BTIG Research Raises Tyler Technologies (NYSE:TYL) Price Target to $550.00

Tyler Technologies (NYSE:TYL) had its price objective lifted by BTIG Research from $515.00 to $550.00 in a report released on Wednesday morning, Benzinga reports. They currently have a buy rating on the technology company’s stock.

Other equities analysts have also recently issued research reports about the stock. DA Davidson upped their price target 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. JMP Securities reissued a market outperform rating and issued a $490.00 price objective on shares of Tyler Technologies in a report on Friday, April 26th. Robert W. Baird lifted their price target on shares of Tyler Technologies from $500.00 to $525.00 and gave the stock an outperform rating in a research note on Friday, April 26th. Loop Capital increased their price objective on shares of Tyler Technologies from $485.00 to $530.00 and gave the stock a buy rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. boosted their price objective on Tyler Technologies from $500.00 to $526.00 and gave the company an overweight rating in a research report on Thursday, February 15th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $519.09.

Tyler Technologies Stock Up 0.2 %

NYSE:TYL opened at $492.05 on Wednesday. The firm’s 50-day moving average price is $443.38 and its 200-day moving average price is $429.19. The company has a market capitalization of $20.89 billion, a PE ratio of 111.32, a P/E/G ratio of 4.59 and a beta of 0.76. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.94 and a quick ratio of 0.94. Tyler Technologies has a 1-year low of $361.16 and a 1-year high of $500.49.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, April 24th. The technology company reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.26. The firm had revenue of $512.36 million for the quarter, compared to the consensus estimate of $507.79 million. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. On average, equities analysts predict that Tyler Technologies will post 7.14 EPS for the current fiscal year.

Insider Buying and Selling at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 6,500 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $438.98, for a total transaction of $2,853,370.00. Following the completion of the transaction, the insider now owns 6,400 shares in the company, valued at approximately $2,809,472. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider John S. Marr, Jr. sold 6,500 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $438.98, for a total value of $2,853,370.00. Following the completion of the sale, the insider now directly owns 6,400 shares of the company’s stock, valued at $2,809,472. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $483.21, for a total transaction of $2,899,260.00. Following the transaction, the insider now directly owns 6,983 shares in the company, valued at $3,374,255.43. The disclosure for this sale can be found here. Insiders have sold 46,049 shares of company stock worth $20,727,935 over the last quarter. Insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Cetera Advisors LLC increased its stake in Tyler Technologies by 592.2% during the 1st quarter. Cetera Advisors LLC now owns 4,243 shares of the technology company’s stock valued at $1,803,000 after purchasing an additional 3,630 shares in the last quarter. Cetera Investment Advisers raised its stake in Tyler Technologies by 665.0% in the 1st quarter. Cetera Investment Advisers now owns 14,199 shares of the technology company’s stock worth $6,035,000 after acquiring an additional 12,343 shares during the last quarter. Atria Investments Inc lifted its position in Tyler Technologies by 4.4% during the 1st quarter. Atria Investments Inc now owns 3,768 shares of the technology company’s stock worth $1,601,000 after acquiring an additional 160 shares during the period. Wahed Invest LLC grew its stake in Tyler Technologies by 14.4% during the 1st quarter. Wahed Invest LLC now owns 764 shares of the technology company’s stock valued at $325,000 after purchasing an additional 96 shares during the last quarter. Finally, Plato Investment Management Ltd purchased a new position in shares of Tyler Technologies in the first quarter worth about $75,000. 93.30% of the stock is owned by institutional investors and hedge funds.

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.