Tyler Technologies (NYSE:TYL) PT Raised to $700.00 at Oppenheimer

Tyler Technologies (NYSE:TYL) had its target price lifted by Oppenheimer from $625.00 to $700.00 in a research note released on Friday, Benzinga reports. The brokerage currently has an outperform rating on the technology company’s stock.

Other equities analysts have also issued reports about the company. Evercore ISI upgraded Tyler Technologies to a “hold” rating in a research note on Friday, July 26th. The Goldman Sachs Group reiterated a “buy” rating and issued a $627.00 target price on shares of Tyler Technologies in a research note on Friday, September 13th. Barclays raised shares of Tyler Technologies from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $577.00 to $700.00 in a report on Monday, October 7th. Wells Fargo & Company upped their target price on shares of Tyler Technologies from $580.00 to $600.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Finally, JMP Securities raised their target price on Tyler Technologies from $490.00 to $580.00 and gave the company a “market outperform” rating in a research report on Monday, July 22nd. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Tyler Technologies has an average rating of “Moderate Buy” and an average target price of $642.62.

Tyler Technologies Stock Down 0.9 %

NYSE:TYL traded down $5.81 during mid-day trading on Friday, hitting $605.86. The company had a trading volume of 238,251 shares, compared to its average volume of 228,208. The business has a fifty day simple moving average of $584.88 and a 200-day simple moving average of $526.68. The firm has a market capitalization of $25.85 billion, a price-to-earnings ratio of 125.18, a PEG ratio of 5.42 and a beta of 0.78. Tyler Technologies has a 1 year low of $361.16 and a 1 year high of $631.43. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.19.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, beating the consensus estimate of $2.43 by $0.09. The business had revenue of $543.34 million for the quarter, compared to the consensus estimate of $547.34 million. Tyler Technologies had a return on equity of 9.66% and a net margin of 10.24%. The company’s revenue was up 9.8% on a year-over-year basis. During the same period last year, the business posted $1.66 EPS. Equities analysts forecast that Tyler Technologies will post 7.21 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Brian K. Miller sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $567.96, for a total transaction of $1,135,920.00. Following the sale, the chief financial officer now owns 11,950 shares in the company, valued at $6,787,122. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Brian K. Miller sold 2,000 shares of Tyler Technologies stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $567.96, for a total transaction of $1,135,920.00. Following the transaction, the chief financial officer now owns 11,950 shares in the company, valued at approximately $6,787,122. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel M. Pope sold 275 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $578.26, for a total value of $159,021.50. Following the completion of the sale, the director now directly owns 3,218 shares of the company’s stock, valued at approximately $1,860,840.68. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,375 shares of company stock worth $17,049,739 over the last ninety days. 2.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Tyler Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Waldron Private Wealth LLC grew its holdings in shares of Tyler Technologies by 3.5% during the 2nd quarter. Waldron Private Wealth LLC now owns 716 shares of the technology company’s stock valued at $360,000 after acquiring an additional 24 shares in the last quarter. Industrial Alliance Investment Management Inc. grew its stake in Tyler Technologies by 4.4% in the first 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 in the last quarter. George Kaiser Family Foundation increased its position 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 during the last quarter. UMB Bank n.a. raised its stake in shares of Tyler Technologies by 2.4% during the 3rd quarter. UMB Bank n.a. now owns 1,354 shares of the technology company’s stock worth $790,000 after purchasing an additional 32 shares in the last quarter. Finally, Torray Investment Partners LLC lifted its holdings in shares of Tyler Technologies by 0.3% during the 2nd quarter. Torray Investment Partners LLC now owns 11,010 shares of the technology company’s stock valued at $5,536,000 after buying an additional 33 shares during the last quarter. Hedge funds and other institutional investors 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.