a report on Friday, February 22nd. DA Davidson downgraded shares of Tyler Technologies from a “buy” rating to a “neutral” rating and set a $210.00 target price for the company. in a report on Friday, February 22nd. ValuEngine downgraded shares of Tyler Technologies from a “buy” rating to a “hold” rating in a report on Friday, February 22nd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Tyler Technologies in a report on Thursday, February 21st. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $238.56.

A number of hedge funds have recently made changes to their positions in the business. Engineers Gate Manager LP purchased a new stake in shares of Tyler Technologies during the 3rd quarter valued at about $208,000. Los Angeles Capital Management & Equity Research Inc. grew its holdings in Tyler Technologies by 162.2% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 6,062 shares of the technology company’s stock valued at $1,486,000 after purchasing an additional 3,750 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in Tyler Technologies by 17.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 2,870 shares of the technology company’s stock valued at $703,000 after purchasing an additional 416 shares during the last quarter. Stone Ridge Asset Management LLC grew its holdings in Tyler Technologies by 40.6% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 2,901 shares of the technology company’s stock valued at $711,000 after purchasing an additional 837 shares during the last quarter. Finally, Parametrica Management Ltd bought a new position in Tyler Technologies during the 3rd quarter valued at about $249,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

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Tyler Technologies Company Profile

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector in the United States and internationally. It operates through two segments, Enterprise Software, and Appraisal and Tax. The company's financial management solutions include modular fund accounting systems for government agencies or not-for-profit entities; and utility billing systems for the billing and collection of metered and non-metered services.

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

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