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

Shares of Tyler Technologies, Inc. (NYSE:TYL - Get Free Report) have received an average rating of "Moderate Buy" from the thirteen research firms that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $676.25.

TYL has been the subject of several recent research reports. JMP Securities upped their price objective on 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 lifted their price target on shares of Tyler Technologies from $705.00 to $715.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Needham & Company LLC reiterated a "buy" rating and issued a $700.00 price target on shares of Tyler Technologies in a research report on Tuesday, January 21st. StockNews.com upgraded Tyler Technologies from a "hold" rating to a "buy" rating in a research report on Friday, February 14th. Finally, Piper Sandler lifted their price objective on shares of Tyler Technologies from $701.00 to $747.00 and gave the company an "overweight" rating in a research note on Friday, February 14th.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 2,500 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $632.01, for a total transaction of $1,580,025.00. Following the transaction, the chief financial officer now directly owns 12,198 shares in the company, valued at $7,709,257.98. This trade represents a 17.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John S. Marr, Jr. sold 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $633.55, for a total transaction of $3,801,300.00. Following the completion of the transaction, the insider now owns 6,983 shares in the company, valued at $4,424,079.65. This represents a 46.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,502 shares of company stock valued at $18,941,368 in the last quarter. 2.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Tyler Technologies

Large investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its position in shares of Tyler Technologies by 432.9% in the 3rd quarter. Blue Trust Inc. now owns 389 shares of the technology company's stock worth $227,000 after purchasing an additional 316 shares during the last quarter. Signaturefd LLC raised its position in Tyler Technologies by 19.7% in the 3rd quarter. Signaturefd LLC now owns 627 shares of the technology company's stock worth $366,000 after buying an additional 103 shares during the last quarter. Greenleaf Trust purchased a new position in Tyler Technologies in the 3rd quarter worth about $249,000. Axecap Investments LLC purchased a new position in Tyler Technologies in the 3rd quarter worth about $1,943,000. Finally, International Assets Investment Management LLC raised its position in Tyler Technologies by 252,047.5% in the 3rd quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company's stock worth $179,564,000 after buying an additional 307,498 shares during the last quarter. Institutional investors own 93.30% of the company's stock.

Tyler Technologies Price Performance

TYL traded down $16.56 on Thursday, hitting $628.12. 249,171 shares of the stock were exchanged, compared to its average volume of 245,045. Tyler Technologies has a 12 month low of $397.80 and a 12 month high of $661.31. The business has a 50-day moving average of $597.46 and a two-hundred day moving average of $595.78. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. The firm has a market capitalization of $26.88 billion, a price-to-earnings ratio of 103.65, a PEG ratio of 5.01 and a beta of 0.78.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share (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%. Sell-side analysts forecast that Tyler Technologies will post 8.52 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.