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

Tyler Technologies, Inc. (NYSE:TYL) has received a consensus rating of “Moderate Buy” from the fourteen analysts that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $643.77.

A number of research firms have recently commented on TYL. Wells Fargo & Company reissued an “equal weight” rating and set a $615.00 price target (down previously from $670.00) on shares of Tyler Technologies in a report on Tuesday. DA Davidson boosted their target price on Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. StockNews.com downgraded shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Robert W. Baird lifted their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, Truist Financial reissued a “buy” rating and issued a $685.00 price objective (up previously from $600.00) on shares of Tyler Technologies in a research note on Friday, October 25th.

Insider Transactions at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 6,250 shares of Tyler Technologies stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $605.82, for a total transaction of $3,786,375.00. Following the completion of the transaction, the chief executive officer now owns 75,000 shares of the company’s stock, valued at $45,436,500. This trade represents a 7.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John S. Marr, Jr. sold 12,000 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the sale, the insider now directly owns 6,983 shares in the company, valued at $4,285,187.78. This trade represents a 63.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,252 shares of company stock worth $26,096,928 over the last ninety days. 2.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Tyler Technologies

Institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC bought a new position in Tyler Technologies during the second quarter worth $61,000. Farther Finance Advisors LLC grew its stake in shares of Tyler Technologies by 1,575.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 972 shares of the technology company’s stock valued at $486,000 after buying an additional 914 shares during the period. Natixis Advisors LLC increased its position in Tyler Technologies by 6.2% in the 2nd quarter. Natixis Advisors LLC now owns 35,177 shares of the technology company’s stock valued at $17,687,000 after buying an additional 2,060 shares in the last quarter. Versor Investments LP acquired a new position in Tyler Technologies during the 2nd quarter worth approximately $402,000. Finally, Rhumbline Advisers boosted its holdings in Tyler Technologies by 5.1% in the second quarter. Rhumbline Advisers now owns 95,487 shares of the technology company’s stock worth $48,009,000 after acquiring an additional 4,653 shares in the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Tyler Technologies Trading Down 2.2 %

Shares of Tyler Technologies stock opened at $563.25 on Wednesday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18. Tyler Technologies has a 12-month low of $397.80 and a 12-month high of $638.56. The company has a market capitalization of $24.11 billion, a price-to-earnings ratio of 102.78, a PEG ratio of 5.54 and a beta of 0.78. The firm’s 50-day moving average price is $606.89 and its two-hundred day moving average price is $580.07.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.09. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The business had revenue of $543.34 million for the quarter, compared to analyst estimates of $547.34 million. During the same quarter last year, the business posted $1.66 EPS. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, analysts forecast that Tyler Technologies will post 7.36 earnings per share for the current fiscal year.

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.