Tyler Technologies (NYSE:TYL)’s share price reached a new 52-week high and low on Monday . The company traded as low as $217.60 and last traded at $217.81, with a volume of 55890 shares. The stock had previously closed at $214.21.
TYL has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Tyler Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Piper Jaffray reiterated an “overweight” rating and set a $220.00 target price on shares of Tyler Technologies in a report on Tuesday, January 16th. Evercore ISI reiterated a “buy” rating and set a $210.00 target price on shares of Tyler Technologies in a report on Friday, February 23rd. Maxim Group set a $220.00 target price on shares of Tyler Technologies and gave the stock a “buy” rating in a report on Thursday, February 22nd. Finally, Robert W. Baird began coverage on shares of Tyler Technologies in a report on Tuesday, March 13th. They set an “outperform” rating and a $240.00 target price on the stock. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Tyler Technologies has an average rating of “Buy” and an average target price of $210.27.
The firm has a market capitalization of $8,118.77, a PE ratio of 70.44 and a beta of 0.91.
Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, February 21st. The technology company reported $1.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.03. Tyler Technologies had a net margin of 19.50% and a return on equity of 12.49%. The business had revenue of $217.85 million for the quarter, compared to analyst estimates of $220.56 million. During the same period last year, the business earned $0.90 EPS. The company’s revenue was up 12.7% on a year-over-year basis. analysts expect that Tyler Technologies will post 3.87 earnings per share for the current fiscal year.
In other news, VP Brian K. Miller sold 5,000 shares of the firm’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $210.54, for a total value of $1,052,700.00. Following the sale, the vice president now directly owns 55,114 shares in the company, valued at approximately $11,603,701.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John S. Marr, Jr. sold 41,000 shares of the firm’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $209.05, for a total transaction of $8,571,050.00. The disclosure for this sale can be found here. Insiders sold a total of 114,582 shares of company stock worth $23,816,504 over the last 90 days. Company insiders own 4.70% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. San Francisco Sentry Investment Group CA raised its holdings in shares of Tyler Technologies by 1,334.7% in the 4th quarter. San Francisco Sentry Investment Group CA now owns 1,076 shares of the technology company’s stock valued at $191,000 after purchasing an additional 1,001 shares in the last quarter. Stone Ridge Asset Management LLC acquired a new stake in shares of Tyler Technologies in the 4th quarter valued at $229,000. MML Investors Services LLC acquired a new stake in shares of Tyler Technologies in the 4th quarter valued at $253,000. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Tyler Technologies in the 4th quarter valued at $320,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Tyler Technologies by 37.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,045 shares of the technology company’s stock valued at $362,000 after purchasing an additional 552 shares in the last quarter. Institutional investors and hedge funds own 94.47% 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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