Tyler Technologies, Inc. (NYSE:TYL) Director Sells $453,336.45 in Stock

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Tyler Technologies, Inc. (NYSE:TYL) Director Daniel M. Pope sold 1,785 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $253.97, for a total transaction of $453,336.45. Following the transaction, the director now owns 2,884 shares in the company, valued at $732,449.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Tyler Technologies stock opened at $253.12 on Friday. 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 52-week low of $173.26 and a 52-week high of $257.51. The stock has a market capitalization of $9.72 billion, a price-to-earnings ratio of 67.68 and a beta of 0.92. The company’s 50 day moving average price is $232.02 and its 200-day moving average price is $217.11.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, July 31st. The technology company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.05. Tyler Technologies had a net margin of 12.96% and a return on equity of 11.44%. The firm had revenue of $275.10 million for the quarter, compared to analysts’ expectations of $274.88 million. During the same quarter last year, the business earned $1.18 earnings per share. The business’s revenue was up 16.5% on a year-over-year basis. As a group, equities research analysts forecast that Tyler Technologies, Inc. will post 4.16 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the company. Van ECK Associates Corp bought a new position in shares of Tyler Technologies in the second quarter worth approximately $40,000. Icon Wealth Partners LLC bought a new position in shares of Tyler Technologies in the first quarter worth approximately $53,000. Tompkins Financial Corp grew its holdings in shares of Tyler Technologies by 42.0% in the second quarter. Tompkins Financial Corp now owns 291 shares of the technology company’s stock worth $63,000 after purchasing an additional 86 shares during the last quarter. Advisory Services Network LLC grew its holdings in shares of Tyler Technologies by 42.3% in the second quarter. Advisory Services Network LLC now owns 313 shares of the technology company’s stock worth $68,000 after purchasing an additional 93 shares during the last quarter. Finally, Ellis Investment Partners LLC bought a new position in shares of Tyler Technologies in the first quarter worth approximately $76,000. Hedge funds and other institutional investors own 88.35% of the company’s stock.

A number of brokerages have commented on TYL. Zacks Investment Research upgraded shares of Tyler Technologies from a “sell” rating to a “hold” rating in a research report on Friday, July 5th. KeyCorp reiterated a “hold” rating on shares of Tyler Technologies in a research report on Thursday, August 1st. Northland Securities reiterated a “buy” rating on shares of Tyler Technologies in a research report on Thursday, August 1st. ValuEngine upgraded shares of Tyler Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd. Finally, Needham & Company LLC increased their price target on shares of Tyler Technologies to $280.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $249.50.

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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