Tyler Technologies, Inc. (NYSE:TYL) Director Luther King, Jr. sold 1,500 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $211.86, for a total transaction of $317,790.00. Following the completion of the transaction, the director now owns 82,996 shares in the company, valued at $17,583,532.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Tyler Technologies stock traded down $3.15 on Friday, reaching $213.85. The company had a trading volume of 5,197 shares, compared to its average volume of 244,488. The company has a market capitalization of $8.25 billion, a price-to-earnings ratio of 57.15 and a beta of 0.95. Tyler Technologies, Inc. has a 52-week low of $173.26 and a 52-week high of $252.47. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.00 and a current ratio of 1.00.
Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.95 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.95. The business had revenue of $247.10 million for the quarter, compared to the consensus estimate of $251.75 million. Tyler Technologies had a net margin of 14.23% and a return on equity of 11.28%. The business’s revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.13 EPS. Equities analysts expect that Tyler Technologies, Inc. will post 4.16 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Quantamental Technologies LLC acquired a new position in shares of Tyler Technologies in the 4th quarter valued at $33,000. Cutler Group LP purchased a new position in shares of Tyler Technologies in the 4th quarter valued at about $37,000. Icon Wealth Partners LLC purchased a new position in shares of Tyler Technologies in the 1st quarter valued at about $53,000. Cresset Asset Management LLC purchased a new position in shares of Tyler Technologies in the 1st quarter valued at about $64,000. Finally, Captrust Financial Advisors increased its holdings in shares of Tyler Technologies by 22.9% in the 4th quarter. Captrust Financial Advisors now owns 403 shares of the technology company’s stock valued at $75,000 after purchasing an additional 75 shares in the last quarter. 90.01% of the stock is currently owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION WARNING: This news story was originally published by Baseball Daily News and is owned by of Baseball Daily News. If you are viewing this news story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://www.baseballdailydigest.com/news/2019/05/17/luther-king-jr-sells-1500-shares-of-tyler-technologies-inc-tyl-stock.html.
Tyler Technologies Company Profile
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.
Further Reading: Cash Flow Analysis in Stock Selection
Receive News & Ratings for Tyler Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyler Technologies and related companies with MarketBeat.com's FREE daily email newsletter.