Insider Selling: Tyler Technologies, Inc. (TYL) Insider Sells 24,000 Shares of Stock

Tyler Technologies, Inc. (NYSE:TYL) insider John S. Marr, Jr. sold 24,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $231.89, for a total value of $5,565,360.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

NYSE:TYL opened at $234.40 on Friday. Tyler Technologies, Inc. has a 52-week low of $167.50 and a 52-week high of $248.25. The firm has a market cap of $9.02 billion, a price-to-earnings ratio of 73.70, a PEG ratio of 6.15 and a beta of 0.85.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Thursday, July 26th. The technology company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.05. Tyler Technologies had a return on equity of 11.70% and a net margin of 19.91%. The firm had revenue of $236.10 million for the quarter, compared to the consensus estimate of $233.28 million. During the same quarter in the prior year, the business earned $0.91 EPS. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. equities analysts expect that Tyler Technologies, Inc. will post 3.79 earnings per share for the current year.

Several brokerages have recently commented on TYL. Piper Jaffray Companies boosted their target price on Tyler Technologies from $242.00 to $260.00 and gave the stock an “overweight” rating in a report on Monday, June 25th. Northland Securities reissued an “outperform” rating and issued a $240.00 target price (up from $200.00) on shares of Tyler Technologies in a report on Tuesday, April 24th. Needham & Company LLC boosted their target price on Tyler Technologies from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, April 24th. Maxim Group reissued a “hold” rating on shares of Tyler Technologies in a report on Monday, April 23rd. Finally, Zacks Investment Research raised Tyler Technologies from a “hold” rating to a “buy” rating and set a $267.00 target price on the stock in a report on Tuesday, July 24th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $228.58.

Large investors have recently bought and sold shares of the business. Select Equity Group L.P. lifted its holdings in Tyler Technologies by 6.7% during the 1st quarter. Select Equity Group L.P. now owns 112,706 shares of the technology company’s stock worth $23,776,000 after buying an additional 7,057 shares in the last quarter. BlackRock Inc. lifted its holdings in Tyler Technologies by 3.7% during the 1st quarter. BlackRock Inc. now owns 3,021,851 shares of the technology company’s stock worth $637,490,000 after buying an additional 106,479 shares in the last quarter. Blair William & Co. IL lifted its holdings in Tyler Technologies by 147.4% during the 1st quarter. Blair William & Co. IL now owns 204,773 shares of the technology company’s stock worth $43,199,000 after buying an additional 121,994 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Tyler Technologies by 17.6% during the 4th quarter. Renaissance Technologies LLC now owns 14,000 shares of the technology company’s stock worth $2,479,000 after buying an additional 2,100 shares in the last quarter. Finally, Aperio Group LLC lifted its holdings in Tyler Technologies by 35.2% during the 1st quarter. Aperio Group LLC now owns 13,326 shares of the technology company’s stock worth $2,811,000 after buying an additional 3,467 shares in the last quarter. 91.61% of the stock is currently owned by hedge funds and other institutional investors.

About Tyler Technologies

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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