Tyler Technologies, Inc. (NYSE:TYL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Tyler Technologies, Inc. (NYSE:TYL) has been assigned a consensus recommendation of “Moderate Buy” from the eleven research firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $460.46.

Several brokerages recently commented on TYL. Needham & Company LLC reaffirmed a “buy” rating and set a $500.00 price target on shares of Tyler Technologies in a research report on Thursday. Piper Sandler reiterated an “overweight” rating and set a $520.00 price objective on shares of Tyler Technologies in a research note on Wednesday. JPMorgan Chase & Co. boosted their price objective on shares of Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. DA Davidson boosted their price objective on shares of Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a research note on Thursday, February 22nd. Finally, JMP Securities reiterated a “market outperform” rating and set a $490.00 price objective on shares of Tyler Technologies in a research note on Friday, February 16th.

Tyler Technologies Stock Performance

Shares of TYL stock opened at $458.45 on Friday. Tyler Technologies has a one year low of $361.16 and a one year high of $464.81. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 0.86. The company has a 50 day moving average price of $422.28 and a 200 day moving average price of $414.52. The firm has a market capitalization of $19.46 billion, a price-to-earnings ratio of 117.85, a price-to-earnings-growth ratio of 4.12 and a beta of 0.81.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. Tyler Technologies had a net margin of 8.50% and a return on equity of 8.85%. The firm had revenue of $480.94 million during the quarter, compared to analyst estimates of $483.34 million. Sell-side analysts anticipate that Tyler Technologies will post 6.77 EPS for the current year.

Insider Activity

In other news, CEO H Lynn Moore, Jr. sold 1,849 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $421.19, for a total value of $778,780.31. Following the completion of the transaction, the chief executive officer now directly owns 79,502 shares in the company, valued at $33,485,447.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Tyler Technologies news, Director Glenn A. Carter sold 1,650 shares of the stock in a transaction 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 transaction, the director now directly owns 2,011 shares in the company, valued at approximately $880,496.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO H Lynn Moore, Jr. sold 1,849 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $421.19, for a total transaction of $778,780.31. Following the transaction, the chief executive officer now owns 79,502 shares in the company, valued at $33,485,447.38. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,608 shares of company stock worth $21,974,819. 2.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Kapitalo Investimentos Ltda acquired a new stake in shares of Tyler Technologies during the fourth quarter worth $26,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Tyler Technologies during the fourth quarter worth $31,000. Headlands Technologies LLC acquired a new stake in shares of Tyler Technologies during the fourth quarter worth $40,000. Lindbrook Capital LLC raised its holdings in shares of Tyler Technologies by 50.6% during the fourth quarter. Lindbrook Capital LLC now owns 116 shares of the technology company’s stock worth $49,000 after purchasing an additional 39 shares during the period. Finally, Chilton Capital Management LLC acquired a new stake in shares of Tyler Technologies during the fourth quarter worth $52,000. 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.