Analysts Set Tyler Technologies, Inc. (NYSE:TYL) PT at $492.22

Shares of Tyler Technologies, Inc. (NYSE:TYL) have received an average recommendation of “Moderate Buy” from the eleven analysts that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $519.09.

TYL has been the subject of several research analyst reports. Needham & Company LLC boosted their price objective on shares of Tyler Technologies from $500.00 to $600.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Oppenheimer upped their price target on shares of Tyler Technologies from $500.00 to $550.00 and gave the stock an “outperform” rating in a report on Wednesday. DA Davidson upped their price target on shares of Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a report on Thursday, February 22nd. BTIG Research upped their price target on shares of Tyler Technologies from $515.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. upped their price target on shares of Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th.

Insider Activity

In related news, CEO H Lynn Moore, Jr. sold 1,849 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $421.19, for a total value of $778,780.31. Following the sale, the chief executive officer now owns 79,502 shares in the company, valued at approximately $33,485,447.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Daniel M. Pope sold 520 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $491.18, for a total value of $255,413.60. Following the sale, the director now owns 3,493 shares in the company, valued at approximately $1,715,691.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO H Lynn Moore, Jr. sold 1,849 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $421.19, for a total transaction of $778,780.31. Following the completion of the sale, the chief executive officer now owns 79,502 shares in the company, valued at approximately $33,485,447.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,049 shares of company stock worth $20,727,935. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Tyler Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in TYL. Norges Bank purchased a new stake in Tyler Technologies in the 4th quarter valued at about $459,691,000. Morgan Stanley grew its position in shares of Tyler Technologies by 21.1% during the 3rd quarter. Morgan Stanley now owns 1,015,713 shares of the technology company’s stock valued at $392,208,000 after acquiring an additional 177,242 shares during the period. APG Asset Management US Inc. bought a new position in shares of Tyler Technologies during the 4th quarter valued at approximately $57,493,000. Van ECK Associates Corp grew its position in shares of Tyler Technologies by 13.1% during the 4th quarter. Van ECK Associates Corp now owns 868,016 shares of the technology company’s stock valued at $362,935,000 after acquiring an additional 100,788 shares during the period. Finally, Janus Henderson Group PLC grew its position in shares of Tyler Technologies by 15.3% during the 1st quarter. Janus Henderson Group PLC now owns 532,935 shares of the technology company’s stock valued at $226,501,000 after acquiring an additional 70,801 shares during the period. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Up 0.2 %

NYSE TYL opened at $492.05 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.20. Tyler Technologies has a 1-year low of $361.16 and a 1-year high of $500.49. The company has a 50 day moving average of $443.38 and a 200-day moving average of $429.19. The company has a market cap of $20.89 billion, a price-to-earnings ratio of 111.32, a PEG ratio of 4.59 and a beta of 0.76.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, April 24th. The technology company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.48 by $0.26. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. The business had revenue of $512.36 million during the quarter, compared to the consensus estimate of $507.79 million. On average, equities research analysts expect that Tyler Technologies will post 7.14 earnings per share for the current fiscal year.

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.