Shares of Tyler Technologies, Inc. (NYSE:TYL) have received an average rating of “Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $271.80.
TYL has been the subject of several research analyst reports. Oppenheimer initiated coverage on Tyler Technologies in a research note on Monday, October 7th. They set an “outperform” rating and a $300.00 target price for the company. ValuEngine downgraded Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research downgraded Tyler Technologies from a “buy” rating to a “sell” rating in a research note on Friday. Northland Securities reissued a “buy” rating on shares of Tyler Technologies in a research note on Thursday, August 1st. Finally, DA Davidson boosted their target price on Tyler Technologies from $216.00 to $238.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. They noted that the move was a valuation call.
In other news, Chairman John S. Marr, Jr. sold 20,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $258.03, for a total transaction of $5,160,600.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Brian K. Miller sold 2,000 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $261.27, for a total value of $522,540.00. Following the sale, the chief financial officer now owns 47,566 shares in the company, valued at $12,427,568.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 80,003 shares of company stock worth $20,604,301. Company insiders own 4.40% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp bought a new stake in shares of Tyler Technologies during the second quarter worth about $40,000. Quadrant Capital Group LLC grew its holdings in shares of Tyler Technologies by 233.3% during the third quarter. Quadrant Capital Group LLC now owns 220 shares of the technology company’s stock worth $56,000 after purchasing an additional 154 shares during the last quarter. Cerebellum GP LLC grew its holdings in shares of Tyler Technologies by 25.0% during the third quarter. Cerebellum GP LLC now owns 250 shares of the technology company’s stock worth $66,000 after purchasing an additional 50 shares during the last quarter. Tompkins Financial Corp boosted its holdings in Tyler Technologies by 42.0% in the second quarter. Tompkins Financial Corp now owns 291 shares of the technology company’s stock valued at $63,000 after acquiring an additional 86 shares during the last quarter. Finally, Advisory Services Network LLC boosted its holdings in Tyler Technologies by 42.3% in the second quarter. Advisory Services Network LLC now owns 313 shares of the technology company’s stock valued at $68,000 after acquiring an additional 93 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.
NYSE TYL traded up $3.57 during trading on Thursday, hitting $277.72. 281,992 shares of the company’s stock were exchanged, compared to its average volume of 236,255. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01. The company has a market cap of $10.69 billion, a PE ratio of 74.26 and a beta of 0.86. Tyler Technologies has a fifty-two week low of $173.26 and a fifty-two week high of $278.89. The stock’s 50 day moving average price is $264.18 and its two-hundred day moving average price is $239.65.
Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, October 30th. The technology company reported $1.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.36 by ($0.01). The business had revenue of $275.40 million for the quarter, compared to analyst estimates of $281.03 million. Tyler Technologies had a return on equity of 11.51% and a net margin of 12.63%. The firm’s revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.23 EPS. Analysts forecast that Tyler Technologies will post 4.15 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 in the United States and internationally. The company operates in two segments, Enterprise Software, and Appraisal and Tax. 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.
Receive News & Ratings for Tyler Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyler Technologies and related companies with MarketBeat.com's FREE daily email newsletter.