Tyler Technologies (TYL) Upgraded by ValuEngine to “Buy”

ValuEngine upgraded shares of Tyler Technologies (NYSE:TYL) from a hold rating to a buy rating in a report released on Friday.

TYL has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Tyler Technologies from a sell rating to a hold rating in a research report on Friday, November 23rd. Robert W. Baird dropped their price target on shares of Tyler Technologies from $260.00 to $250.00 and set an outperform rating on the stock in a research report on Friday, November 2nd. JMP Securities dropped their price target on shares of Tyler Technologies from $250.00 to $245.00 and set a market outperform rating on the stock in a research report on Thursday, November 1st. KeyCorp restated a hold rating on shares of Tyler Technologies in a research report on Friday, November 2nd. Finally, TheStreet downgraded shares of Tyler Technologies from a b rating to a c+ rating in a research report on Thursday, November 1st. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Tyler Technologies presently has an average rating of Buy and an average price target of $233.36.

TYL stock opened at $207.53 on Friday. Tyler Technologies has a 52 week low of $173.26 and a 52 week high of $252.47. The stock has a market cap of $8.08 billion, a price-to-earnings ratio of 65.26, a P/E/G ratio of 4.58 and a beta of 0.81.



In related news, Director Dustin R. Womble sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, December 14th. The shares were sold at an average price of $186.26, for a total value of $1,396,950.00. Following the sale, the director now directly owns 185,622 shares in the company, valued at approximately $34,573,953.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dustin R. Womble sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $190.66, for a total transaction of $3,813,200.00. Following the completion of the sale, the director now owns 198,122 shares in the company, valued at $37,773,940.52. The disclosure for this sale can be found here. 4.70% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quantamental Technologies LLC purchased a new position in shares of Tyler Technologies in the fourth quarter worth approximately $33,000. Cutler Group LP purchased a new position in shares of Tyler Technologies in the fourth quarter worth approximately $37,000. Meeder Asset Management Inc. purchased a new position in shares of Tyler Technologies in the fourth quarter worth approximately $79,000. Harvest Fund Management Co. Ltd increased its position in shares of Tyler Technologies by 390.6% in the third quarter. Harvest Fund Management Co. Ltd now owns 574 shares of the technology company’s stock worth $141,000 after acquiring an additional 457 shares in the last quarter. Finally, Ffcm LLC purchased a new position in shares of Tyler Technologies in the fourth quarter worth approximately $138,000. Institutional investors and hedge funds own 98.53% of the company’s stock.

Tyler Technologies Company Profile

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector in the United States and internationally. It operates through two segments, Enterprise Software, and Appraisal and Tax. The company's financial management solutions include modular fund accounting systems for government agencies or not-for-profit entities; and utility billing systems for the billing and collection of metered and non-metered services.

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Analyst Recommendations for Tyler Technologies (NYSE:TYL)

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