Tyler Technologies (TYL) – Research Analysts’ Weekly Ratings Updates

Several analysts have recently updated their ratings and price targets for Tyler Technologies (NYSE: TYL):

• 4/26/2024 – Tyler Technologies had its price target raised by analysts at Robert W. Baird from $500.00 to $525.00. They now have an “outperform” rating on the stock.
• 4/26/2024 – Tyler Technologies had its price target raised by analysts at Oppenheimer Holdings Inc. from $480.00 to $500.00. They now have an “outperform” rating on the stock.
• 4/26/2024 – Tyler Technologies had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $490.00 price target on the stock.
• 4/25/2024 – Tyler Technologies had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $500.00 price target on the stock.
• 4/24/2024 – Tyler Technologies had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $520.00 price target on the stock.

Tyler Technologies Trading Down 0.7 %

Shares of TYL opened at $458.53 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.94 and a quick ratio of 0.94. The company has a 50 day simple moving average of $424.53 and a two-hundred day simple moving average of $417.07. Tyler Technologies, Inc. has a 1 year low of $361.16 and a 1 year high of $466.10. The firm has a market cap of $19.47 billion, a P/E ratio of 103.74, a price-to-earnings-growth ratio of 4.31 and a beta of 0.76.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. The business had revenue of $480.94 million for the quarter, compared to analysts’ expectations of $483.34 million. On average, equities analysts expect that Tyler Technologies, Inc. will post 7.14 earnings per share for the current fiscal year.

Insider Activity at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 6,500 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $437.49, for a total transaction of $2,843,685.00. Following the sale, the insider now owns 6,400 shares in the company, valued at approximately $2,799,936. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider John S. Marr, Jr. sold 6,500 shares of Tyler Technologies stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $437.49, for a total transaction of $2,843,685.00. Following the completion of the transaction, the insider now directly owns 6,400 shares of the company’s stock, valued at approximately $2,799,936. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Brenda A. Cline sold 5,000 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $458.83, for a total transaction of $2,294,150.00. Following the completion of the sale, the director now directly owns 1,358 shares in the company, valued at $623,091.14. The disclosure for this sale can be found here. Insiders have sold a total of 55,608 shares of company stock valued at $24,268,969 over the last 90 days. 2.20% of the stock is owned by corporate insiders.

Institutional Trading of Tyler Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. First Trust Direct Indexing L.P. lifted its holdings in Tyler Technologies by 2.7% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 1,095 shares of the technology company’s stock valued at $423,000 after buying an additional 29 shares in the last quarter. Baron Wealth Management LLC grew its stake in Tyler Technologies by 2.0% in the fourth quarter. Baron Wealth Management LLC now owns 1,463 shares of the technology company’s stock valued at $612,000 after purchasing an additional 29 shares during the last quarter. Centered Wealth LLC dba Miller Equity Capital Advisors lifted its position in shares of Tyler Technologies by 0.8% during the fourth quarter. Centered Wealth LLC dba Miller Equity Capital Advisors now owns 3,920 shares of the technology company’s stock valued at $1,639,000 after buying an additional 30 shares during the last quarter. GW&K Investment Management LLC boosted its holdings in shares of Tyler Technologies by 0.3% in the 4th quarter. GW&K Investment Management LLC now owns 12,044 shares of the technology company’s stock valued at $5,035,000 after buying an additional 31 shares in the last quarter. Finally, Avantax Advisory Services Inc. grew its position in shares of Tyler Technologies by 5.2% in the 4th quarter. Avantax Advisory Services Inc. now owns 670 shares of the technology company’s stock worth $280,000 after buying an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

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.