Tyler Technologies (NYSE:TYL) Upgraded to "Buy" at StockNews.com

StockNews.com upgraded shares of Tyler Technologies (NYSE:TYL - Free Report) from a hold rating to a buy rating in a research report report published on Thursday.

TYL has been the topic of several other research reports. The Goldman Sachs Group increased their price target on Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Barclays boosted their price target on shares of Tyler Technologies from $705.00 to $715.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $615.00 price objective (down from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. Needham & Company LLC restated a "buy" rating and issued a $700.00 target price on shares of Tyler Technologies in a report on Tuesday, January 21st. Finally, DA Davidson reiterated a "neutral" rating and set a $575.00 price target on shares of Tyler Technologies in a research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $676.25.

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Tyler Technologies Trading Down 0.6 %

TYL traded down $3.23 during trading on Thursday, hitting $535.01. The company's stock had a trading volume of 430,203 shares, compared to its average volume of 267,048. The firm has a market capitalization of $23.06 billion, a P/E ratio of 88.29, a PEG ratio of 4.93 and a beta of 0.84. Tyler Technologies has a twelve month low of $397.80 and a twelve month high of $661.31. The stock's fifty day moving average price is $598.37 and its 200-day moving average price is $597.34. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share (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%. Analysts anticipate that Tyler Technologies will post 8.52 EPS for the current year.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,514 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total value of $4,022,981.26. Following the sale, the chief executive officer now directly owns 75,734 shares in the company, valued at $46,772,561.06. This represents a 7.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brian K. Miller sold 1,550 shares of Tyler Technologies stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $613.58, for a total value of $951,049.00. Following the sale, the chief financial officer now directly owns 14,026 shares of the company's stock, valued at $8,606,073.08. This represents a 9.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,064 shares of company stock valued at $8,688,030 over the last three months. 2.20% of the stock is currently owned by insiders.

Institutional Trading of Tyler Technologies

Several hedge funds have recently added to or reduced their stakes in TYL. FMR LLC increased its stake in Tyler Technologies by 94.1% in the 3rd quarter. FMR LLC now owns 109,319 shares of the technology company's stock worth $63,812,000 after purchasing an additional 52,984 shares during the period. Public Sector Pension Investment Board boosted its position in Tyler Technologies by 18.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 1,932 shares of the technology company's stock valued at $1,128,000 after buying an additional 300 shares during the period. Benjamin Edwards Inc. grew its holdings in Tyler Technologies by 271.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 1,504 shares of the technology company's stock worth $878,000 after acquiring an additional 1,099 shares during the last quarter. Centiva Capital LP bought a new position in shares of Tyler Technologies during the third quarter valued at about $887,000. Finally, Hilltop Holdings Inc. bought a new position in Tyler Technologies during the 3rd quarter valued at approximately $646,000. 93.30% of the stock is 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.