Tyler Technologies (NYSE:TYL) Price Target Raised to $550.00 at BTIG Research

Tyler Technologies (NYSE:TYLFree Report) had its price target lifted by BTIG Research from $515.00 to $550.00 in a research note published on Wednesday, Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

TYL has been the subject of a number of other research reports. Needham & Company LLC increased their price target on shares of Tyler Technologies from $500.00 to $600.00 and gave the company a buy rating in a report on Tuesday. JPMorgan Chase & Co. increased 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. Robert W. Baird increased their price target on shares of Tyler Technologies from $500.00 to $525.00 and gave the company an outperform rating in a report on Friday, April 26th. Piper Sandler reiterated an overweight rating and issued a $520.00 price target on shares of Tyler Technologies in a report on Wednesday, April 24th. Finally, DA Davidson increased their price target on shares of Tyler Technologies from $412.00 to $434.00 and gave the company a neutral rating in a report on Thursday, February 22nd. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $514.55.

View Our Latest Stock Analysis on TYL

Tyler Technologies Stock Up 0.3 %

Shares of Tyler Technologies stock opened at $497.50 on Wednesday. The company has a market cap of $21.12 billion, a P/E ratio of 112.56, a PEG ratio of 4.61 and a beta of 0.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.94 and a current ratio of 0.94. Tyler Technologies has a one year low of $361.16 and a one year high of $500.49. The firm has a fifty day moving average of $440.41 and a two-hundred day moving average of $428.21.

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

Insiders Place Their Bets

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,500 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $438.98, for a total transaction of $2,853,370.00. Following the sale, the insider now directly owns 6,400 shares of the company’s stock, valued at approximately $2,809,472. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,500 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $438.98, for a total transaction of $2,853,370.00. Following the sale, the insider now directly owns 6,400 shares of the company’s stock, valued at approximately $2,809,472. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brenda A. Cline sold 5,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $458.83, for a total transaction of $2,294,150.00. Following the sale, the director now directly owns 1,358 shares in the company, valued at $623,091.14. The disclosure for this sale can be found here. Insiders have sold 52,549 shares of company stock valued at $23,571,620 in the last ninety days. Insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Tyler Technologies

Several hedge funds have recently modified their holdings of the stock. Baron Wealth Management LLC boosted its position in shares of Tyler Technologies by 2.0% in the fourth quarter. Baron Wealth Management LLC now owns 1,463 shares of the technology company’s stock worth $612,000 after acquiring an additional 29 shares during the last quarter. Industrial Alliance Investment Management Inc. boosted its position in shares of Tyler Technologies by 4.4% in the first quarter. Industrial Alliance Investment Management Inc. now owns 693 shares of the technology company’s stock worth $295,000 after acquiring an additional 29 shares during the last quarter. Centered Wealth LLC dba Miller Equity Capital Advisors boosted its position in shares of Tyler Technologies by 0.8% in the fourth quarter. Centered Wealth LLC dba Miller Equity Capital Advisors now owns 3,920 shares of the technology company’s stock worth $1,639,000 after acquiring an additional 30 shares during the last quarter. GW&K Investment Management LLC boosted its position in shares of Tyler Technologies by 0.3% in the fourth quarter. GW&K Investment Management LLC now owns 12,044 shares of the technology company’s stock worth $5,035,000 after acquiring an additional 31 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its position in shares of Tyler Technologies by 5.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 670 shares of the technology company’s stock worth $280,000 after acquiring an additional 33 shares during the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

About Tyler Technologies

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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.

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