Tyler Technologies (NYSE:TYL) PT Raised to $460.00 at DA Davidson – MarketBeat

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Tyler Technologies (NYSE:TYL – Get Rating) had its price objective upped by equities researchers at DA Davidson from $440.00 to $460.00 in a research note issued to investors on Monday, The Fly reports. DA Davidson’s target price indicates a potential upside of 15.29% from the stock’s current price.
Several other brokerages have also recently issued reports on TYL. TheStreet cut shares of Tyler Technologies from a “b-” rating to a “c+” rating in a research report on Wednesday, April 27th. Wolfe Research increased their price objective on shares of Tyler Technologies from $400.00 to $460.00 and gave the company an “outperform” rating in a research report on Monday. Barclays raised their price objective on shares of Tyler Technologies from $370.00 to $410.00 and gave the company a “maintains” rating in a report on Friday. Credit Suisse Group initiated coverage on shares of Tyler Technologies in a research note on Monday, May 9th. They set a “neutral” rating and a $408.00 target price for the company. Finally, Loop Capital started coverage on Tyler Technologies in a research note on Monday, April 18th. They issued a “buy” rating and a $520.00 price target on the stock. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $476.75.

Tyler Technologies Trading Up 0.2 %

Shares of TYL stock opened at $399.00 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.15 and a quick ratio of 1.12. The firm has a market cap of $16.55 billion, a PE ratio of 94.77 and a beta of 0.90. The company has a 50-day moving average of $343.77 and a two-hundred day moving average of $393.61. Tyler Technologies has a 1-year low of $300.85 and a 1-year high of $557.55.
Tyler Technologies (NYSE:TYL – Get Rating) last issued its quarterly earnings results on Wednesday, July 27th. The technology company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.05. The business had revenue of $468.70 million for the quarter, compared to analysts’ expectations of $458.50 million. Tyler Technologies had a net margin of 9.84% and a return on equity of 10.26%. The business’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.42 earnings per share. On average, analysts predict that Tyler Technologies will post 5.58 EPS for the current year.

Insider Buying and Selling at Tyler Technologies

In related news, CFO Brian K. Miller sold 2,500 shares of the company’s stock in a transaction on Friday, May 13th. The shares were sold at an average price of $358.97, for a total value of $897,425.00. Following the completion of the sale, the chief financial officer now owns 28,594 shares in the company, valued at approximately $10,264,388.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Brian K. Miller sold 2,500 shares of the firm’s stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $358.97, for a total transaction of $897,425.00. Following the transaction, the chief financial officer now owns 28,594 shares of the company’s stock, valued at $10,264,388.18. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman John S. Marr, Jr. sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $363.75, for a total value of $2,182,500.00. Following the sale, the chairman now directly owns 57,638 shares of the company’s stock, valued at $20,965,822.50. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Tyler Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in Tyler Technologies in the 4th quarter valued at $189,211,000. Invesco Ltd. increased its stake in Tyler Technologies by 101.9% in the 4th quarter. Invesco Ltd. now owns 661,404 shares of the technology company’s stock valued at $355,803,000 after buying an additional 333,839 shares during the period. BlackRock Inc. increased its stake in Tyler Technologies by 7.5% in the 4th quarter. BlackRock Inc. now owns 4,243,121 shares of the technology company’s stock valued at $2,282,585,000 after buying an additional 295,863 shares during the period. RGM Capital LLC increased its stake in Tyler Technologies by 44.0% in the 1st quarter. RGM Capital LLC now owns 295,850 shares of the technology company’s stock valued at $131,621,000 after buying an additional 90,402 shares during the period. Finally, NN Investment Partners Holdings N.V. increased its stake in Tyler Technologies by 1,796.8% in the 1st quarter. NN Investment Partners Holdings N.V. now owns 78,355 shares of the technology company’s stock valued at $34,859,000 after buying an additional 74,224 shares during the period. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

Tyler Technologies Company Profile

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Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. The company operates in three segments: Enterprise Software; Appraisal and Tax; and NIC. 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.

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