Tyler Technologies, Inc. (NYSE:TYL)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $218.40 and traded as high as $227.19. Tyler Technologies shares last traded at $226.57, with a volume of 1,427 shares trading hands.
TYL has been the subject of several research analyst reports. KeyCorp reaffirmed a “hold” rating on shares of Tyler Technologies in a research note on Monday, March 25th. Northland Securities set a $11.00 price target on shares of Lazydays and gave the company a “buy” rating in a research note on Friday, March 22nd. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Northcoast Research initiated coverage on shares of Tyler Technologies in a research note on Thursday, March 28th. They set a “buy” rating and a $250.00 price target for the company. Finally, Zacks Investment Research raised shares of SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Friday, July 5th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Tyler Technologies currently has a consensus rating of “Buy” and a consensus price target of $233.86.
The firm has a market capitalization of $8.63 billion, a P/E ratio of 60.77 and a beta of 0.92. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a 50 day moving average of $218.67.
Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.95 EPS for the quarter, hitting analysts’ consensus estimates of $0.95. The company had revenue of $247.10 million during 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%. Tyler Technologies’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.13 earnings per share. Equities research analysts predict that Tyler Technologies, Inc. will post 4.17 earnings per share for the current fiscal year.
In related news, CEO H Lynn Moore, Jr. sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $216.10, for a total value of $1,296,600.00. Following the completion of the transaction, the chief executive officer now owns 68,380 shares of the company’s stock, valued at $14,776,918. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dustin R. Womble sold 7,444 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $221.87, for a total transaction of $1,651,600.28. Following the completion of the transaction, the director now directly owns 185,443 shares of the company’s stock, valued at approximately $41,144,238.41. The disclosure for this sale can be found here. Insiders sold 59,636 shares of company stock valued at $13,101,345 in the last three months. 4.40% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the stock. California State Teachers Retirement System raised its stake in Tyler Technologies by 0.4% in the first quarter. California State Teachers Retirement System now owns 60,436 shares of the technology company’s stock worth $12,353,000 after buying an additional 237 shares in the last quarter. Twin Tree Management LP increased its position in shares of Tyler Technologies by 116.7% during the first quarter. Twin Tree Management LP now owns 5,258 shares of the technology company’s stock worth $1,075,000 after purchasing an additional 2,832 shares in the last quarter. Fort L.P. increased its position in shares of Tyler Technologies by 31.6% during the first quarter. Fort L.P. now owns 10,049 shares of the technology company’s stock worth $2,054,000 after purchasing an additional 2,412 shares in the last quarter. Penn Capital Management Co. Inc. increased its position in shares of Tyler Technologies by 205.0% during the first quarter. Penn Capital Management Co. Inc. now owns 19,112 shares of the technology company’s stock worth $3,906,000 after purchasing an additional 12,846 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS increased its position in shares of Tyler Technologies by 24.3% during the first quarter. Kornitzer Capital Management Inc. KS now owns 91,593 shares of the technology company’s stock worth $18,722,000 after purchasing an additional 17,913 shares in the last quarter. 89.29% of the stock is owned by institutional investors.
About Tyler Technologies (NYSE:TYL)
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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