Truist Financial Increases Tyler Technologies (NYSE:TYL) Price Target to $510.00

Tyler Technologies (NYSE:TYL) had its target price upped by Truist Financial from $475.00 to $510.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Truist Financial’s price target points to a potential upside of 22.52% from the stock’s previous close.

TYL has been the subject of a number of other reports. Robert W. Baird increased their price target on Tyler Technologies from $470.00 to $475.00 in a report on Friday, July 28th. DA Davidson increased their price target on Tyler Technologies from $395.00 to $412.00 in a report on Wednesday, July 19th. StockNews.com initiated coverage on Tyler Technologies in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Barclays raised their target price on Tyler Technologies from $400.00 to $425.00 and gave the company an “equal weight” rating in a research note on Friday, July 14th. Finally, Piper Sandler raised their target price on Tyler Technologies from $465.00 to $480.00 and gave the company an “overweight” rating in a research note on Friday. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Tyler Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $442.43.

Tyler Technologies Stock Performance

Shares of Tyler Technologies stock opened at $416.25 on Friday. The company has a current ratio of 0.93, a quick ratio of 1.00 and a debt-to-equity ratio of 0.25. The business has a 50-day moving average price of $384.78 and a two-hundred day moving average price of $390.09. Tyler Technologies has a 1-year low of $281.11 and a 1-year high of $426.83. The company has a market cap of $17.52 billion, a P/E ratio of 112.20, a PEG ratio of 4.74 and a beta of 0.78.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, Director Glenn A. Carter sold 500 shares of Tyler Technologies stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $379.32, for a total transaction of $189,660.00. Following the completion of the transaction, the director now owns 2,011 shares in the company, valued at approximately $762,812.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $396.59, for a total transaction of $1,982,950.00. Following the transaction, the chief executive officer now owns 80,000 shares of the company’s stock, valued at approximately $31,727,200. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Glenn A. Carter sold 500 shares of Tyler Technologies stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $379.32, for a total transaction of $189,660.00. Following the transaction, the director now directly owns 2,011 shares in the company, valued at approximately $762,812.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,611 shares of company stock worth $3,010,403. Insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Tyler Technologies

Hedge funds have recently modified their holdings of the company. Exchange Traded Concepts LLC bought a new position in shares of Tyler Technologies during the 2nd quarter worth approximately $44,000. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Tyler Technologies by 307.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,937 shares of the technology company’s stock worth $6,716,000 after purchasing an additional 14,291 shares during the period. Hengehold Capital Management LLC bought a new stake in shares of Tyler Technologies in the 2nd quarter worth approximately $214,000. Centaurus Financial Inc. raised its holdings in shares of Tyler Technologies by 44.6% in the 1st quarter. Centaurus Financial Inc. now owns 18,467 shares of the technology company’s stock worth $6,549,000 after purchasing an additional 5,694 shares during the period. Finally, Crescent Grove Advisors LLC bought a new stake in shares of Tyler Technologies in the 2nd quarter worth approximately $225,000. Institutional investors own 91.28% of the company’s stock.

Tyler Technologies Company Profile

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. It operates in two segments, Enterprise Software, and Platform Technologies. The company 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; student information and transportation solutions for K-12 schools; and financial management systems.