Tyler Technologies (NYSE:TYL) Research Coverage Started at Loop Capital

Investment analysts at Loop Capital began coverage on shares of Tyler Technologies (NYSE:TYL – Get Rating) in a report released on Monday, The Fly reports. The brokerage set a “buy” rating on the technology company’s stock.

Other equities analysts have also recently issued research reports about the company. StockNews.com started coverage on Tyler Technologies in a research report on Thursday, March 31st. They set a “hold” rating for the company. Truist Financial assumed coverage on Tyler Technologies in a research note on Wednesday, February 9th. They set a “buy” rating and a $550.00 price target on the stock. Piper Sandler lowered their price target on Tyler Technologies from $600.00 to $540.00 and set an “overweight” rating on the stock in a research note on Friday, February 18th. Finally, Barclays assumed coverage on Tyler Technologies in a research note on Monday, March 14th. They set an “equal weight” rating and a $445.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $538.46.

Shares of NYSE:TYL opened at $404.83 on Monday. Tyler Technologies has a fifty-two week low of $384.38 and a fifty-two week high of $557.55. The business has a 50-day moving average of $430.47 and a two-hundred day moving average of $479.21. The stock has a market capitalization of $16.77 billion, a P/E ratio of 105.98 and a beta of 0.78. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.16 and a quick ratio of 1.16.

Tyler Technologies (NYSE:TYL – Get Rating) last posted its quarterly earnings data on Wednesday, February 16th. The technology company reported $1.26 earnings per share for the quarter, hitting the consensus estimate of $1.26. Tyler Technologies had a return on equity of 10.30% and a net margin of 10.14%. The business had revenue of $433.54 million during the quarter, compared to analysts’ expectations of $433.74 million. During the same quarter in the previous year, the firm earned $1.14 EPS. The firm’s revenue was up 53.0% compared to the same quarter last year. As a group, research analysts expect that Tyler Technologies will post 5.67 EPS for the current fiscal year.

In other news, Director Daniel M. Pope sold 696 shares of the company’s stock in a transaction that occurred on Tuesday, March 15th. The stock was sold at an average price of $402.06, for a total value of $279,833.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 2.70% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Trust Co. of Vermont bought a new stake in Tyler Technologies during the 4th quarter worth approximately $27,000. JNBA Financial Advisors bought a new stake in Tyler Technologies during the 3rd quarter worth approximately $28,000. O Shaughnessy Asset Management LLC grew its position in Tyler Technologies by 34.5% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 74 shares of the technology company’s stock worth $34,000 after acquiring an additional 19 shares during the last quarter. Duncker Streett & Co. Inc. bought a new stake in Tyler Technologies during the 3rd quarter worth approximately $39,000. Finally, Assetmark Inc. grew its position in Tyler Technologies by 125.0% during the 3rd quarter. Assetmark Inc. now owns 108 shares of the technology company’s stock worth $50,000 after acquiring an additional 60 shares during the last quarter. Institutional investors and hedge funds own 90.80% of the company’s stock.

Tyler Technologies Company Profile (Get Rating)

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. The company operates in three segments: Enterprise Software; Appraisal and Tax; and NIC. 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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