Shares of Tyler Technologies, Inc. (NYSE:TYL) have received an average recommendation of “Buy” from the eleven analysts that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $276.80.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Tyler Technologies from a “sell” rating to a “hold” rating in a research note on Friday, November 15th. Oppenheimer initiated coverage on Tyler Technologies in a research note on Monday, October 7th. They issued an “outperform” rating and a $300.00 price target for the company. JMP Securities increased their price objective on Tyler Technologies from $245.00 to $286.00 and gave the stock a “market outperform” rating in a report on Friday, September 27th. Northcoast Research lowered shares of Tyler Technologies from a “buy” rating to a “neutral” rating and set a $275.00 price objective on the stock. in a research report on Thursday. Finally, DA Davidson lifted their target price on shares of Tyler Technologies from $216.00 to $238.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. They noted that the move was a valuation call.
In other Tyler Technologies news, Chairman John S. Marr, Jr. sold 15,000 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $285.65, for a total transaction of $4,284,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO H Lynn Moore, Jr. sold 10,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $290.02, for a total transaction of $2,900,200.00. Following the transaction, the chief executive officer now directly owns 73,672 shares of the company’s stock, valued at approximately $21,366,353.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,500 shares of company stock worth $12,222,240. 4.40% of the stock is currently owned by insiders.
Shares of NYSE TYL traded down $3.16 during mid-day trading on Monday, reaching $284.56. The company had a trading volume of 10,753 shares, compared to its average volume of 251,411. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.20 and a current ratio of 1.20. Tyler Technologies has a twelve month low of $173.26 and a twelve month high of $293.84. The stock’s 50 day moving average is $276.52 and its 200-day moving average is $247.93. The stock has a market capitalization of $11.31 billion, a PE ratio of 76.16 and a beta of 0.89.
Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, October 30th. The technology company reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.01). Tyler Technologies had a net margin of 12.63% and a return on equity of 11.51%. The firm had revenue of $275.40 million for the quarter, compared to analyst estimates of $281.03 million. During the same period in the previous year, the business posted $1.23 EPS. Tyler Technologies’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, sell-side analysts anticipate that Tyler Technologies will post 4.15 EPS for the current year.
About Tyler Technologies
Tyler Technologies, Inc provides integrated information management solutions and services for the public sector in the United States and internationally. The company operates in two segments, Enterprise Software, and Appraisal and Tax. 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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