Tyler Technologies, Inc. (NYSE:TYL) has been assigned a consensus rating of “Buy” from the eleven analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $271.80.
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TYL has been the subject of a number of analyst reports. DA Davidson increased their price target on Tyler Technologies from $216.00 to $238.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. They noted that the move was a valuation call. Needham & Company LLC reissued a “buy” rating on shares of Tyler Technologies in a research report on Thursday, October 31st. JMP Securities increased their price target on Tyler Technologies from $245.00 to $286.00 and gave the company a “market outperform” rating in a research report on Friday, September 27th. Oppenheimer initiated coverage on Tyler Technologies in a research note on Monday, October 7th. They issued an “outperform” rating and a $300.00 price objective for the company. Finally, Northland Securities restated a “buy” rating on shares of Tyler Technologies in a research note on Thursday, August 1st.
NYSE TYL traded up $3.57 on Thursday, reaching $277.72. The company had a trading volume of 281,992 shares, compared to its average volume of 236,255. The stock has a market capitalization of $10.69 billion, a P/E ratio of 74.26 and a beta of 0.86. The company’s fifty day moving average is $264.18 and its 200 day moving average is $239.65. Tyler Technologies has a 52-week low of $173.26 and a 52-week high of $278.89. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.01.
Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, October 30th. The technology company reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.01). The company had revenue of $275.40 million during the quarter, compared to analysts’ expectations of $281.03 million. Tyler Technologies had a net margin of 12.63% and a return on equity of 11.51%. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.23 earnings per share. On average, research analysts expect that Tyler Technologies will post 4.15 EPS for the current year.
In other Tyler Technologies news, CFO Brian K. Miller sold 6,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $256.65, for a total value of $1,539,900.00. Following the completion of the transaction, the chief financial officer now owns 53,216 shares in the company, valued at approximately $13,657,886.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian K. Miller sold 2,500 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $258.84, for a total value of $647,100.00. Following the completion of the transaction, the chief financial officer now owns 49,716 shares of the company’s stock, valued at approximately $12,868,489.44. The disclosure for this sale can be found here. Insiders sold a total of 80,003 shares of company stock valued at $20,604,301 in the last 90 days. Corporate insiders own 4.40% of the company’s stock.
Several hedge funds have recently bought and sold shares of TYL. Van ECK Associates Corp bought a new position in shares of Tyler Technologies during the 2nd quarter worth $40,000. Quadrant Capital Group LLC grew its stake in shares of Tyler Technologies by 233.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 220 shares of the technology company’s stock worth $56,000 after acquiring an additional 154 shares during the period. Tompkins Financial Corp grew its stake in shares of Tyler Technologies by 42.0% during the 2nd quarter. Tompkins Financial Corp now owns 291 shares of the technology company’s stock worth $63,000 after acquiring an additional 86 shares during the period. Cerebellum GP LLC grew its stake in shares of Tyler Technologies by 25.0% during the 3rd quarter. Cerebellum GP LLC now owns 250 shares of the technology company’s stock worth $66,000 after acquiring an additional 50 shares during the period. Finally, Advisory Services Network LLC grew its stake in shares of Tyler Technologies by 42.3% during the 2nd quarter. Advisory Services Network LLC now owns 313 shares of the technology company’s stock worth $68,000 after acquiring an additional 93 shares during the period. Institutional investors own 88.07% of the company’s stock.
Tyler Technologies Company Profile
Tyler Technologies, Inc provides integrated information management solutions and services for the public sector in the United States and internationally. The company operates in two segments, Enterprise Software, and Appraisal and Tax. It offers financial management solutions, including modular fund accounting systems for government agencies or not-for-profit entities; utility billing systems for the billing and collection of metered and non-metered services; products to automate city and county functions, such as municipal courts, parking tickets, equipment and project costing, animal and business licenses, permits and inspections, code enforcement, citizen complaint tracking, ambulance billing, fleet maintenance, and cemetery records management; and student information and transportation solutions for K-12 schools.
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