Analysts’ Recent Ratings Updates for Tyler Technologies (TYL)

Several brokerages have updated their recommendations and price targets on shares of Tyler Technologies (NYSE: TYL) in the last few weeks:

  • 8/1/2022 – Tyler Technologies had its price target raised by analysts at Wolfe Research from $400.00 to $460.00. They now have an “outperform” rating on the stock.
  • 8/1/2022 – Tyler Technologies had its price target raised by analysts at DA Davidson from $440.00 to $460.00.
  • 7/29/2022 – Tyler Technologies had its price target raised by analysts at Piper Sandler from $405.00 to $468.00. They now have an “overweight” rating on the stock.
  • 7/29/2022 – Tyler Technologies had its price target raised by analysts at Barclays PLC from $370.00 to $410.00. They now have a “maintains” rating on the stock.
  • 7/29/2022 – Tyler Technologies had its price target lowered by analysts at JMP Securities from $540.00 to $500.00. They now have a “maintains” rating on the stock.
  • 7/29/2022 – Tyler Technologies had its price target lowered by analysts at Robert W. Baird from $600.00 to $500.00.
  • 7/28/2022 – Tyler Technologies had its price target lowered by analysts at Needham & Company LLC from $575.00 to $475.00. They now have a “buy” rating on the stock.
  • 7/18/2022 – Tyler Technologies had its price target lowered by analysts at Piper Sandler from $540.00 to $405.00. They now have an “overweight” rating on the stock.
  • 7/12/2022 – Tyler Technologies had its price target lowered by analysts at Barclays PLC from $445.00 to $370.00. They now have an “equal weight” rating on the stock.
  • 7/5/2022 – Tyler Technologies had its price target lowered by analysts at Truist Financial Co. from $550.00 to $500.00. They now have a “buy” rating on the stock.
  • 6/7/2022 – Tyler Technologies was upgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating. They now have a $435.00 price target on the stock, up previously from $425.00.

Tyler Technologies Price Performance

TYL stock opened at $411.74 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.15 and a quick ratio of 1.12. The business has a 50 day simple moving average of $347.67 and a 200-day simple moving average of $393.24. The firm has a market capitalization of $17.08 billion, a PE ratio of 97.80 and a beta of 0.90. Tyler Technologies, Inc. has a 1 year low of $300.85 and a 1 year high of $557.55.

Tyler Technologies (NYSE:TYLGet Rating) last issued its quarterly earnings data on Wednesday, July 27th. The technology company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.05. The company had revenue of $468.70 million during the quarter, compared to analyst estimates of $458.50 million. Tyler Technologies had a return on equity of 10.26% and a net margin of 9.84%. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.42 earnings per share. Equities research analysts anticipate that Tyler Technologies, Inc. will post 5.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Brian K. Miller sold 2,500 shares of the stock in a transaction that occurred on Friday, May 13th. The stock was sold at an average price of $358.97, for a total value of $897,425.00. Following the completion of the transaction, the chief financial officer now directly owns 28,594 shares in the company, valued at $10,264,388.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Brian K. Miller sold 2,500 shares of the firm’s stock in a transaction on Friday, May 13th. The stock was sold at an average price of $358.97, for a total transaction of $897,425.00. Following the completion of the transaction, the chief financial officer now directly owns 28,594 shares in the company, valued at $10,264,388.18. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman John S. Marr, Jr. sold 6,000 shares of the firm’s stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $363.75, for a total value of $2,182,500.00. Following the transaction, the chairman now owns 57,638 shares of the company’s stock, valued at $20,965,822.50. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Tyler Technologies by 1.5% in the first quarter. Vanguard Group Inc. now owns 4,603,034 shares of the technology company’s stock valued at $2,047,844,000 after acquiring an additional 66,211 shares in the last quarter. BlackRock Inc. raised its stake in shares of Tyler Technologies by 0.8% in the first quarter. BlackRock Inc. now owns 4,278,185 shares of the technology company’s stock valued at $1,903,323,000 after acquiring an additional 35,064 shares in the last quarter. State Street Corp raised its stake in shares of Tyler Technologies by 2.6% in the fourth quarter. State Street Corp now owns 1,692,988 shares of the technology company’s stock valued at $910,743,000 after acquiring an additional 42,788 shares in the last quarter. Geode Capital Management LLC raised its stake in Tyler Technologies by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 774,761 shares of the technology company’s stock valued at $415,761,000 after buying an additional 22,560 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Tyler Technologies by 15.3% in the first quarter. Invesco Ltd. now owns 762,769 shares of the technology company’s stock valued at $339,347,000 after buying an additional 101,365 shares in the last quarter. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. The company operates in three segments: Enterprise Software; Appraisal and Tax; and NIC. 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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