Tyler Technologies, Inc. (NYSE:TYL) Receives $460.46 Consensus PT from Analysts

Shares of Tyler Technologies, Inc. (NYSE:TYL) have received an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $480.60.

TYL has been the subject of a number of research analyst reports. Robert W. Baird boosted their price target on Tyler Technologies from $500.00 to $525.00 and gave the company an “outperform” rating in a report on Friday. JMP Securities reissued a “market outperform” rating and set a $490.00 target price on shares of Tyler Technologies in a report on Friday. JPMorgan Chase & Co. lifted their price target on shares of Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. DA Davidson boosted their price objective on shares of Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a research report on Thursday, February 22nd. Finally, Piper Sandler reissued an “overweight” rating and issued a $520.00 target price on shares of Tyler Technologies in a report on Wednesday, April 24th.

Tyler Technologies Trading Up 0.6 %

TYL opened at $460.74 on Friday. Tyler Technologies has a 12-month low of $361.16 and a 12-month high of $465.78. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.94 and a quick ratio of 0.86. The stock has a market capitalization of $19.56 billion, a PE ratio of 104.24, a P/E/G ratio of 4.53 and a beta of 0.81. The firm’s fifty day moving average price is $423.02 and its 200 day moving average price is $415.62.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, February 14th. The technology company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $480.94 million for the quarter, compared to analyst estimates of $483.34 million. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. As a group, research analysts expect that Tyler Technologies will post 7.01 EPS for the current fiscal year.

Insider Buying and Selling at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 7,500 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $435.19, for a total value of $3,263,925.00. Following the completion of the sale, the chief executive officer now owns 75,000 shares of the company’s stock, valued at $32,639,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 10,000 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $435.98, for a total transaction of $4,359,800.00. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $32,698,500. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO H Lynn Moore, Jr. sold 7,500 shares of Tyler Technologies stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $435.19, for a total value of $3,263,925.00. Following the transaction, the chief executive officer now owns 75,000 shares in the company, valued at $32,639,250. The disclosure for this sale can be found here. Insiders have sold 50,608 shares of company stock valued at $21,974,819 in the last quarter. Corporate insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TYL. Tenon Financial LLC bought a new stake in shares of Tyler Technologies in the 1st quarter worth approximately $899,000. Conestoga Capital Advisors LLC grew its position in Tyler Technologies by 5.3% in the first quarter. Conestoga Capital Advisors LLC now owns 74,126 shares of the technology company’s stock worth $31,504,000 after buying an additional 3,720 shares during the last quarter. YHB Investment Advisors Inc. bought a new position in shares of Tyler Technologies in the first quarter valued at $78,000. SYSTM Wealth Solutions LLC lifted its position in shares of Tyler Technologies by 8.7% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 4,309 shares of the technology company’s stock valued at $1,831,000 after acquiring an additional 344 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. bought a new stake in shares of Tyler Technologies during the 1st quarter worth $2,754,000. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Company Profile

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. It operates in two segments, Enterprise Software and Platform Technologies. The company offers platform and transformative technology solutions, including cybersecurity for government agencies; data and insights solutions; digital solutions that helps workers and policymakers to share, communicate, and leverage data; payments solutions, such as billing, presentment, merchant onboarding, collections, reconciliation, and disbursements; platform technologies, an application development platform that enables government workers to build solutions and applications; and outdoor recreation solutions, including campsite reservations, activity registrations, licensing sales and renewals, and real-time data for conservation and park management.