StockNews.com began coverage on shares of Tyler Technologies (NYSE:TYL – Get Rating) in a research report report published on Thursday morning. The firm issued a hold rating on the technology company’s stock.
A number of other research firms have also recently commented on TYL. Needham & Company LLC reiterated a buy rating and set a $475.00 target price on shares of Tyler Technologies in a research note on Friday, February 17th. JMP Securities decreased their price objective on Tyler Technologies from $465.00 to $415.00 in a report on Friday, February 17th. Barclays decreased their price objective on Tyler Technologies from $365.00 to $350.00 and set an equal weight rating for the company in a report on Wednesday, January 11th. Credit Suisse Group decreased their price objective on Tyler Technologies from $375.00 to $370.00 and set a neutral rating for the company in a report on Tuesday, February 21st. Finally, Piper Sandler decreased their price objective on Tyler Technologies from $468.00 to $450.00 and set an overweight rating for the company in a report on Friday, February 17th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tyler Technologies has an average rating of Moderate Buy and a consensus price target of $433.62.
Tyler Technologies Trading Down 1.5 %
NYSE TYL opened at $326.61 on Thursday. The stock has a market capitalization of $13.66 billion, a price-to-earnings ratio of 84.40 and a beta of 0.81. Tyler Technologies has a one year low of $281.11 and a one year high of $453.03. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.95 and a quick ratio of 0.95. The business’s fifty day moving average is $324.80 and its 200-day moving average is $331.06.
Institutional Trading of Tyler Technologies
Hedge funds have recently bought and sold shares of the company. Lindbrook Capital LLC lifted its position in Tyler Technologies by 105.4% in the 4th quarter. Lindbrook Capital LLC now owns 76 shares of the technology company’s stock worth $25,000 after buying an additional 39 shares during the last quarter. Private Trust Co. NA bought a new stake in Tyler Technologies in the 2nd quarter worth approximately $32,000. Ruedi Wealth Management Inc. bought a new stake in Tyler Technologies in the 4th quarter worth approximately $31,000. Belpointe Asset Management LLC bought a new stake in Tyler Technologies in the 4th quarter worth approximately $33,000. Finally, CI Investments Inc. lifted its position in Tyler Technologies by 136.7% in the 4th quarter. CI Investments Inc. now owns 116 shares of the technology company’s stock worth $37,000 after buying an additional 67 shares during the last quarter. Institutional investors own 89.45% of the company’s stock.
Tyler Technologies Company Profile
Tyler Technologies, Inc engages in the provision of integrated technology and management solutions and services for the public sector with a focus on local governments. It operates through the following segments: Enterprise Software and Appraisal and Tax. The Enterprise Software segment provides municipal and county governments and schools with software systems to meet their information technology and automation needs for mission-critical back-office functions such as financial management, courts and justice processes.
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