Tyler Technologies, Inc. (TYL) CFO Brian K. Miller Sells 12,000 Shares

Tyler Technologies, Inc. (NYSE:TYL) CFO Brian K. Miller sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $179.75, for a total value of $2,157,000.00. Following the completion of the sale, the chief financial officer now owns 56,694 shares in the company, valued at $10,190,746.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Tyler Technologies, Inc. (NYSE TYL) traded up $0.77 during trading on Tuesday, hitting $181.86. The company’s stock had a trading volume of 184,100 shares, compared to its average volume of 194,282. The company has a market cap of $6,803.40, a PE ratio of 55.55 and a beta of 0.97. Tyler Technologies, Inc. has a 52-week low of $141.01 and a 52-week high of $188.21.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, October 25th. The technology company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. The firm had revenue of $214.15 million for the quarter, compared to analysts’ expectations of $216.80 million. Tyler Technologies had a return on equity of 12.81% and a net margin of 16.34%. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.94 EPS. sell-side analysts anticipate that Tyler Technologies, Inc. will post 3.28 earnings per share for the current year.

Several analysts recently commented on the company. B. Riley reiterated a “neutral” rating and issued a $184.00 target price on shares of Tyler Technologies in a report on Thursday, October 26th. Zacks Investment Research upgraded Tyler Technologies from a “hold” rating to a “buy” rating and set a $198.00 target price on the stock in a report on Wednesday, November 1st. KeyCorp reiterated a “buy” rating and issued a $180.00 target price on shares of Tyler Technologies in a report on Friday, October 6th. Citigroup assumed coverage on Tyler Technologies in a report on Friday, September 22nd. They issued a “buy” rating and a $200.00 target price on the stock. Finally, Maxim Group set a $197.00 target price on Tyler Technologies and gave the company a “buy” rating in a report on Thursday, October 26th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $193.00.

Several institutional investors have recently bought and sold shares of the business. Parametric Portfolio Associates LLC boosted its holdings in shares of Tyler Technologies by 6.4% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 76,513 shares of the technology company’s stock worth $13,338,000 after buying an additional 4,600 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of Tyler Technologies by 2.4% during the 3rd quarter. California Public Employees Retirement System now owns 77,015 shares of the technology company’s stock worth $13,425,000 after buying an additional 1,815 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Tyler Technologies by 43.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 2,764 shares of the technology company’s stock worth $482,000 after buying an additional 838 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Tyler Technologies during the 3rd quarter worth approximately $444,000. Finally, Zions Bancorporation bought a new position in shares of Tyler Technologies during the 3rd quarter worth approximately $156,000. Hedge funds and other institutional investors own 91.75% of the company’s stock.

WARNING: This piece of content was reported by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of international trademark & copyright laws. The correct version of this piece of content can be accessed at https://sportsperspectives.com/2017/12/19/tyler-technologies-inc-tyl-cfo-brian-k-miller-sells-12000-shares.html.

Tyler Technologies Company Profile

Tyler Technologies, Inc is a provider of information management solutions and services for the public sector, with a focus on local governments. The Company operates through two segments: Enterprise Software (ES) segment and The Appraisal and Tax (A&T) segment. ES segment provides municipal and county governments and schools with software systems and services for information technology and automation needs that includes back-office functions, such as financial management, courts and justice processes, public safety, planning regulatory and maintenance, and land and vital records management.

Insider Buying and Selling by Quarter for Tyler Technologies (NYSE:TYL)

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.

Latest News

Leave a Reply