StockNews.com assumed coverage on shares of Tyler Technologies (NYSE:TYL – Get Rating) in a research report report published on Thursday morning. The brokerage issued a hold rating on the technology company’s stock.
Other equities research analysts have also recently issued reports about the company. Piper Sandler reduced their price target on Tyler Technologies from $468.00 to $450.00 and set an overweight rating on the stock in a research note on Friday, February 17th. Robert W. Baird reduced their price target on Tyler Technologies from $460.00 to $440.00 and set an outperform rating on the stock in a research note on Tuesday, December 13th. Credit Suisse Group cut their target price on Tyler Technologies from $375.00 to $370.00 and set a neutral rating on the stock in a research note on Tuesday, February 21st. Needham & Company LLC reissued a buy rating and issued a $475.00 target price on shares of Tyler Technologies in a research note on Friday, February 17th. Finally, JMP Securities cut their target price on Tyler Technologies from $465.00 to $415.00 in a research note on Friday, February 17th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $433.62.
Tyler Technologies Price Performance
Shares of TYL stock opened at $326.61 on Thursday. The stock has a market cap of $13.66 billion, a price-to-earnings ratio of 84.40 and a beta of 0.81. The business’s fifty day moving average is $324.80 and its 200 day moving average is $331.06. Tyler Technologies has a twelve month low of $281.11 and a twelve month high of $453.03. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.36.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Lindbrook Capital LLC lifted its holdings in Tyler Technologies by 105.4% in the fourth quarter. Lindbrook Capital LLC now owns 76 shares of the technology company’s stock valued at $25,000 after acquiring an additional 39 shares during the period. Private Trust Co. NA purchased a new stake in Tyler Technologies in the second quarter worth about $32,000. Ruedi Wealth Management Inc. purchased a new stake in Tyler Technologies in the fourth quarter worth about $31,000. Belpointe Asset Management LLC purchased a new stake in Tyler Technologies in the fourth quarter worth about $33,000. Finally, CI Investments Inc. increased its position in Tyler Technologies by 136.7% in the fourth quarter. CI Investments Inc. now owns 116 shares of the technology company’s stock worth $37,000 after buying an additional 67 shares in the last quarter. Institutional investors own 89.45% of the company’s stock.
Tyler Technologies Company Profile
Tyler Technologies, Inc engages in the provision of integrated technology and management solutions and services for the public sector with a focus on local governments. It operates through the following segments: Enterprise Software and Appraisal and Tax. The Enterprise Software segment provides municipal and county governments and schools with software systems to meet their information technology and automation needs for mission-critical back-office functions such as financial management, courts and justice processes.
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