Tyler Technologies (NYSE:TYL – Free Report) had its price objective boosted by Wells Fargo & Company from $580.00 to $600.00 in a research note released on Friday, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the technology company’s stock.
A number of other brokerages also recently issued reports on TYL. Robert W. Baird boosted their price target on Tyler Technologies from $500.00 to $525.00 and gave the company an outperform rating in a report on Friday, April 26th. Loop Capital boosted their target price on Tyler Technologies from $485.00 to $530.00 and gave the company a buy rating in a research note on Tuesday, May 21st. JMP Securities raised their price target on Tyler Technologies from $490.00 to $580.00 and gave the stock a market outperform rating in a research note on Monday, July 22nd. Piper Sandler lifted their price target on shares of Tyler Technologies from $529.00 to $625.00 and gave the company an overweight rating in a report on Friday. Finally, BTIG Research upped their price objective on shares of Tyler Technologies from $515.00 to $550.00 and gave the stock a buy rating in a report on Wednesday, May 22nd. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $582.31.
Get Our Latest Research Report on TYL
Tyler Technologies Stock Performance
Tyler Technologies (NYSE:TYL – Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.06. The business had revenue of $540.98 million during the quarter, compared to analysts’ expectations of $541.01 million. Tyler Technologies had a net margin of 10.24% and a return on equity of 9.66%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.53 EPS. Equities research analysts predict that Tyler Technologies will post 6.5 earnings per share for the current year.
Insider Activity
In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $483.21, for a total value of $2,899,260.00. Following the completion of the sale, the insider now owns 6,983 shares of the company’s stock, valued at approximately $3,374,255.43. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Brian K. Miller sold 800 shares of the stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $479.28, for a total value of $383,424.00. Following the transaction, the chief financial officer now owns 12,736 shares in the company, valued at approximately $6,104,110.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $483.21, for a total transaction of $2,899,260.00. Following the completion of the transaction, the insider now owns 6,983 shares in the company, valued at $3,374,255.43. The disclosure for this sale can be found here. Insiders have sold a total of 21,241 shares of company stock worth $10,201,740 over the last 90 days. 2.20% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in Tyler Technologies in the 4th quarter worth approximately $459,691,000. Swedbank AB bought a new position in shares of Tyler Technologies during the second quarter worth $251,390,000. APG Asset Management US Inc. bought a new position in shares of Tyler Technologies during the fourth quarter worth $57,493,000. Van ECK Associates Corp grew its stake in Tyler Technologies by 13.1% during the fourth quarter. Van ECK Associates Corp now owns 868,016 shares of the technology company’s stock valued at $362,935,000 after acquiring an additional 100,788 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in Tyler Technologies by 15.3% in the 1st quarter. Janus Henderson Group PLC now owns 532,935 shares of the technology company’s stock valued at $226,501,000 after acquiring an additional 70,801 shares during the last quarter. Institutional investors own 93.30% of the company’s stock.
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.
Read More
- Five stocks we like better than Tyler Technologies
- What is an Earnings Surprise?
- Survey: Top 175 Fittest Retirement Locations in America
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- Kimberly-Clark Stock Dips and a Buying Opportunity Emerges
- Transportation Stocks Investing
- Leading Gold Stock Shines With Q2 2024 Earnings Release
Receive News & Ratings for Tyler Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyler Technologies and related companies with MarketBeat.com's FREE daily email newsletter.