Tyler Technologies, Inc. (NYSE:TYL) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Tyler Technologies, Inc. (NYSE:TYL) have been assigned a consensus rating of “Moderate Buy” from the fourteen research firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $642.62.

A number of brokerages recently issued reports on TYL. Evercore ISI raised Tyler Technologies to a “hold” rating in a research report on Friday, July 26th. JMP Securities raised their price objective on Tyler Technologies from $580.00 to $700.00 and gave the stock a “market outperform” rating in a research report on Friday, October 25th. Robert W. Baird raised their price objective on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. BTIG Research lifted 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. Finally, StockNews.com raised Tyler Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday.

Insider Transactions at Tyler Technologies

In other news, insider John S. Marr, Jr. sold 5,000 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $578.94, for a total value of $2,894,700.00. Following the completion of the sale, the insider now owns 6,983 shares in the company, valued at approximately $4,042,738.02. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Tyler Technologies news, insider John S. Marr, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $578.94, for a total transaction of $2,894,700.00. Following the sale, the insider now directly owns 6,983 shares in the company, valued at $4,042,738.02. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $605.82, for a total value of $3,786,375.00. Following the completion of the sale, the chief executive officer now owns 75,000 shares of the company’s stock, valued at $45,436,500. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,100 shares of company stock worth $17,746,270 in the last three months. 2.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Tyler Technologies by 1.1% during the first quarter. Vanguard Group Inc. now owns 5,022,053 shares of the technology company’s stock worth $2,134,423,000 after purchasing an additional 53,005 shares during the period. APG Asset Management N.V. grew its stake in Tyler Technologies by 1.4% in the second quarter. APG Asset Management N.V. now owns 1,507,062 shares of the technology company’s stock valued at $706,994,000 after purchasing an additional 20,842 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Tyler Technologies by 15.3% during the 1st quarter. Janus Henderson Group PLC now owns 532,935 shares of the technology company’s stock worth $226,501,000 after acquiring an additional 70,801 shares in the last quarter. Swedbank AB bought a new stake in shares of Tyler Technologies during the 2nd quarter worth about $251,390,000. Finally, Blair William & Co. IL boosted its stake in shares of Tyler Technologies by 0.5% during the 1st quarter. Blair William & Co. IL now owns 463,612 shares of the technology company’s stock worth $197,040,000 after acquiring an additional 2,134 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Stock Down 1.6 %

NYSE TYL opened at $613.08 on Tuesday. Tyler Technologies has a 52 week low of $397.80 and a 52 week high of $631.43. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18. The business’s fifty day simple moving average is $591.43 and its 200-day simple moving average is $543.44. The firm has a market cap of $26.24 billion, a PE ratio of 111.88, a P/E/G ratio of 5.62 and a beta of 0.77.

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