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

Tyler Technologies, Inc. (NYSE:TYL - Get Free Report) has earned a consensus rating of "Moderate Buy" from the fourteen analysts that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $642.62.

Several equities research analysts recently commented on TYL shares. Piper Sandler lifted their price target on shares of Tyler Technologies from $625.00 to $701.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. JMP Securities lifted 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. Robert W. Baird lifted their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. StockNews.com upgraded shares of Tyler Technologies from a "hold" rating to a "buy" rating in a research note on Tuesday. Finally, Barclays lifted their price objective on shares of Tyler Technologies from $700.00 to $705.00 and gave the company an "overweight" rating in a research note on Friday, October 25th.

Insider Buying and Selling

In other news, insider John S. Marr, Jr. sold 5,000 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $578.94, for a total value of $2,894,700.00. Following the completion of the sale, the insider now owns 6,983 shares of the company's stock, valued at $4,042,738.02. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Tyler Technologies news, insider John S. Marr, Jr. sold 5,000 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $578.94, for a total transaction of $2,894,700.00. Following the transaction, the insider now directly owns 6,983 shares in the company, valued at $4,042,738.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Glenn A. Carter sold 3,350 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $582.57, for a total transaction of $1,951,609.50. Following the transaction, the director now owns 2,654 shares in the company, valued at $1,546,140.78. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,100 shares of company stock valued at $17,746,270. Insiders own 2.20% of the company's stock.

Institutional Trading of Tyler Technologies

A number of large investors have recently modified their holdings of the company. Independence Bank of Kentucky acquired a new position in Tyler Technologies during the 2nd quarter valued at about $25,000. Ashton Thomas Securities LLC acquired a new stake in shares of Tyler Technologies during the third quarter worth approximately $27,000. Covestor Ltd boosted its holdings in shares of Tyler Technologies by 153.6% during the first quarter. Covestor Ltd now owns 71 shares of the technology company's stock worth $30,000 after purchasing an additional 43 shares during the period. Blue Trust Inc. raised its position in Tyler Technologies by 329.4% during the second quarter. Blue Trust Inc. now owns 73 shares of the technology company's stock valued at $37,000 after acquiring an additional 56 shares in the last quarter. Finally, Lynx Investment Advisory bought a new position in Tyler Technologies during the second quarter valued at approximately $38,000. Institutional investors and hedge funds own 93.30% of the company's stock.

Tyler Technologies Price Performance

TYL stock traded up $4.90 during mid-day trading on Tuesday, reaching $618.13. The company's stock had a trading volume of 124,494 shares, compared to its average volume of 229,143. The company's 50 day moving average is $591.43 and its two-hundred day moving average is $543.44. The stock has a market cap of $26.46 billion, a PE ratio of 111.88, a P/E/G ratio of 5.62 and a beta of 0.77. 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 fifty-two week low of $397.80 and a fifty-two week high of $631.43.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 earnings per share for the quarter, topping analysts' consensus estimates of $2.43 by $0.09. The firm had revenue of $543.34 million during the quarter, compared to analysts' expectations of $547.34 million. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The firm's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the company posted $1.66 EPS. Equities research analysts expect that Tyler Technologies will post 7.39 EPS for the current 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.