Tyler Technologies, Inc. (NYSE:TYL) Receives Average Rating of “Moderate Buy” from Analysts

Tyler Technologies, Inc. (NYSE:TYL) has earned an average rating of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $676.25.

TYL has been the topic of a number of analyst reports. DA Davidson reiterated a “neutral” rating and issued a $575.00 price target on shares of Tyler Technologies in a research note on Thursday, January 30th. Needham & Company LLC reiterated a “buy” rating and issued a $700.00 price target on shares of Tyler Technologies in a research note on Tuesday, January 21st. The Goldman Sachs Group upped their price target on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Piper Sandler upped their price target on shares of Tyler Technologies from $701.00 to $747.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $615.00 price target (down previously from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th.

Insider Buying and Selling

In other news, CEO H Lynn Moore, Jr. sold 6,514 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the completion of the transaction, the chief executive officer now directly owns 75,734 shares in the company, valued at approximately $46,772,561.06. This represents a 7.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $619.00, for a total value of $3,714,000.00. Following the transaction, the insider now owns 6,983 shares of the company’s stock, valued at $4,322,477. This represents a 46.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,064 shares of company stock valued at $8,688,030. 2.20% of the stock is owned by corporate insiders.

Institutional Trading of Tyler Technologies

A number of institutional investors have recently bought and sold shares of TYL. Oak Thistle LLC increased its stake in Tyler Technologies by 213.7% in the fourth quarter. Oak Thistle LLC now owns 2,328 shares of the technology company’s stock worth $1,342,000 after purchasing an additional 1,586 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Tyler Technologies during the third quarter worth about $569,000. Trustmark National Bank Trust Department purchased a new position in Tyler Technologies during the third quarter valued at approximately $1,288,000. Diversified Trust Co purchased a new position in Tyler Technologies during the fourth quarter valued at approximately $596,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Tyler Technologies by 10.6% in the third quarter. PNC Financial Services Group Inc. now owns 10,369 shares of the technology company’s stock valued at $6,053,000 after buying an additional 993 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors.

Tyler Technologies Stock Performance

Shares of TYL stock opened at $566.56 on Monday. Tyler Technologies has a 12 month low of $397.80 and a 12 month high of $661.31. The stock has a market cap of $24.42 billion, a PE ratio of 93.49, a price-to-earnings-growth ratio of 4.93 and a beta of 0.80. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The company’s fifty day moving average price is $598.88 and its 200-day moving average price is $597.81.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, February 12th. The technology company reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. On average, equities analysts expect that Tyler Technologies will post 8.52 EPS 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.