Tyler Technologies, Inc. (NYSE:TYL) Director Luther King, Jr. sold 275 shares of Tyler Technologies stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $193.29, for a total transaction of $53,154.75. Following the transaction, the director now directly owns 72,864 shares of the company’s stock, valued at $14,083,882.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
NYSE:TYL opened at $188.48 on Friday. The stock has a market cap of $7.28 billion, a price-to-earnings ratio of 59.27, a PEG ratio of 4.97 and a beta of 0.92. Tyler Technologies, Inc. has a fifty-two week low of $168.48 and a fifty-two week high of $252.47.
Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, October 31st. The technology company reported $1.23 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.23. The business had revenue of $236.10 million during the quarter, compared to analyst estimates of $240.98 million. Tyler Technologies had a net margin of 19.47% and a return on equity of 11.19%. Tyler Technologies’s revenue was up 10.0% compared to the same quarter last year. During the same period last year, the business earned $1.05 EPS. On average, equities research analysts predict that Tyler Technologies, Inc. will post 3.77 earnings per share for the current year.
A number of research firms have weighed in on TYL. Robert W. Baird restated a “buy” rating and set a $260.00 price objective (up from $240.00) on shares of Tyler Technologies in a research note on Friday, July 27th. Zacks Investment Research upgraded shares of Tyler Technologies from a “hold” rating to a “buy” rating and set a $267.00 price objective for the company in a research note on Tuesday, July 24th. TheStreet lowered shares of Tyler Technologies from a “b” rating to a “c+” rating in a research note on Thursday, November 1st. KeyCorp restated a “hold” rating on shares of Tyler Technologies in a research note on Friday, November 2nd. Finally, JMP Securities reduced their price objective on shares of Tyler Technologies from $250.00 to $245.00 and set a “market outperform” rating for the company in a research note on Thursday, November 1st. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Tyler Technologies has an average rating of “Buy” and an average price target of $233.36.
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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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