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

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

A number of other equities analysts also recently issued reports on the stock. Robert W. Baird increased 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. Barclays increased their target price on Tyler Technologies from $705.00 to $715.00 and gave the company an "overweight" rating in a research report on Friday. Wells Fargo & Company reissued an "equal weight" rating and issued a $615.00 price target (down from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. Needham & Company LLC reaffirmed a "buy" rating and set a $700.00 price objective on shares of Tyler Technologies in a research report on Tuesday, January 21st. Finally, JMP Securities lifted their target price 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. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Tyler Technologies has a consensus rating of "Moderate Buy" and an average price target of $676.25.

Tyler Technologies Stock Down 0.2 %

Shares of TYL stock traded down $1.57 during mid-day trading on Friday, hitting $640.13. The stock had a trading volume of 355,684 shares, compared to its average volume of 247,270. Tyler Technologies has a 12-month low of $397.80 and a 12-month high of $661.31. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21. The firm's 50-day moving average is $596.62 and its two-hundred day moving average is $594.99. The firm has a market capitalization of $27.40 billion, a P/E ratio of 116.81, a price-to-earnings-growth ratio of 4.78 and a beta of 0.78.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. On average, analysts predict that Tyler Technologies will post 7.36 earnings per share for the current fiscal year.

Insider Activity at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 12,000 shares of the company's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $613.66, for a total value of $7,363,920.00. Following the transaction, the insider now directly owns 6,983 shares of the company's stock, valued at $4,285,187.78. This represents a 63.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO H Lynn Moore, Jr. sold 3,250 shares of Tyler Technologies stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $631.41, for a total value of $2,052,082.50. Following the sale, the chief executive officer now directly owns 75,000 shares of the company's stock, valued at approximately $47,355,750. This represents a 4.15 % 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 three months. 2.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Larson Financial Group LLC boosted 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 buying an additional 31 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in Tyler Technologies during the 3rd quarter valued at approximately $27,000. Sierra Ocean LLC purchased a new stake in shares of Tyler Technologies in the 4th quarter valued at $32,000. Brown Brothers Harriman & Co. increased its stake in shares of Tyler Technologies by 300.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock worth $32,000 after acquiring an additional 42 shares during the period. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of Tyler Technologies during the fourth quarter worth $40,000. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

About Tyler Technologies

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.