Tyler Technologies, Inc. (NYSE:TYL - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the fourteen research firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $642.62.
TYL has been the topic of several recent analyst reports. Oppenheimer boosted their price target on Tyler Technologies from $625.00 to $700.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. JMP Securities increased their target price on shares of Tyler Technologies from $580.00 to $700.00 and gave the stock a "market outperform" rating in a research note on Friday, October 25th. Robert W. Baird raised their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. DA Davidson upped their price objective on shares of Tyler Technologies from $525.00 to $550.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. Finally, Truist Financial restated a "buy" rating and issued a $685.00 target price (up from $600.00) on shares of Tyler Technologies in a research note on Friday, October 25th.
Get Our Latest Analysis on TYL
Shares of TYL opened at $576.64 on Wednesday. The business has a 50-day moving average of $609.80 and a 200-day moving average of $576.61. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market capitalization of $24.68 billion, a price-to-earnings ratio of 105.23, a price-to-earnings-growth ratio of 5.54 and a beta of 0.76. Tyler Technologies has a 1 year low of $397.80 and a 1 year high of $638.56.
Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.43 by $0.09. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The firm had revenue of $543.34 million for the quarter, compared to the consensus estimate of $547.34 million. During the same quarter in the previous year, the company earned $1.66 EPS. The company's revenue for the quarter was up 9.8% on a year-over-year basis. As a group, equities research analysts anticipate that Tyler Technologies will post 7.36 earnings per share for the current year.
In related news, CEO H Lynn Moore, Jr. sold 6,250 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $605.82, for a total transaction of $3,786,375.00. Following the completion of the sale, the chief executive officer now owns 75,000 shares in the company, valued at approximately $45,436,500. This trade represents a 7.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Brian K. Miller sold 6,752 shares of the business's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $613.75, for a total transaction of $4,144,040.00. Following the completion of the transaction, the chief financial officer now owns 11,918 shares in the company, valued at approximately $7,314,672.50. The trade was a 36.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,252 shares of company stock worth $26,096,928. 2.20% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of the stock. Ashton Thomas Securities LLC bought a new stake in shares of Tyler Technologies in the third quarter valued at $27,000. International Assets Investment Management LLC bought a new stake in Tyler Technologies in the 2nd quarter valued at about $61,000. Quarry LP purchased a new stake in Tyler Technologies during the third quarter valued at about $78,000. Tobam purchased a new stake in Tyler Technologies during the third quarter valued at about $78,000. Finally, Brooklyn Investment Group bought a new position in Tyler Technologies during the third quarter worth about $79,000. Institutional investors own 93.30% of the company's stock.
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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