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

Tyler Technologies, Inc. (NYSE:TYL) has been given an average rating of “Moderate Buy” by the thirteen research firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $676.25.

Several brokerages have recently weighed in on TYL. Truist Financial reissued a “buy” rating and set a $775.00 target price (up previously from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. The Goldman Sachs Group raised their price objective on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Barclays upped their target price on shares of Tyler Technologies from $705.00 to $715.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Needham & Company LLC reiterated a “buy” rating and set a $700.00 price target on shares of Tyler Technologies in a research note on Tuesday, January 21st. Finally, StockNews.com downgraded shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Monday, February 24th.

Tyler Technologies Trading Up 1.9 %

NYSE TYL opened at $563.81 on Monday. Tyler Technologies has a 52 week low of $397.80 and a 52 week high of $661.31. The firm has a 50 day moving average of $598.55 and a two-hundred day moving average of $598.48. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $24.25 billion, a PE ratio of 93.04, a price-to-earnings-growth ratio of 4.93 and a beta of 0.80.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, February 12th. The technology company reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. As a group, research analysts expect that Tyler Technologies will post 8.52 EPS for the current fiscal year.

Insider Transactions at Tyler Technologies

In other news, insider John S. Marr, Jr. sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the sale, the insider now owns 6,983 shares of the company’s stock, valued at $4,322,477. The trade was a 46.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brian K. Miller sold 1,550 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $613.58, for a total value of $951,049.00. Following the completion of the sale, the chief financial officer now directly owns 14,026 shares in the company, valued at $8,606,073.08. This trade represents a 9.95 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 14,064 shares of company stock valued at $8,688,030. Corporate insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Tyler Technologies

Hedge funds have recently bought and sold shares of the stock. KBC Group NV grew its position in shares of Tyler Technologies by 30.7% in the third quarter. KBC Group NV now owns 15,540 shares of the technology company’s stock valued at $9,071,000 after purchasing an additional 3,646 shares during the period. Metis Global Partners LLC boosted its position in shares of Tyler Technologies by 4.1% in the third quarter. Metis Global Partners LLC now owns 1,695 shares of the technology company’s stock worth $989,000 after acquiring an additional 66 shares during the last quarter. ING Groep NV increased its position in Tyler Technologies by 700.4% during the third quarter. ING Groep NV now owns 5,707 shares of the technology company’s stock worth $3,331,000 after purchasing an additional 4,994 shares during the last quarter. CIBC Asset Management Inc raised its stake in Tyler Technologies by 8.8% during the third quarter. CIBC Asset Management Inc now owns 6,211 shares of the technology company’s stock worth $3,625,000 after purchasing an additional 501 shares during the period. Finally, Empirical Finance LLC grew its stake in shares of Tyler Technologies by 2.6% during the 3rd quarter. Empirical Finance LLC now owns 1,342 shares of the technology company’s stock valued at $783,000 after buying an additional 34 shares during the period. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Tyler Technologies Company Profile

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.