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

Shares of Tyler Technologies, Inc. (NYSE:TYL) have earned an average rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $676.25.

A number of equities analysts recently weighed in on the stock. StockNews.com lowered shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Monday. Truist Financial restated a “buy” rating and set a $775.00 target price (up previously from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. The Goldman Sachs Group upped their target price on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Barclays upped their target price on shares of Tyler Technologies from $705.00 to $715.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $615.00 target price (down previously from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th.

Insider Activity

In other news, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $633.55, for a total value of $3,801,300.00. Following the sale, the insider now owns 6,983 shares of the company’s stock, valued at approximately $4,424,079.65. This represents a 46.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Brian K. Miller sold 2,500 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $632.01, for a total transaction of $1,580,025.00. Following the completion of the sale, the chief financial officer now directly owns 12,198 shares in the company, valued at approximately $7,709,257.98. This represents a 17.01 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,252 shares of company stock valued at $9,525,365. 2.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Oak Thistle LLC lifted its holdings in Tyler Technologies by 213.7% during the 4th quarter. Oak Thistle LLC now owns 2,328 shares of the technology company’s stock valued at $1,342,000 after buying an additional 1,586 shares in the last quarter. Aigen Investment Management LP bought a new stake in Tyler Technologies during the 3rd quarter valued at about $1,309,000. Maiden Cove Capital LLC bought a new stake in Tyler Technologies during the 3rd quarter valued at about $583,000. Assetmark Inc. lifted its holdings in Tyler Technologies by 9.4% during the 3rd quarter. Assetmark Inc. now owns 9,910 shares of the technology company’s stock valued at $5,785,000 after buying an additional 854 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Tyler Technologies during the 3rd quarter valued at about $569,000. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Performance

TYL opened at $616.80 on Thursday. The firm has a market cap of $26.53 billion, a P/E ratio of 101.78, a PEG ratio of 4.93 and a beta of 0.78. Tyler Technologies has a 1-year low of $397.80 and a 1-year high of $661.31. The company has a 50 day simple moving average of $598.17 and a two-hundred day simple moving average of $597.36. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. Equities analysts forecast that Tyler Technologies will post 8.52 earnings per share for the current fiscal year.

About Tyler Technologies

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.