Tyler Technologies, Inc. (NYSE:TYL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Tyler Technologies, Inc. (NYSE:TYL) has been given an average recommendation of “Moderate Buy” by the thirteen research firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $676.25.

Several equities research analysts have recently weighed in on the company. StockNews.com raised Tyler Technologies from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Oppenheimer increased their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Wells Fargo & Company reissued an “equal weight” rating and set a $615.00 target price (down from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. Robert W. Baird raised their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, Truist Financial reiterated a “buy” rating and issued a $775.00 price objective (up previously from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 12,000 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the sale, the insider now directly owns 6,983 shares of the company’s stock, valued at approximately $4,285,187.78. This represents a 63.21 % 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 Tyler Technologies stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $632.01, for a total transaction of $1,580,025.00. Following the completion of the transaction, the chief financial officer now directly owns 12,198 shares of the company’s stock, 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 have sold 30,502 shares of company stock worth $18,941,368 over the last quarter. 1.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Tyler Technologies

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Tyler Technologies by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 5,310,401 shares of the technology company’s stock valued at $3,062,190,000 after purchasing an additional 62,420 shares during the period. Geode Capital Management LLC increased its position in Tyler Technologies by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 1,136,734 shares of the technology company’s stock valued at $654,406,000 after acquiring an additional 27,826 shares during the period. Franklin Resources Inc. raised its stake in Tyler Technologies by 7.9% during the 4th quarter. Franklin Resources Inc. now owns 984,615 shares of the technology company’s stock valued at $567,768,000 after acquiring an additional 71,869 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Tyler Technologies by 3.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 939,373 shares of the technology company’s stock valued at $541,680,000 after purchasing an additional 35,198 shares in the last quarter. Finally, Norges Bank bought a new stake in Tyler Technologies during the fourth quarter worth approximately $528,465,000. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Trading Up 0.6 %

NYSE TYL opened at $644.14 on Thursday. The firm 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 debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. Tyler Technologies has a one year low of $397.80 and a one year high of $661.31. The company’s 50 day moving average price is $597.46 and its 200 day moving average price is $595.78.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, February 12th. The technology company reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. On average, sell-side analysts predict that Tyler Technologies will post 8.54 EPS for the current year.

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.