Tyler Technologies, Inc. (TYL) Earns Buy Rating from KeyCorp

KeyCorp restated their buy rating on shares of Tyler Technologies, Inc. (NYSE:TYL) in a report published on Friday, October 6th. They currently have a $180.00 target price on the technology company’s stock.

TYL has been the subject of a number of other research reports. Piper Jaffray Companies restated a buy rating and issued a $200.00 price target on shares of Tyler Technologies in a report on Sunday, August 27th. Zacks Investment Research upgraded Tyler Technologies from a sell rating to a hold rating in a research note on Saturday, August 19th. Citigroup Inc. initiated coverage on Tyler Technologies in a research note on Friday, September 22nd. They set a buy rating and a $200.00 target price for the company. Maxim Group set a $197.00 target price on Tyler Technologies and gave the company a buy rating in a research note on Monday, July 17th. Finally, Northland Securities reiterated a buy rating and set a $200.00 target price on shares of Tyler Technologies in a research note on Thursday, September 21st. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $192.29.

Tyler Technologies (NYSE TYL) opened at 179.51 on Friday. The company’s 50 day moving average is $172.69 and its 200 day moving average is $169.37. Tyler Technologies has a 1-year low of $139.61 and a 1-year high of $182.49. The company has a market cap of $6.70 billion, a price-to-earnings ratio of 53.78 and a beta of 0.93.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.91 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.03). The company had revenue of $209.12 million during the quarter, compared to analysts’ expectations of $210.67 million. Tyler Technologies had a return on equity of 13.02% and a net margin of 14.73%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.86 EPS. Equities research analysts forecast that Tyler Technologies will post $3.86 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This piece was first published by BBNS and is owned by of BBNS. If you are accessing this piece on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be read at https://baseballnewssource.com/markets/keycorp-reiterates-buy-rating-for-tyler-technologies-inc-tyl/1693436.html.

In other news, Director Larry D. Leinweber sold 36,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $171.82, for a total transaction of $6,185,520.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Brian K. Miller sold 9,760 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $169.01, for a total value of $1,649,537.60. Following the transaction, the vice president now directly owns 53,194 shares of the company’s stock, valued at approximately $8,990,317.94. The disclosure for this sale can be found here. Insiders have sold 243,357 shares of company stock worth $41,622,109 over the last three months. Corporate insiders own 10.30% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Tyler Technologies by 5.7% in the 2nd quarter. Vanguard Group Inc. now owns 2,804,393 shares of the technology company’s stock valued at $492,648,000 after purchasing an additional 150,879 shares during the period. BlackRock Inc. boosted its position in shares of Tyler Technologies by 2.0% in the 2nd quarter. BlackRock Inc. now owns 2,793,116 shares of the technology company’s stock valued at $490,668,000 after purchasing an additional 55,453 shares during the period. Janus Henderson Group PLC boosted its position in shares of Tyler Technologies by 327.0% in the 2nd quarter. Janus Henderson Group PLC now owns 1,865,432 shares of the technology company’s stock valued at $327,700,000 after purchasing an additional 1,428,513 shares during the period. Janus Capital Management LLC boosted its position in shares of Tyler Technologies by 11.8% in the 1st quarter. Janus Capital Management LLC now owns 1,509,335 shares of the technology company’s stock valued at $233,283,000 after purchasing an additional 159,345 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Tyler Technologies by 40.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,027,797 shares of the technology company’s stock valued at $180,554,000 after purchasing an additional 294,817 shares during the period. Institutional investors and hedge funds own 90.49% of the company’s stock.

Tyler Technologies Company Profile

Tyler Technologies, Inc is a provider of information management solutions and services for the public sector, with a focus on local governments. The Company operates through two segments: Enterprise Software (ES) segment and The Appraisal and Tax (A&T) segment. ES segment provides municipal and county governments and schools with software systems and services for information technology and automation needs that includes back-office functions, such as financial management, courts and justice processes, public safety, planning regulatory and maintenance, and land and vital records management.

Analyst Recommendations for Tyler Technologies (NYSE:TYL)

Receive News & Ratings for Tyler Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyler Technologies Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Houston Astros Relying on Justin Verlander to Save Their Season
Houston Astros Relying on Justin Verlander to Save Their Season
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Aaron Judge and Gary Sanchez Have Break Out Games
Aaron Judge and Gary Sanchez Have Break Out Games
Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends
PED Use Cost Alex Rodriguez Millions and His Reputation
PED Use Cost Alex Rodriguez Millions and His Reputation
Yankees to Send Masahiro Tanaka Against Astros in Game 1
Yankees to Send Masahiro Tanaka Against Astros in Game 1


Leave a Reply

 
© 2006-2017 BBNS.