Tyler Technologies, Inc. (NYSE:TYL) Given Average Rating of “Moderate Buy” by Analysts

Shares of Tyler Technologies, Inc. (NYSE:TYL) have received a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $527.27.

Several research analysts recently issued reports on the company. Truist Financial restated a “buy” rating and set a $560.00 price objective (up from $510.00) on shares of Tyler Technologies in a research report on Thursday, May 23rd. Robert W. Baird boosted their price target on Tyler Technologies from $500.00 to $525.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Loop Capital increased their price objective on Tyler Technologies from $485.00 to $530.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Needham & Company LLC lifted their price objective on Tyler Technologies from $500.00 to $600.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Finally, Barclays upped their target price on shares of Tyler Technologies from $473.00 to $515.00 and gave the company an “equal weight” rating in a report on Thursday.

Tyler Technologies Price Performance

TYL stock opened at $523.08 on Wednesday. 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 firm has a market capitalization of $22.21 billion, a P/E ratio of 118.34, a P/E/G ratio of 4.91 and a beta of 0.76. The business’s 50-day moving average is $489.03 and its two-hundred day moving average is $448.64. Tyler Technologies has a 1 year low of $361.16 and a 1 year high of $525.56.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, April 24th. The technology company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.26. The business had revenue of $512.36 million during the quarter, compared to the consensus estimate of $507.79 million. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. Analysts anticipate that Tyler Technologies will post 7.1 earnings per share for the current fiscal year.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, 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 value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, 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 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 legal filing with the SEC, which is available at this link. Also, Director Brenda A. Cline sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $458.83, for a total value of $2,294,150.00. Following the completion of the sale, the director now owns 1,358 shares of the company’s stock, valued at $623,091.14. The disclosure for this sale can be found here. Insiders have sold 26,241 shares of company stock worth $12,495,890 in the last ninety days. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Tyler Technologies

A number of large investors have recently modified their holdings of TYL. Kapitalo Investimentos Ltda acquired a new position in Tyler Technologies in the 4th quarter valued at approximately $26,000. Covestor Ltd grew its stake in shares of Tyler Technologies by 153.6% in 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 last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Tyler Technologies in the fourth quarter valued at $31,000. Lynx Investment Advisory bought a new position in Tyler Technologies during the 2nd quarter worth $38,000. Finally, Headlands Technologies LLC bought a new position in Tyler Technologies during the 4th quarter worth $40,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

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.