The Tyler Technologies Inc. (TYL) PT Raised to $213.00

The Tyler Technologies Inc. (TYL) PT Raised to $213.00

Tyler Technologies Inc. (NYSE:TYL) had its target price lifted by Maxim Group from $206.00 to $213.00 in a report published on Tuesday morning. Maxim Group currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on the company. B. Riley reaffirmed a buy rating and set a $176.00 price target on shares of Tyler Technologies in a report on Monday, October 24th. Zacks Investment Research downgraded Tyler Technologies from a buy rating to a hold rating in a report on Thursday, September 29th. Pacific Crest reaffirmed a buy rating and set a $178.00 price target (up from $176.00) on shares of Tyler Technologies in a report on Tuesday, September 13th. KeyCorp upped their price target on Tyler Technologies from $176.00 to $178.00 and gave the company an overweight rating in a report on Tuesday, September 13th. Finally, Benchmark Co. upped their price target on Tyler Technologies from $160.00 to $190.00 and gave the company a buy rating in a report on Friday, July 29th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $177.94.

Shares of Tyler Technologies (NYSE:TYL) opened at 162.71 on Tuesday. Tyler Technologies has a 12 month low of $118.16 and a 12 month high of $184.01. The company has a market cap of $5.96 billion, a P/E ratio of 93.84 and a beta of 1.28. The stock’s 50 day moving average price is $169.11 and its 200-day moving average price is $159.78.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The firm had revenue of $197.80 million for the quarter, compared to the consensus estimate of $50.33 million. Tyler Technologies had a return on equity of 12.34% and a net margin of 9.26%. The company’s quarterly revenue was up 31.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 earnings per share. Equities research analysts expect that Tyler Technologies will post $3.50 earnings per share for the current year.

In related news, CFO Brian K. Miller sold 6,485 shares of the company’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $173.01, for a total transaction of $1,121,969.85. Following the completion of the sale, the chief financial officer now owns 52,775 shares in the company, valued at $9,130,602.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dustin R. Womble sold 35,000 shares of the company’s stock in a transaction on Friday, August 19th. The shares were sold at an average price of $162.73, for a total value of $5,695,550.00. The disclosure for this sale can be found here. Corporate insiders own 12.00% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Metropolitan Life Insurance Co. NY boosted its stake in shares of Tyler Technologies by 2.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 52,429 shares of the company’s stock worth $6,743,000 after buying an additional 1,321 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Tyler Technologies by 2.4% in the first quarter. Nuveen Asset Management LLC now owns 25,711 shares of the company’s stock worth $3,307,000 after buying an additional 591 shares during the last quarter. Kennedy Capital Management Inc. bought a new stake in shares of Tyler Technologies during the first quarter worth approximately $1,113,000. RGM Capital LLC boosted its stake in shares of Tyler Technologies by 48.5% in the first quarter. RGM Capital LLC now owns 308,582 shares of the company’s stock worth $39,687,000 after buying an additional 100,841 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Tyler Technologies by 5.1% in the first quarter. Geode Capital Management LLC now owns 212,497 shares of the company’s stock worth $27,329,000 after buying an additional 10,249 shares during the last quarter. Institutional investors own 90.77% of the company’s stock.

Tyler Technologies Company Profile

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