Brokerages Set Tyler Technologies, Inc. (NYSE:TYL) PT at $467.54

Shares of Tyler Technologies, Inc. (NYSE:TYL) have received an average recommendation of “Moderate Buy” from the fifteen brokerages that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $467.5385.

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group set a $420.00 target price on shares of Tyler Technologies in a research note on Friday, February 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tyler Technologies in a research report on Friday, January 9th. DA Davidson reissued a “buy” rating and set a $460.00 target price on shares of Tyler Technologies in a research note on Tuesday, February 17th. Needham & Company LLC restated a “buy” rating and set a $750.00 target price on shares of Tyler Technologies in a research report on Tuesday, February 3rd. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $325.00 price target on shares of Tyler Technologies in a report on Friday, February 13th.

Tyler Technologies Trading Up 1.5%

Shares of TYL stock opened at $338.35 on Friday. Tyler Technologies has a 12-month low of $283.71 and a 12-month high of $621.34. The business’s fifty day simple moving average is $349.80 and its 200-day simple moving average is $433.16. The company has a market cap of $14.36 billion, a PE ratio of 46.99, a PEG ratio of 2.24 and a beta of 0.92.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, February 11th. The technology company reported $2.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.07). Tyler Technologies had a return on equity of 10.42% and a net margin of 13.53%.The company had revenue of $575.18 million during the quarter, compared to analysts’ expectations of $591.09 million. During the same period in the prior year, the business posted $2.43 EPS. The company’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities analysts forecast that Tyler Technologies will post 8.52 earnings per share for the current year.

Insider Transactions at Tyler Technologies

In related news, Director Daniel M. Pope sold 500 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $355.40, for a total transaction of $177,700.00. Following the completion of the sale, the director directly owned 2,871 shares in the company, valued at approximately $1,020,353.40. The trade was a 14.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey David Puckett sold 5,174 shares of the stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $369.93, for a total transaction of $1,914,017.82. Following the completion of the sale, the chief operating officer owned 7,754 shares of the company’s stock, valued at $2,868,437.22. This trade represents a 40.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 7,298 shares of company stock worth $2,658,721 in the last three months. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TYL. Cerity Partners LLC boosted its position in shares of Tyler Technologies by 0.6% during the second quarter. Cerity Partners LLC now owns 2,959 shares of the technology company’s stock worth $1,754,000 after buying an additional 19 shares during the period. Signaturefd LLC lifted its stake in Tyler Technologies by 3.9% during the 3rd quarter. Signaturefd LLC now owns 613 shares of the technology company’s stock worth $321,000 after acquiring an additional 23 shares in the last quarter. Coldstream Capital Management Inc. lifted its stake in Tyler Technologies by 2.0% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,167 shares of the technology company’s stock worth $611,000 after acquiring an additional 23 shares in the last quarter. Citizens Financial Group Inc. RI boosted its holdings in Tyler Technologies by 5.8% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 435 shares of the technology company’s stock valued at $228,000 after acquiring an additional 24 shares during the period. Finally, CWM LLC grew its position in Tyler Technologies by 4.0% in the 3rd quarter. CWM LLC now owns 647 shares of the technology company’s stock valued at $339,000 after acquiring an additional 25 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

About Tyler Technologies

Tyler Technologies, Inc is a provider of software and technology services for the public sector, delivering integrated systems that help government and public agencies manage operations, finances and citizen services. Headquartered in Plano, Texas, the company focuses on developing and implementing solutions for local and state governments, school districts, courts and public safety organizations. Its offerings are aimed at modernizing administrative workflows, improving transparency and enabling digital interactions between governments and the communities they serve.

Tyler’s product portfolio spans enterprise resource planning and financial management, tax and billing systems, court case and records management, public safety solutions (including computer-aided dispatch and records management), land and property management, permitting and licensing, and enterprise asset management.