Tyler Technologies, Inc. (NYSE:TYL) Given Consensus Rating of “Moderate Buy” by Brokerages

Tyler Technologies, Inc. (NYSE:TYL) has earned a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $460.46.

A number of brokerages have recently commented on TYL. DA Davidson raised their target price on shares of Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a research report on Thursday, February 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $500.00 target price on shares of Tyler Technologies in a research report on Thursday. Piper Sandler reissued an “overweight” rating and set a $520.00 price objective on shares of Tyler Technologies in a report on Wednesday. JPMorgan Chase & Co. lifted their price objective 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. Finally, JMP Securities reissued a “market outperform” rating and set a $490.00 price objective on shares of Tyler Technologies in a report on Friday, February 16th.

Insider Transactions at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 7,500 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $435.19, for a total transaction of $3,263,925.00. Following the transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at $32,639,250. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider John S. Marr, Jr. sold 6,500 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $437.49, for a total transaction of $2,843,685.00. Following the sale, the insider now directly owns 6,400 shares of the company’s stock, valued at $2,799,936. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO H Lynn Moore, Jr. sold 7,500 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $435.19, for a total transaction of $3,263,925.00. Following the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at $32,639,250. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,608 shares of company stock valued at $21,974,819. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Tyler Technologies

Large investors have recently made changes to their positions in the stock. Kapitalo Investimentos Ltda purchased a new stake in shares of Tyler Technologies during the fourth quarter valued at $26,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Tyler Technologies in the fourth quarter valued at $31,000. Headlands Technologies LLC purchased a new stake in Tyler Technologies in the fourth quarter valued at $40,000. Lindbrook Capital LLC boosted its holdings in Tyler Technologies by 50.6% in the fourth quarter. Lindbrook Capital LLC now owns 116 shares of the technology company’s stock valued at $49,000 after purchasing an additional 39 shares during the last quarter. Finally, Chilton Capital Management LLC purchased a new stake in Tyler Technologies in the fourth quarter valued at $52,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Stock Performance

Shares of NYSE:TYL opened at $458.45 on Friday. The firm has a market cap of $19.46 billion, a PE ratio of 117.85, a price-to-earnings-growth ratio of 4.12 and a beta of 0.81. The firm’s 50 day simple moving average is $422.28 and its 200-day simple moving average is $414.52. Tyler Technologies has a one year low of $361.16 and a one year high of $464.81. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 0.86.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, February 14th. The technology company reported $1.39 EPS for the quarter, topping 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 8.50% and a return on equity of 8.85%. As a group, equities analysts predict that Tyler Technologies will post 6.77 EPS for the current 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.