Tyler Technologies (NYSE:TYL) PT Raised to $525.00 at Robert W. Baird

Tyler Technologies (NYSE:TYL) had its price objective lifted by stock analysts at Robert W. Baird from $500.00 to $525.00 in a research report issued on Friday, Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Robert W. Baird’s target price would suggest a potential upside of 13.95% from the company’s previous close.

A number of other research analysts have also recently commented on TYL. JMP Securities reissued a “market outperform” rating and issued a $490.00 target price on shares of Tyler Technologies in a report on Friday, February 16th. Piper Sandler reiterated an “overweight” rating and issued a $520.00 price objective on shares of Tyler Technologies in a report on Wednesday. Oppenheimer raised their price objective on shares of Tyler Technologies from $480.00 to $500.00 and gave the company an “outperform” rating in a report on Friday. DA Davidson raised their price objective on shares of Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently 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 debt-to-equity ratio of 0.20, a current ratio of 0.94 and a quick ratio of 0.86. The company has a fifty day moving average price of $423.02 and a two-hundred day moving average price of $415.30. Tyler Technologies has a one year low of $361.16 and a one year high of $465.78. The stock has a market cap of $19.56 billion, a price-to-earnings ratio of 104.24, a price-to-earnings-growth ratio of 4.51 and a beta of 0.81.

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 firm had revenue of $480.94 million during the quarter, compared to analysts’ expectations of $483.34 million. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. Equities analysts anticipate that Tyler Technologies will post 6.77 EPS for the current year.

Insider Transactions at Tyler Technologies

In other news, Director Glenn A. Carter sold 1,650 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $437.84, for a total transaction of $722,436.00. Following the completion of the sale, the director now owns 2,011 shares of the company’s stock, valued at approximately $880,496.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO H Lynn Moore, Jr. sold 7,500 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $435.19, for a total value of $3,263,925.00. Following the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $32,639,250. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Glenn A. Carter sold 1,650 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $437.84, for a total value of $722,436.00. Following the completion of the transaction, the director now owns 2,011 shares in the company, valued at $880,496.24. 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 quarter. 2.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Tyler Technologies

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Tyler Technologies by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 4,969,048 shares of the technology company’s stock worth $2,077,658,000 after purchasing an additional 55,629 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Tyler Technologies by 0.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,268,954 shares of the technology company’s stock valued at $489,994,000 after acquiring an additional 5,013 shares in the last quarter. Norges Bank bought a new position in Tyler Technologies during the 4th quarter valued at $459,691,000. Franklin Resources Inc. lifted its stake in Tyler Technologies by 6.7% during the 4th quarter. Franklin Resources Inc. now owns 1,040,341 shares of the technology company’s stock valued at $434,987,000 after acquiring an additional 64,889 shares in the last quarter. Finally, Morgan Stanley lifted its stake in Tyler Technologies by 21.1% during the 3rd quarter. Morgan Stanley now owns 1,015,713 shares of the technology company’s stock valued at $392,208,000 after acquiring an additional 177,242 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors.

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.