Tyler Technologies, Inc. (TYL) Director Larry D. Leinweber Sells 21,249 Shares of Stock
Tyler Technologies, Inc. (NYSE:TYL) Director Larry D. Leinweber sold 21,249 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $181.95, for a total value of $3,866,255.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Tyler Technologies, Inc. (NYSE:TYL) traded down $0.01 during midday trading on Wednesday, hitting $183.70. The company had a trading volume of 522,700 shares, compared to its average volume of 193,576. Tyler Technologies, Inc. has a twelve month low of $139.61 and a twelve month high of $188.21. The firm has a market cap of $6,901.64, a PE ratio of 56.35 and a beta of 0.97.
Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, October 25th. The technology company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. Tyler Technologies had a return on equity of 12.81% and a net margin of 16.34%. The business had revenue of $214.15 million for the quarter, compared to the consensus estimate of $216.80 million. During the same quarter in the previous year, the company posted $0.94 earnings per share. Tyler Technologies’s revenue for the quarter was up 10.1% compared to the same quarter last year. equities research analysts forecast that Tyler Technologies, Inc. will post 3.28 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the company. Zions Bancorporation purchased a new position in shares of Tyler Technologies during the third quarter valued at $156,000. Lakeview Capital Partners LLC purchased a new position in shares of Tyler Technologies during the second quarter valued at $211,000. CIBC Asset Management Inc purchased a new position in shares of Tyler Technologies during the third quarter valued at $218,000. D.A. Davidson & CO. grew its holdings in shares of Tyler Technologies by 13.3% during the second quarter. D.A. Davidson & CO. now owns 1,391 shares of the technology company’s stock valued at $244,000 after buying an additional 163 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Tyler Technologies by 8.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,412 shares of the technology company’s stock valued at $248,000 after buying an additional 114 shares in the last quarter. Institutional investors and hedge funds own 93.34% of the company’s stock.
A number of research firms have recently commented on TYL. Zacks Investment Research downgraded Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Saturday. BidaskClub raised Tyler Technologies from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. B. Riley reissued a “neutral” rating and issued a $184.00 price objective on shares of Tyler Technologies in a research note on Thursday, October 26th. Northland Securities reissued a “buy” rating and issued a $200.00 price objective on shares of Tyler Technologies in a research note on Thursday, September 21st. Finally, Maxim Group set a $197.00 target price on Tyler Technologies and gave the stock a “buy” rating in a report on Thursday, October 26th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $193.00.
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About Tyler Technologies
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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