Tyler Technologies (NYSE:TYL) PT Lowered to $375.00 at Credit Suisse Group

Tyler Technologies (NYSE:TYL – Get Rating) had its price target trimmed by Credit Suisse Group from $408.00 to $375.00 in a report released on Tuesday morning, The Fly reports. The firm currently has a neutral rating on the technology company’s stock.

A number of other equities research analysts have also commented on TYL. Wells Fargo & Company decreased their price target on Tyler Technologies from $460.00 to $440.00 and set an overweight rating on the stock in a research report on Friday, October 28th. Truist Financial decreased their price target on Tyler Technologies from $500.00 to $475.00 and set a buy rating on the stock in a research report on Friday, October 28th. BTIG Research decreased their price target on Tyler Technologies from $585.00 to $500.00 in a research report on Friday, October 28th. Barclays decreased their price target on Tyler Technologies from $365.00 to $350.00 and set an equal weight rating on the stock in a research report on Wednesday, January 11th. Finally, DA Davidson decreased their price target on Tyler Technologies from $460.00 to $420.00 in a research report on Monday, October 17th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Tyler Technologies currently has an average rating of Moderate Buy and a consensus target price of $437.08.

Tyler Technologies Trading Down 3.7 %

TYL stock opened at $332.57 on Tuesday. Tyler Technologies has a 1-year low of $281.11 and a 1-year high of $492.59. The firm has a market cap of $13.85 billion, a P/E ratio of 75.07 and a beta of 0.81. The business’s 50 day moving average is $322.38 and its 200-day moving average is $345.06. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.41.

Insider Activity

In other news, Director Glenn A. Carter sold 400 shares of the stock in a transaction on Friday, December 2nd. The stock was sold at an average price of $343.49, for a total value of $137,396.00. Following the transaction, the director now owns 1,287 shares of the company’s stock, valued at approximately $442,071.63. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO Brian K. Miller sold 2,500 shares of the stock in a transaction on Friday, November 11th. The stock was sold at an average price of $321.73, for a total value of $804,325.00. Following the transaction, the chief financial officer now owns 24,150 shares of the company’s stock, valued at approximately $7,769,779.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Glenn A. Carter sold 400 shares of the stock in a transaction on Friday, December 2nd. The shares were sold at an average price of $343.49, for a total value of $137,396.00. Following the completion of the transaction, the director now directly owns 1,287 shares in the company, valued at approximately $442,071.63. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Institutional Trading of Tyler Technologies

Hedge funds have recently added to or reduced their stakes in the business. Lindbrook Capital LLC raised its stake in Tyler Technologies by 105.4% during the 4th quarter. Lindbrook Capital LLC now owns 76 shares of the technology company’s stock worth $25,000 after buying an additional 39 shares during the period. Private Trust Co. NA acquired a new stake in Tyler Technologies during the 2nd quarter worth $32,000. Logan Capital Management Inc. raised its stake in Tyler Technologies by 2,360.0% during the 3rd quarter. Logan Capital Management Inc. now owns 123 shares of the technology company’s stock worth $43,000 after buying an additional 118 shares during the period. Tobam acquired a new stake in Tyler Technologies during the 4th quarter worth $44,000. Finally, Ronald Blue Trust Inc. acquired a new stake in Tyler Technologies during the 2nd quarter worth $54,000. Institutional investors and hedge funds own 89.45% of the company’s stock.

Tyler Technologies Company Profile

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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.