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

Shares of Tyler Technologies, Inc. (NYSE:TYL) have received an average rating of “Moderate Buy” from the thirteen ratings firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $676.25.

A number of research analysts have recently issued reports on TYL shares. Oppenheimer boosted their price target 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. Needham & Company LLC reissued a “buy” rating and set a $700.00 target price on shares of Tyler Technologies in a research note on Tuesday, January 21st. JMP Securities lifted their price target on Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a research note on Friday, October 25th. The Goldman Sachs Group increased their price objective on Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Barclays boosted their target price on shares of Tyler Technologies from $705.00 to $715.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th.

Tyler Technologies Stock Up 0.6 %

Tyler Technologies stock opened at $644.14 on Thursday. The stock has a 50 day moving average of $597.46 and a two-hundred day moving average of $595.78. Tyler Technologies has a twelve month low of $397.80 and a twelve month high of $661.31. The stock has a market capitalization of $27.57 billion, a price-to-earnings ratio of 106.29, a PEG ratio of 5.01 and a beta of 0.78. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. As a group, research analysts expect that Tyler Technologies will post 8.54 earnings per share for the current year.

Insider Transactions at Tyler Technologies

In other news, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $633.55, for a total value of $3,801,300.00. Following the completion of the sale, the insider now owns 6,983 shares of the company’s stock, valued at $4,424,079.65. The trade was a 46.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian K. Miller sold 2,500 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $632.01, for a total value of $1,580,025.00. Following the transaction, the chief financial officer now owns 12,198 shares in the company, valued at $7,709,257.98. This trade represents a 17.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,502 shares of company stock worth $18,941,368 over the last ninety days. 1.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Tyler Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TYL. Larson Financial Group LLC grew its holdings in Tyler Technologies by 221.4% in the fourth quarter. Larson Financial Group LLC now owns 45 shares of the technology company’s stock valued at $26,000 after purchasing an additional 31 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of Tyler Technologies in the 3rd quarter valued at $27,000. Sierra Ocean LLC purchased a new stake in shares of Tyler Technologies during the 4th quarter valued at $32,000. Brown Brothers Harriman & Co. grew its stake in shares of Tyler Technologies by 300.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company’s stock valued at $32,000 after buying an additional 42 shares during the period. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Tyler Technologies during the 4th quarter worth $40,000. Hedge funds and other 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.