Tyler Technologies (NYSE:TYL) Downgraded by StockNews.com to Hold

StockNews.com lowered shares of Tyler Technologies (NYSE:TYL) from a buy rating to a hold rating in a research report released on Monday.

Other equities analysts also recently issued research reports about the stock. Oppenheimer lifted their target price on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. BTIG Research upped their target price on Tyler Technologies from $550.00 to $630.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Truist Financial reiterated a “buy” rating and issued a $685.00 target price (up from $600.00) on shares of Tyler Technologies in a report on Friday, October 25th. Robert W. Baird raised their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, Barclays increased their target price on shares of Tyler Technologies from $700.00 to $705.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $642.62.

Tyler Technologies Stock Down 0.4 %

Shares of TYL opened at $600.61 on Monday. The stock’s 50-day moving average price is $588.67 and its two-hundred day moving average price is $536.74. Tyler Technologies has a 12 month low of $397.80 and a 12 month high of $631.43. The company has a market capitalization of $25.71 billion, a PE ratio of 109.60, a PEG ratio of 5.44 and a beta of 0.77. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.09. The company had revenue of $543.34 million for the quarter, compared to analyst estimates of $547.34 million. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.66 earnings per share. On average, analysts anticipate that Tyler Technologies will post 7.39 EPS for the current year.

Insider Buying and Selling at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $576.62, for a total transaction of $2,883,100.00. Following the transaction, the chief executive officer now owns 75,000 shares of the company’s stock, valued at $43,246,500. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $576.62, for a total value of $2,883,100.00. Following the completion of the sale, the chief executive officer now owns 75,000 shares in the company, valued at approximately $43,246,500. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Glenn A. Carter sold 3,350 shares of Tyler Technologies stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $582.57, for a total transaction of $1,951,609.50. Following the transaction, the director now directly owns 2,654 shares in the company, valued at approximately $1,546,140.78. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,850 shares of company stock worth $13,287,655. Insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Waldron Private Wealth LLC grew its position in Tyler Technologies by 3.5% during the second quarter. Waldron Private Wealth LLC now owns 716 shares of the technology company’s stock valued at $360,000 after buying an additional 24 shares during the period. Industrial Alliance Investment Management Inc. lifted its stake in Tyler Technologies by 4.4% in the first quarter. Industrial Alliance Investment Management Inc. now owns 693 shares of the technology company’s stock valued at $295,000 after purchasing an additional 29 shares during the last quarter. George Kaiser Family Foundation raised its stake in shares of Tyler Technologies by 0.7% in the second quarter. George Kaiser Family Foundation now owns 4,177 shares of the technology company’s stock valued at $2,100,000 after buying an additional 29 shares during the period. UMB Bank n.a. grew its stake in shares of Tyler Technologies by 2.4% during the 3rd quarter. UMB Bank n.a. now owns 1,354 shares of the technology company’s stock worth $790,000 after acquiring an additional 32 shares during the period. Finally, Torray Investment Partners LLC increased its holdings in Tyler Technologies by 0.3% in the 2nd quarter. Torray Investment Partners LLC now owns 11,010 shares of the technology company’s stock worth $5,536,000 after acquiring an additional 33 shares during the last quarter. Institutional investors own 93.30% of the company’s stock.

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.