Shares of Tyler Technologies Inc. (NYSE:TYL) have earned an average recommendation of “Buy” from the sixteen analysts that are covering the company. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $179.09.
TYL has been the topic of several research reports. Maxim Group boosted their price target on shares of Tyler Technologies from $196.00 to $206.00 and gave the stock a “buy” rating in a research report on Thursday, July 28th. Evercore Partners Inc. upgraded Tyler Technologies to a “buy” rating in a report on Monday, June 27th. Evercore ISI upgraded Tyler Technologies from a “hold” rating to a “buy” rating and set a $184.00 price objective on the stock in a report on Monday, June 27th. Pacific Crest restated a “buy” rating on shares of Tyler Technologies in a report on Thursday, June 23rd. Finally, Zacks Investment Research upgraded Tyler Technologies from a “hold” rating to a “buy” rating and set a $180.00 price objective on the stock in a report on Thursday, August 4th.
Tyler Technologies (NYSE:TYL) opened at 169.38 on Thursday. The firm’s 50-day moving average is $169.83 and its 200-day moving average is $157.50. Tyler Technologies has a 12 month low of $118.16 and a 12 month high of $184.01. The firm has a market capitalization of $6.16 billion, a PE ratio of 98.71 and a beta of 1.28.
Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.84 by $0.03. Tyler Technologies had a net margin of 9.54% and a return on equity of 13.07%. The firm had revenue of $188.97 million for the quarter, compared to analysts’ expectations of $192.12 million. During the same period in the previous year, the business earned $0.65 earnings per share. Tyler Technologies’s revenue for the quarter was up 29.2% compared to the same quarter last year. On average, equities research analysts expect that Tyler Technologies will post $3.48 EPS for the current year.
In other Tyler Technologies news, Director Luther King, Jr. sold 1,800 shares of the company’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $160.76, for a total transaction of $289,368.00. Following the completion of the sale, the director now owns 72,864 shares of the company’s stock, valued at $11,713,616.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian K. Miller sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $169.15, for a total value of $1,268,625.00. Following the sale, the chief financial officer now directly owns 62,517 shares of the company’s stock, valued at approximately $10,574,750.55. The disclosure for this sale can be found here. 12.00% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in the company. Point72 Asia Hong Kong Ltd bought a new stake in shares of Tyler Technologies during the second quarter worth about $100,000. Creative Planning boosted its stake in shares of Tyler Technologies by 437.2% in the second quarter. Creative Planning now owns 650 shares of the company’s stock worth $108,000 after buying an additional 529 shares during the last quarter. Grandeur Peak Global Advisors LLC boosted its stake in shares of Tyler Technologies by 20.0% in the second quarter. Grandeur Peak Global Advisors LLC now owns 900 shares of the company’s stock worth $150,000 after buying an additional 150 shares during the last quarter. Advisor Group Inc. bought a new stake in shares of Tyler Technologies during the second quarter worth about $178,000. Finally, Parametrica Management Ltd bought a new stake in shares of Tyler Technologies during the third quarter worth about $206,000. 90.95% of the stock is owned by hedge funds and other institutional investors.
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 provides professional information technology (IT) services to its clients, including software and hardware installation, data conversion, training and product modifications.
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