Tyler Technologies, Inc. (NYSE:TYL) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Tyler Technologies, Inc. (NYSE:TYLGet Free Report) have been given an average rating of “Moderate Buy” by the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $519.09.

TYL has been the topic of several research reports. Oppenheimer increased their target price on Tyler Technologies from $500.00 to $550.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 22nd. JMP Securities reissued a “market outperform” rating and issued a $490.00 price objective on shares of Tyler Technologies in a research note on Friday, April 26th. Robert W. Baird increased their target price on shares of Tyler Technologies from $500.00 to $525.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Truist Financial restated a “buy” rating and issued a $560.00 price target (up previously from $510.00) on shares of Tyler Technologies in a research note on Thursday, May 23rd. Finally, Loop Capital increased their price objective on Tyler Technologies from $485.00 to $530.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st.

Get Our Latest Report on TYL

Tyler Technologies Trading Down 0.5 %

Shares of TYL stock opened at $509.07 on Wednesday. The company has a 50-day moving average of $485.89 and a two-hundred day moving average of $446.51. The firm has a market cap of $21.62 billion, a PE ratio of 115.17, a price-to-earnings-growth ratio of 4.82 and a beta of 0.76. Tyler Technologies has a 1-year low of $361.16 and a 1-year high of $519.44. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.94 and a quick ratio of 0.94.

Tyler Technologies (NYSE:TYLGet Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The technology company reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.26. The firm had revenue of $512.36 million during the quarter, compared to analysts’ expectations of $507.79 million. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. On average, analysts predict that Tyler Technologies will post 7.1 EPS for the current year.

Insider Activity

In related news, insider John S. Marr, Jr. sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $483.21, for a total value of $2,899,260.00. Following the completion of the transaction, the insider now directly owns 6,983 shares of the company’s stock, valued at $3,374,255.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Brian K. Miller sold 800 shares of Tyler Technologies stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $479.28, for a total transaction of $383,424.00. Following the sale, the chief financial officer now owns 12,736 shares in the company, valued at $6,104,110.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John S. Marr, Jr. sold 6,000 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $483.21, for a total value of $2,899,260.00. Following the completion of the sale, the insider now directly owns 6,983 shares of the company’s stock, valued at $3,374,255.43. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,241 shares of company stock worth $12,495,890. 1.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Tyler Technologies by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 5,022,053 shares of the technology company’s stock valued at $2,134,423,000 after purchasing an additional 53,005 shares during the last quarter. Principal Financial Group Inc. increased its stake in Tyler Technologies by 3.3% in the first quarter. Principal Financial Group Inc. now owns 1,309,715 shares of the technology company’s stock valued at $556,642,000 after purchasing an additional 41,485 shares during the period. Norges Bank purchased a new stake in shares of Tyler Technologies in the fourth quarter valued at about $459,691,000. Franklin Resources Inc. boosted its stake in shares of Tyler Technologies by 6.7% during the fourth quarter. Franklin Resources Inc. now owns 1,040,341 shares of the technology company’s stock worth $434,987,000 after buying an additional 64,889 shares during the period. Finally, Morgan Stanley grew its holdings in shares of Tyler Technologies by 21.1% during the third quarter. Morgan Stanley now owns 1,015,713 shares of the technology company’s stock worth $392,208,000 after buying an additional 177,242 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

About Tyler Technologies

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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.

Further Reading

Analyst Recommendations for Tyler Technologies (NYSE:TYL)

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