Brokerages Set Tyler Technologies, Inc. (NYSE:TYL) Target Price at $642.62

Shares of Tyler Technologies, Inc. (NYSE:TYL - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the fourteen ratings firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $642.62.

Several equities analysts have recently weighed in on TYL shares. Barclays increased their price objective on shares of Tyler Technologies from $700.00 to $705.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. The Goldman Sachs Group restated a "buy" rating and set a $627.00 price objective on shares of Tyler Technologies in a research report on Friday, September 13th. Robert W. Baird boosted their price objective on Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Needham & Company LLC increased their target price on Tyler Technologies from $600.00 to $700.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Finally, DA Davidson lifted their price target on Tyler Technologies from $525.00 to $550.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th.

Insider Activity

In related news, insider John S. Marr, Jr. sold 6,000 shares of the business's stock in a transaction dated 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 directly owns 6,983 shares of the company's stock, valued at approximately $4,424,079.65. The trade was a 46.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brian K. Miller sold 3,000 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $602.72, for a total transaction of $1,808,160.00. Following the sale, the chief financial officer now owns 11,950 shares of the company's stock, valued at $7,202,504. This trade represents a 20.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,252 shares of company stock valued at $26,096,928 over the last three months. Corporate insiders own 2.20% of the company's stock.

Hedge Funds Weigh In On Tyler Technologies

Institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in Tyler Technologies in the 2nd quarter valued at about $61,000. Farther Finance Advisors LLC lifted its stake in shares of Tyler Technologies by 1,575.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 972 shares of the technology company's stock valued at $486,000 after buying an additional 914 shares in the last quarter. Natixis Advisors LLC boosted its holdings in Tyler Technologies by 6.2% in the 2nd quarter. Natixis Advisors LLC now owns 35,177 shares of the technology company's stock worth $17,687,000 after buying an additional 2,060 shares during the period. Versor Investments LP bought a new position in Tyler Technologies in the 2nd quarter worth approximately $402,000. Finally, Rhumbline Advisers grew its stake in Tyler Technologies by 5.1% in the 2nd quarter. Rhumbline Advisers now owns 95,487 shares of the technology company's stock valued at $48,009,000 after buying an additional 4,653 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company's stock.

Tyler Technologies Stock Down 0.4 %

Shares of Tyler Technologies stock traded down $2.40 during trading on Wednesday, reaching $576.64. The stock had a trading volume of 140,425 shares, compared to its average volume of 234,590. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $24.68 billion, a price-to-earnings ratio of 105.23, a P/E/G ratio of 5.54 and a beta of 0.76. The stock has a fifty day moving average price of $609.69 and a two-hundred day moving average price of $576.61. Tyler Technologies has a 52 week low of $397.80 and a 52 week high of $638.56.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, topping analysts' consensus estimates of $2.43 by $0.09. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The company had revenue of $543.34 million during the quarter, compared to the consensus estimate of $547.34 million. During the same period in the prior year, the business posted $1.66 EPS. The company's quarterly revenue was up 9.8% on a year-over-year basis. Sell-side analysts predict that Tyler Technologies will post 7.36 EPS for the current fiscal year.

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.