Tyler Technologies (NYSE:TYL) Lowered to “Hold” Rating by StockNews.com

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

Several other analysts also recently weighed in on the company. Wells Fargo & Company lifted their target price on Tyler Technologies from $580.00 to $600.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. DA Davidson lifted their price objective on shares of Tyler Technologies from $525.00 to $550.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Robert W. Baird upped 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. Barclays lifted their price target on shares of Tyler Technologies from $700.00 to $705.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, Evercore ISI raised Tyler Technologies to a “hold” rating in a research note on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $642.62.

Tyler Technologies Trading Up 0.2 %

Shares of TYL opened at $601.14 on Wednesday. Tyler Technologies has a twelve month low of $397.80 and a twelve month high of $631.43. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The company’s fifty day simple moving average is $594.40 and its 200-day simple moving average is $549.91. The company has a market cap of $25.73 billion, a P/E ratio of 109.70, a P/E/G ratio of 5.39 and a beta of 0.77.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data 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. The business had revenue of $543.34 million during the quarter, compared to the consensus estimate of $547.34 million. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.66 earnings per share. As a group, analysts expect that Tyler Technologies will post 7.39 EPS for the current year.

Insider Buying and Selling at Tyler Technologies

In other news, CFO Brian K. Miller sold 2,500 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $624.41, for a total value of $1,561,025.00. Following the sale, the chief financial officer now directly owns 11,950 shares in the company, valued at approximately $7,461,699.50. This trade represents a 17.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Glenn A. Carter sold 3,350 shares of the business’s 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 owns 2,654 shares of the company’s stock, valued at approximately $1,546,140.78. This trade represents a 55.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,600 shares of company stock worth $16,412,595 over the last quarter. Insiders own 1.50% of the company’s stock.

Institutional Trading of Tyler Technologies

A number of institutional investors have recently made changes to their positions in the business. Waldron Private Wealth LLC raised its stake in Tyler Technologies by 3.5% in 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 last quarter. FWG Holdings LLC increased its holdings in shares of Tyler Technologies by 3.1% during the third quarter. FWG Holdings LLC now owns 910 shares of the technology company’s stock valued at $551,000 after acquiring an additional 27 shares in the last quarter. Industrial Alliance Investment Management Inc. raised its position in shares of Tyler Technologies by 4.4% in the 1st 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 boosted its stake in Tyler Technologies by 0.7% in the 2nd quarter. George Kaiser Family Foundation now owns 4,177 shares of the technology company’s stock worth $2,100,000 after purchasing an additional 29 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its position in Tyler Technologies by 2.3% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,377 shares of the technology company’s stock worth $804,000 after purchasing an additional 31 shares during the last quarter. Institutional investors and hedge funds 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.