Tyler Technologies (NYSE:TYL) Given “Market Outperform” Rating at JMP Securities

Tyler Technologies (NYSE:TYL)‘s stock had its “market outperform” rating restated by equities researchers at JMP Securities in a research note issued on Friday, Benzinga reports. They currently have a $490.00 price target on the technology company’s stock. JMP Securities’ price objective points to a potential upside of 6.35% from the company’s previous close.

TYL has been the subject of several other reports. Oppenheimer increased their price target on Tyler Technologies from $480.00 to $500.00 and gave the company an “outperform” rating in a report on Friday. JPMorgan Chase & Co. increased their price target on Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Piper Sandler reiterated an “overweight” rating and issued a $520.00 price target on shares of Tyler Technologies in a report on Wednesday. DA Davidson increased their price target on Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $500.00 price target on shares of Tyler Technologies in a report on Thursday. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Tyler Technologies has an average rating of “Moderate Buy” and a consensus price target of $465.85.

Tyler Technologies Trading Up 0.6 %

TYL stock opened at $460.74 on Friday. The company has a market cap of $19.56 billion, a price-to-earnings ratio of 104.24, a PEG ratio of 4.51 and a beta of 0.81. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $423.02 and a 200-day simple moving average of $415.30. Tyler Technologies has a 52 week low of $361.16 and a 52 week high of $465.78.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $480.94 million during the quarter, compared to the consensus estimate of $483.34 million. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. On average, equities research analysts expect that Tyler Technologies will post 6.77 EPS for the current year.

Insider Buying and Selling at Tyler Technologies

In other news, insider John S. Marr, Jr. sold 6,500 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $437.49, for a total transaction of $2,843,685.00. Following the transaction, the insider now owns 6,400 shares of the company’s stock, valued at $2,799,936. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Glenn A. Carter sold 1,650 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $437.84, for a total transaction of $722,436.00. Following the transaction, the director now owns 2,011 shares of the company’s stock, valued at $880,496.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John S. Marr, Jr. sold 6,500 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $437.49, for a total transaction of $2,843,685.00. Following the transaction, the insider now directly owns 6,400 shares in the company, valued at approximately $2,799,936. The disclosure for this sale can be found here. Insiders sold a total of 50,608 shares of company stock valued at $21,974,819 in the last ninety days. Insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Tyler Technologies

Several large investors have recently modified their holdings of TYL. Kapitalo Investimentos Ltda bought a new position in shares of Tyler Technologies during the fourth quarter worth about $26,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Tyler Technologies in the fourth quarter worth about $31,000. Headlands Technologies LLC bought a new position in Tyler Technologies in the fourth quarter worth about $40,000. Lindbrook Capital LLC lifted its holdings in Tyler Technologies by 50.6% in the fourth quarter. Lindbrook Capital LLC now owns 116 shares of the technology company’s stock worth $49,000 after acquiring an additional 39 shares during the last quarter. Finally, Chilton Capital Management LLC bought a new position in Tyler Technologies in the fourth quarter worth about $52,000. Institutional investors own 93.30% of the company’s stock.

About Tyler Technologies

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 platform and transformative technology solutions, including cybersecurity for government agencies; data and insights solutions; digital solutions that helps workers and policymakers to share, communicate, and leverage data; payments solutions, such as billing, presentment, merchant onboarding, collections, reconciliation, and disbursements; platform technologies, an application development platform that enables government workers to build solutions and applications; and outdoor recreation solutions, including campsite reservations, activity registrations, licensing sales and renewals, and real-time data for conservation and park management.