Tyler Technologies, Inc. (NYSE:TYL) Receives $519.09 Average Price Target from Analysts

Tyler Technologies, Inc. (NYSE:TYL) has been given a consensus recommendation of “Moderate Buy” by the eleven research firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $519.09.

Several analysts recently weighed in on TYL shares. JMP Securities restated a “market outperform” rating and set a $490.00 target price on shares of Tyler Technologies in a research note on Friday, April 26th. Robert W. Baird raised their price objective 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 upped their target price on shares of Tyler Technologies from $485.00 to $530.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Oppenheimer raised their price target on shares of Tyler Technologies from $500.00 to $550.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 22nd. Finally, Truist Financial restated a “buy” rating and set a $560.00 price objective (up previously from $510.00) on shares of Tyler Technologies in a report on Thursday, May 23rd.

Tyler Technologies Trading Up 2.2 %

NYSE:TYL opened at $489.55 on Friday. The company’s 50 day moving average is $467.47 and its 200-day moving average is $438.29. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.20. Tyler Technologies has a 12 month low of $361.16 and a 12 month high of $500.49. The firm has a market cap of $20.79 billion, a price-to-earnings ratio of 110.76, a P/E/G ratio of 4.50 and a beta of 0.74.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, April 24th. The technology company reported $1.74 EPS for the quarter, topping the consensus estimate of $1.48 by $0.26. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. The firm had revenue of $512.36 million for the quarter, compared to the consensus estimate of $507.79 million. Equities analysts anticipate that Tyler Technologies will post 7.1 EPS for the current year.

Insider Buying and Selling

In other Tyler Technologies news, CFO Brian K. Miller sold 800 shares of Tyler Technologies stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $479.28, for a total transaction of $383,424.00. Following the sale, the chief financial officer now directly owns 12,736 shares of the company’s stock, valued at $6,104,110.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Brenda A. Cline sold 5,000 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $458.83, for a total transaction of $2,294,150.00. Following the completion of the sale, the director now owns 1,358 shares in the company, valued at approximately $623,091.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian K. Miller sold 800 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $479.28, for a total transaction of $383,424.00. Following the completion of the transaction, the chief financial officer now owns 12,736 shares in the company, valued at $6,104,110.08. The disclosure for this sale can be found here. Insiders sold 26,241 shares of company stock valued at $12,495,890 over the last quarter. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of Tyler Technologies

Several hedge funds have recently modified their holdings of the company. Kapitalo Investimentos Ltda bought a new position in Tyler Technologies in the 4th quarter valued at $26,000. Covestor Ltd increased its stake in shares of Tyler Technologies by 153.6% in the first quarter. Covestor Ltd now owns 71 shares of the technology company’s stock valued at $30,000 after buying an additional 43 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Tyler Technologies in the fourth quarter valued at about $31,000. Larson Financial Group LLC lifted its position in Tyler Technologies by 675.0% during the 1st quarter. Larson Financial Group LLC now owns 93 shares of the technology company’s stock worth $40,000 after buying an additional 81 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in Tyler Technologies during the 4th quarter worth about $40,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

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.