Tyler Technologies, Inc. (NYSE:TYL) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Tyler Technologies, Inc. (NYSE:TYL) have been assigned an average rating of “Moderate Buy” from the fourteen research firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $642.62.

A number of analysts recently issued reports on the company. Oppenheimer lifted their target price on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Truist Financial restated a “buy” rating and set a $685.00 price objective (up previously from $600.00) on shares of Tyler Technologies in a report on Friday, October 25th. BTIG Research boosted their price objective on Tyler Technologies from $550.00 to $630.00 and gave the stock a “buy” rating in a report on Friday, July 26th. DA Davidson boosted their price target on Tyler Technologies from $525.00 to $550.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, StockNews.com upgraded Tyler Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday.

Tyler Technologies Stock Down 1.6 %

NYSE:TYL opened at $613.08 on Tuesday. Tyler Technologies has a 12-month low of $397.80 and a 12-month 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 firm has a market capitalization of $26.24 billion, a P/E ratio of 111.88, a P/E/G ratio of 5.62 and a beta of 0.77. The stock’s fifty day simple moving average is $591.43 and its 200-day simple moving average is $543.44.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data 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 the consensus estimate of $547.34 million. During the same quarter last year, the business posted $1.66 EPS. The firm’s revenue was up 9.8% compared to the same quarter last year. Equities research analysts expect that Tyler Technologies will post 7.39 earnings per share for the current year.

Insider Transactions at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $578.94, for a total value of $2,894,700.00. Following the sale, the insider now owns 6,983 shares of the company’s stock, valued at $4,042,738.02. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Tyler Technologies news, CFO Brian K. Miller sold 2,500 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $586.97, for a total transaction of $1,467,425.00. Following the sale, the chief financial officer now owns 11,950 shares of the company’s stock, valued at approximately $7,014,291.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John S. Marr, Jr. sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were 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. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,100 shares of company stock worth $17,746,270. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of Tyler Technologies

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Tyler Technologies by 1.1% during the first quarter. Vanguard Group Inc. now owns 5,022,053 shares of the technology company’s stock valued at $2,134,423,000 after acquiring an additional 53,005 shares during the last quarter. APG Asset Management N.V. boosted its position in Tyler Technologies by 1.4% during 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 acquiring an additional 20,842 shares during the last quarter. Janus Henderson Group PLC boosted its position 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 purchasing an additional 70,801 shares in the last quarter. Swedbank AB bought a new position in shares of Tyler Technologies during the 2nd quarter worth about $251,390,000. Finally, Blair William & Co. IL boosted its position 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 purchasing an additional 2,134 shares in the last quarter. Institutional investors 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.