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

Shares of Tyler Technologies, Inc. (NYSE:TYL) have received a consensus rating of “Moderate Buy” from the fourteen brokerages that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $642.62.

TYL has been the topic of several research analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $627.00 price target on shares of Tyler Technologies in a report on Friday, September 13th. Oppenheimer upped their target price on 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 boosted their price objective on Tyler Technologies from $600.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. StockNews.com downgraded shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Finally, Robert W. Baird increased their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, October 25th.

Tyler Technologies Price Performance

Shares of NYSE TYL opened at $576.64 on Wednesday. The stock has a fifty day moving average of $609.80 and a 200-day moving average of $576.61. The stock has a market cap of $24.68 billion, a PE ratio of 105.23, a price-to-earnings-growth ratio of 5.54 and a beta of 0.76. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. Tyler Technologies has a fifty-two week low of $397.80 and a fifty-two week high of $638.56.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.09. The firm had revenue of $543.34 million for the quarter, compared to the consensus estimate of $547.34 million. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.66 earnings per share. Equities research analysts anticipate that Tyler Technologies will post 7.36 earnings per share for the current year.

Insider Buying and Selling at Tyler Technologies

In related news, CFO Brian K. Miller sold 2,500 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $624.41, for a total transaction of $1,561,025.00. Following the completion of the sale, the chief financial officer now directly owns 11,950 shares in the company, valued at $7,461,699.50. This represents a 17.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $605.82, for a total transaction of $3,786,375.00. Following the completion of the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $45,436,500. This trade represents a 7.69 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,252 shares of company stock worth $26,096,928. 2.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. APG Asset Management N.V. raised its stake in Tyler Technologies by 1.4% in the second quarter. APG Asset Management N.V. now owns 1,507,062 shares of the technology company’s stock worth $706,994,000 after buying an additional 20,842 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Tyler Technologies by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,108,908 shares of the technology company’s stock worth $645,585,000 after acquiring an additional 24,284 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Tyler Technologies by 2.0% in the 3rd quarter. Franklin Resources Inc. now owns 912,746 shares of the technology company’s stock valued at $547,354,000 after purchasing an additional 17,943 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Tyler Technologies by 4.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 904,175 shares of the technology company’s stock valued at $527,785,000 after purchasing an additional 36,066 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Tyler Technologies by 148.2% in the third quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company’s stock worth $269,369,000 after purchasing an additional 275,511 shares during the period. 93.30% of the stock is currently owned by institutional investors.

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.