Tyler Technologies, Inc. (TYL) Chairman Sells $2,012,600.00 in Stock

Tyler Technologies, Inc. (NYSE:TYL) Chairman John S. Marr, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $201.26, for a total value of $2,012,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of NYSE:TYL traded down $0.02 during mid-day trading on Thursday, hitting $201.62. 502,725 shares of the company traded hands, compared to its average volume of 298,577. The stock has a market cap of $7.72 billion, a price-to-earnings ratio of 53.91, 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 earnings results on Wednesday, February 20th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.29. The company had revenue of $242.00 million for the quarter, compared to analysts’ expectations of $244.65 million. Tyler Technologies had a return on equity of 11.28% and a net margin of 15.74%. Tyler Technologies’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.07 earnings per share. As a group, analysts anticipate that Tyler Technologies, Inc. will post 4.17 earnings per share for the current year.

TYL has been the subject of a number of research reports. Zacks Investment Research raised Tyler Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, November 17th. DA Davidson raised Tyler Technologies from a “neutral” rating to a “buy” rating in a research note on Friday, December 21st. ValuEngine raised Tyler Technologies from a “hold” rating to a “buy” rating in a research note on Friday, December 21st. TheStreet raised Tyler Technologies from a “c+” rating to a “b-” rating in a research note on Friday, February 15th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Tyler Technologies in a research report on Thursday, February 21st. One equities research 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’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $238.56.

A number of institutional investors have recently modified their holdings of TYL. Norges Bank bought a new stake in Tyler Technologies during the fourth quarter worth $81,675,000. BlackRock Inc. lifted its holdings in Tyler Technologies by 8.9% during the fourth quarter. BlackRock Inc. now owns 3,716,871 shares of the technology company’s stock worth $690,669,000 after acquiring an additional 303,947 shares during the period. Mackenzie Financial Corp bought a new stake in Tyler Technologies during the fourth quarter worth $29,035,000. Waratah Capital Advisors Ltd. bought a new stake in Tyler Technologies during the fourth quarter worth $21,653,000. Finally, Conestoga Capital Advisors LLC lifted its holdings in Tyler Technologies by 55.9% during the fourth quarter. Conestoga Capital Advisors LLC now owns 301,309 shares of the technology company’s stock worth $55,989,000 after acquiring an additional 108,010 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

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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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