Tyler Technologies, Inc. (NYSE:TYL) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Tyler Technologies, Inc. (NYSE:TYL - Get Free Report) have been given an average recommendation of "Moderate Buy" by the thirteen research firms that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $676.25.

TYL has been the subject of several analyst reports. Wells Fargo & Company restated an "equal weight" rating and set a $615.00 price target (down from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. StockNews.com lowered shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Monday, February 24th. The Goldman Sachs Group upped their price target on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. DA Davidson reaffirmed a "neutral" rating and set a $575.00 price target on shares of Tyler Technologies in a research report on Thursday, January 30th. Finally, Truist Financial reaffirmed a "buy" rating and set a $775.00 price target (up previously from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th.

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Tyler Technologies Price Performance

Shares of Tyler Technologies stock traded down $9.86 on Monday, reaching $568.19. The stock had a trading volume of 215,855 shares, compared to its average volume of 239,884. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The business's 50 day moving average is $598.88 and its two-hundred day moving average is $598.17. The company has a market cap of $24.44 billion, a P/E ratio of 93.76, a price-to-earnings-growth ratio of 4.93 and a beta of 0.80. Tyler Technologies has a 1 year low of $397.80 and a 1 year high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. As a group, research analysts anticipate that Tyler Technologies will post 8.52 EPS for the current year.

Insider Activity at Tyler Technologies

In other news, CFO Brian K. Miller sold 1,550 shares of Tyler Technologies stock in a transaction that occurred on Tuesday, March 4th. The stock was 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. The trade was a 9.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total value of $4,022,981.26. Following the transaction, the chief executive officer now directly owns 75,734 shares in the company, valued at $46,772,561.06. This trade represents a 7.92 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,064 shares of company stock worth $8,688,030. 2.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Tyler Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TYL. Larson Financial Group LLC raised its position in Tyler Technologies by 221.4% in the fourth 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 period. Sierra Ocean LLC purchased a new stake in Tyler Technologies in the fourth quarter valued at $32,000. Brown Brothers Harriman & Co. raised its position in Tyler Technologies by 300.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock valued at $32,000 after purchasing an additional 42 shares during the period. Kapitalo Investimentos Ltda purchased a new stake in shares of Tyler Technologies in the 4th quarter valued at $40,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Tyler Technologies in the 4th quarter valued at $41,000. Institutional investors and hedge funds 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.