Tyler Technologies (NYSE:TYL – Get Rating) had its price target hoisted by investment analysts at Barclays from $370.00 to $410.00 in a report released on Friday, The Fly reports. Barclays’s price target suggests a potential upside of 2.92% from the company’s current price.
Several other equities research analysts also recently commented on the company. Truist Financial dropped their target price on Tyler Technologies from $550.00 to $500.00 and set a “buy” rating on the stock in a report on Tuesday, July 5th. Wells Fargo & Company raised Tyler Technologies from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $425.00 to $435.00 in a report on Tuesday, June 7th. Loop Capital assumed coverage on Tyler Technologies in a report on Monday, April 18th. They issued a “buy” rating and a $520.00 target price on the stock. DA Davidson raised Tyler Technologies from a “neutral” rating to a “buy” rating and set a $440.00 target price on the stock in a report on Thursday, May 26th. They noted that the move was a valuation call. Finally, JMP Securities lowered their price target on Tyler Technologies from $540.00 to $500.00 and set a “maintains” rating on the stock in a report on Friday. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $482.58.
Tyler Technologies Price Performance
Shares of TYL stock opened at $398.35 on Friday. The stock has a market cap of $16.52 billion, a price-to-earnings ratio of 102.67 and a beta of 0.83. The business’s fifty day moving average is $342.63 and its 200 day moving average is $395.71. Tyler Technologies has a twelve month low of $300.85 and a twelve month high of $557.55. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.54.
Tyler Technologies (NYSE:TYL – Get Rating) last released its earnings results on Wednesday, July 27th. The technology company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.83 by $0.05. Tyler Technologies had a return on equity of 10.62% and a net margin of 9.38%. The business had revenue of $468.70 million for the quarter, compared to the consensus estimate of $458.50 million. During the same period in the previous year, the company posted $1.42 earnings per share. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. Research analysts expect that Tyler Technologies will post 5.69 EPS for the current fiscal year.
Insider Buying and Selling at Tyler Technologies
In other Tyler Technologies news, Chairman John S. Marr, Jr. sold 6,000 shares of the stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $363.75, for a total value of $2,182,500.00. Following the transaction, the chairman now owns 57,638 shares of the company’s stock, valued at $20,965,822.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Tyler Technologies news, Chairman John S. Marr, Jr. sold 6,000 shares of the company’s stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $363.75, for a total value of $2,182,500.00. Following the completion of the sale, the chairman now owns 57,638 shares in the company, valued at $20,965,822.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Brian K. Miller sold 2,500 shares of the company’s stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $358.97, for a total value of $897,425.00. Following the completion of the sale, the chief financial officer now owns 28,594 shares of the company’s stock, valued at approximately $10,264,388.18. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Tyler Technologies
Several institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Tyler Technologies in the 4th quarter valued at approximately $189,211,000. Invesco Ltd. increased its holdings in Tyler Technologies by 101.9% during the 4th quarter. Invesco Ltd. now owns 661,404 shares of the technology company’s stock worth $355,803,000 after purchasing an additional 333,839 shares during the period. BlackRock Inc. increased its holdings in shares of Tyler Technologies by 7.5% in the 4th quarter. BlackRock Inc. now owns 4,243,121 shares of the technology company’s stock valued at $2,282,585,000 after acquiring an additional 295,863 shares during the period. RGM Capital LLC increased its holdings in shares of Tyler Technologies by 44.0% in the 1st quarter. RGM Capital LLC now owns 295,850 shares of the technology company’s stock valued at $131,621,000 after acquiring an additional 90,402 shares during the period. Finally, NN Investment Partners Holdings N.V. increased its holdings in shares of Tyler Technologies by 1,796.8% in the 1st quarter. NN Investment Partners Holdings N.V. now owns 78,355 shares of the technology company’s stock valued at $34,859,000 after acquiring an additional 74,224 shares during the period. Hedge funds and other institutional investors own 90.14% of the company’s stock.
Tyler Technologies Company Profile
Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. The company operates in three segments: Enterprise Software; Appraisal and Tax; and NIC. It offers financial management solutions, including modular fund accounting systems for government agencies or not-for-profit entities; utility billing systems for the billing and collection of metered and non-metered services; products to automate city and county functions, such as municipal courts, parking tickets, equipment and project costing, animal and business licenses, permits and inspections, code enforcement, citizen complaint tracking, ambulance billing, fleet maintenance, and cemetery records management; and student information and transportation solutions for K-12 schools.