Tyler Technologies (NYSE:TYL) Research Coverage Started at StockNews.com

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.

Insider Activity

In other news, CFO Brian K. Miller sold 838 shares of Tyler Technologies stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $326.37, for a total transaction of $273,498.06. Following the completion of the sale, the chief financial officer now owns 18,456 shares in the company, valued at approximately $6,023,484.72. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Brian K. Miller sold 838 shares of Tyler Technologies stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $326.37, for a total transaction of $273,498.06. Following the completion of the sale, the chief financial officer now owns 18,456 shares in the company, valued at approximately $6,023,484.72. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman John S. Marr, Jr. sold 4,868 shares of Tyler Technologies stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $325.88, for a total value of $1,586,383.84. Following the sale, the chairman now owns 59,970 shares of the company’s stock, valued at approximately $19,543,023.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,898 shares of company stock worth $6,195,979. 2.00% of the stock is currently owned by insiders.

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

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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.