Tyler Technologies, Inc. (NYSE:TYL) Director Daniel M. Pope Sells 1,215 Shares

Tyler Technologies, Inc. (NYSE:TYL) Director Daniel M. Pope sold 1,215 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $240.00, for a total transaction of $291,600.00. Following the completion of the sale, the director now owns 2,314 shares in the company, valued at approximately $555,360. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of NYSE TYL traded up $3.82 during mid-day trading on Wednesday, reaching $250.21. 11,475 shares of the company traded hands, compared to its average volume of 210,483. Tyler Technologies, Inc. has a fifty-two week low of $173.26 and a fifty-two week high of $252.47. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market capitalization of $9.54 billion, a price-to-earnings ratio of 66.62 and a beta of 0.92. The company has a fifty day moving average of $226.03.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.05. Tyler Technologies had a net margin of 12.96% and a return on equity of 11.44%. The business had revenue of $275.10 million for the quarter, compared to analyst estimates of $274.88 million. During the same quarter last year, the business earned $1.18 earnings per share. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. As a group, sell-side analysts predict that Tyler Technologies, Inc. will post 4.17 EPS for the current fiscal year.

Several equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Tyler Technologies from a “sell” rating to a “hold” rating in a research note on Friday, July 5th. Benchmark raised their price target on shares of Tyler Technologies from $235.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Needham & Company LLC raised their price target on shares of Tyler Technologies to $280.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. ValuEngine upgraded shares of Tyler Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Finally, Northland Securities restated a “buy” rating on shares of Tyler Technologies in a research note on Thursday, August 1st. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Tyler Technologies currently has an average rating of “Buy” and a consensus price target of $249.50.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wasatch Advisors Inc. increased its stake in shares of Tyler Technologies by 2.7% during the second quarter. Wasatch Advisors Inc. now owns 555,150 shares of the technology company’s stock valued at $119,924,000 after acquiring an additional 14,390 shares during the period. Brasada Capital Management LP boosted its holdings in Tyler Technologies by 22.8% during the second quarter. Brasada Capital Management LP now owns 17,467 shares of the technology company’s stock worth $3,861,000 after buying an additional 3,238 shares in the last quarter. Van ECK Associates Corp bought a new stake in Tyler Technologies during the second quarter worth approximately $40,000. Parkside Financial Bank & Trust boosted its holdings in Tyler Technologies by 39.0% during the second quarter. Parkside Financial Bank & Trust now owns 595 shares of the technology company’s stock worth $129,000 after buying an additional 167 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in Tyler Technologies by 253.8% during the second quarter. Teacher Retirement System of Texas now owns 185,410 shares of the technology company’s stock worth $40,052,000 after buying an additional 133,000 shares in the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

About Tyler Technologies

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.

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