Wells Fargo & Company Issues Pessimistic Forecast for Tyler Technologies (NYSE:TYL) Stock Price

Tyler Technologies (NYSE:TYLGet Free Report) had its target price dropped by investment analysts at Wells Fargo & Company from $470.00 to $420.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the technology company’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 23.16% from the company’s current price.

TYL has been the topic of a number of other research reports. Oppenheimer dropped their target price on shares of Tyler Technologies from $600.00 to $510.00 and set an “outperform” rating on the stock in a report on Friday, January 23rd. Piper Sandler dropped their price objective on shares of Tyler Technologies from $708.00 to $671.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 13th. Stifel Nicolaus assumed coverage on shares of Tyler Technologies in a research note on Wednesday, January 7th. They set a “buy” rating and a $550.00 target price for the company. The Goldman Sachs Group started coverage on shares of Tyler Technologies in a report on Tuesday, January 13th. They set a “buy” rating and a $560.00 target price for the company. Finally, Evercore ISI restated a “positive” rating on shares of Tyler Technologies in a research note on Friday, October 31st. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $607.57.

View Our Latest Stock Report on TYL

Tyler Technologies Stock Performance

Shares of NYSE:TYL opened at $341.02 on Wednesday. The firm has a market capitalization of $14.67 billion, a P/E ratio of 47.43, a P/E/G ratio of 2.31 and a beta of 0.91. The stock has a 50 day moving average price of $439.19 and a 200-day moving average price of $495.98. Tyler Technologies has a 52-week low of $320.23 and a 52-week high of $661.31.

Insider Buying and Selling

In related news, CFO Brian K. Miller sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $469.08, for a total value of $469,080.00. Following the transaction, the chief financial officer directly owned 12,781 shares of the company’s stock, valued at approximately $5,995,311.48. This represents a 7.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Glenn A. Carter sold 500 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $458.73, for a total value of $229,365.00. Following the sale, the director owned 3,172 shares in the company, valued at approximately $1,455,091.56. This represents a 13.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 3,500 shares of company stock valued at $1,605,605. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Tyler Technologies

Large investors have recently bought and sold shares of the business. DLD Asset Management LP purchased a new stake in shares of Tyler Technologies during the 2nd quarter valued at about $5,780,190,000. Norges Bank purchased a new position in shares of Tyler Technologies during the second quarter valued at approximately $712,276,000. Van ECK Associates Corp lifted its position in Tyler Technologies by 55.1% during the third quarter. Van ECK Associates Corp now owns 850,103 shares of the technology company’s stock valued at $444,740,000 after purchasing an additional 301,885 shares during the period. Wellington Management Group LLP boosted its holdings in Tyler Technologies by 72.5% in the third quarter. Wellington Management Group LLP now owns 600,776 shares of the technology company’s stock worth $314,302,000 after purchasing an additional 252,488 shares during the last quarter. Finally, Impax Asset Management Group plc bought a new stake in Tyler Technologies in the 4th quarter worth approximately $106,740,000. 93.30% of the stock is currently owned by institutional investors.

More Tyler Technologies News

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Tyler Technologies Company Profile

(Get Free Report)

Tyler Technologies, Inc is a provider of software and technology services for the public sector, delivering integrated systems that help government and public agencies manage operations, finances and citizen services. Headquartered in Plano, Texas, the company focuses on developing and implementing solutions for local and state governments, school districts, courts and public safety organizations. Its offerings are aimed at modernizing administrative workflows, improving transparency and enabling digital interactions between governments and the communities they serve.

Tyler’s product portfolio spans enterprise resource planning and financial management, tax and billing systems, court case and records management, public safety solutions (including computer-aided dispatch and records management), land and property management, permitting and licensing, and enterprise asset management.

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Analyst Recommendations for Tyler Technologies (NYSE:TYL)

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