Tyler Technologies (NYSE:TYL) Stock Rating Reaffirmed by Piper Sandler

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

In related news, Director Daniel M. Pope sold 1,775 shares of the company’s stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $315.83, for a total value of $560,598.25. Following the transaction, the director now directly owns 5,739 shares in the company, valued at $1,812,548.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $335.00, for a total value of $2,010,000.00. Following the sale, the chief executive officer now owns 80,200 shares of the company’s stock, valued at $26,867,000. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel M. Pope sold 1,775 shares of the business’s stock in a transaction that occurred on Friday, March 10th. The shares were sold at an average price of $315.83, for a total value of $560,598.25. Following the completion of the sale, the director now directly owns 5,739 shares in the company, valued at approximately $1,812,548.37. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,898 shares of company stock worth $6,195,979. Insiders own 2.00% of the company’s stock.

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

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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.