Tyler Technologies (NYSE:TYL) Raised to “Buy” at StockNews.com

Tyler Technologies (NYSE:TYL) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Other equities analysts also recently issued reports about the stock. JMP Securities upped their price objective on shares of Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a research note on Friday, October 25th. Barclays increased their price objective on Tyler Technologies from $705.00 to $715.00 and gave the stock an “overweight” rating in a report on Friday. Robert W. Baird boosted their target price on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Piper Sandler raised their price target on Tyler Technologies from $701.00 to $747.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $615.00 price objective (down from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Tyler Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $667.83.

Tyler Technologies Trading Down 0.7 %

NYSE TYL opened at $642.39 on Friday. The stock has a 50-day moving average of $596.21 and a 200-day moving average of $594.29. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. Tyler Technologies has a 1-year low of $397.80 and a 1-year high of $661.31. The firm has a market cap of $27.49 billion, a PE ratio of 117.22, a price-to-earnings-growth ratio of 4.78 and a beta of 0.78.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. As a group, sell-side analysts forecast that Tyler Technologies will post 7.36 EPS for the current year.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 2,500 shares of the business’s stock in a transaction on 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 sale, the chief financial officer now directly owns 12,198 shares of the company’s stock, valued at approximately $7,709,257.98. The trade was a 17.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John S. Marr, Jr. sold 6,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $633.55, for a total value of $3,801,300.00. Following the transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 30,502 shares of company stock valued at $18,941,368 in the last ninety days. 2.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Tyler Technologies

A number of institutional investors have recently made changes to their positions in TYL. Larson Financial Group LLC boosted its stake in Tyler Technologies by 221.4% during the 4th 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 last quarter. Ashton Thomas Securities LLC bought a new position in shares of Tyler Technologies during the third quarter valued at $27,000. Sierra Ocean LLC purchased a new stake in shares of Tyler Technologies during the fourth quarter valued at $32,000. Brown Brothers Harriman & Co. increased its holdings in Tyler Technologies by 300.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company’s stock worth $32,000 after buying an additional 42 shares in the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new position in Tyler Technologies in the 4th quarter worth about $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.