Tyler Technologies (NYSE:TYL – Get Rating)‘s stock had its “overweight” rating reaffirmed by stock analysts at Piper Sandler in a note issued to investors on Friday, Benzinga reports. They presently have a $450.00 price objective on the technology company’s stock. Piper Sandler’s price target indicates a potential upside of 37.78% from the stock’s current price.
Several other research analysts also recently commented on the company. Robert W. Baird reduced their price objective on Tyler Technologies from $460.00 to $440.00 and set an “outperform” rating on the stock in a report on Tuesday, December 13th. StockNews.com assumed coverage on Tyler Technologies in a research report on Thursday. They set a “hold” rating on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $475.00 target price on shares of Tyler Technologies in a research report on Friday, February 17th. JMP Securities lowered their price objective on Tyler Technologies from $465.00 to $415.00 in a research report on Friday, February 17th. Finally, Credit Suisse Group lowered their price objective on Tyler Technologies from $375.00 to $370.00 and set a “neutral” rating for the company in a research report on Tuesday, February 21st. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Tyler Technologies has an average rating of “Moderate Buy” and an average target price of $433.62.
Tyler Technologies Trading Down 1.5 %
Shares of NYSE TYL opened at $326.61 on Friday. The business’s 50 day moving average price is $324.80 and its 200-day moving average price is $331.06. The company has a market cap of $13.66 billion, a price-to-earnings ratio of 84.40 and a beta of 0.81. Tyler Technologies has a fifty-two week low of $281.11 and a fifty-two week high of $453.03. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.95 and a current ratio of 0.95.
Insider Activity at Tyler Technologies
Institutional Trading of Tyler Technologies
Large investors have recently modified their holdings of the stock. Lindbrook Capital LLC increased its position in shares of Tyler Technologies by 105.4% during the fourth quarter. Lindbrook Capital LLC now owns 76 shares of the technology company’s stock worth $25,000 after acquiring an additional 39 shares during the period. Ruedi Wealth Management Inc. purchased a new stake in shares of Tyler Technologies during the fourth quarter worth $31,000. Private Trust Co. NA purchased a new stake in shares of Tyler Technologies during the second quarter worth $32,000. Belpointe Asset Management LLC purchased a new position in Tyler Technologies in the fourth quarter valued at $33,000. Finally, CI Investments Inc. increased its holdings in Tyler Technologies by 136.7% in the fourth quarter. CI Investments Inc. now owns 116 shares of the technology company’s stock valued at $37,000 after buying an additional 67 shares during the last quarter. Hedge funds and other 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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