Tyler Technologies, Inc. (NYSE:TYL) has earned an average recommendation of “Buy” from the nine research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $200.67.
A number of research firms have weighed in on TYL. Maxim Group set a $220.00 target price on shares of Tyler Technologies and gave the stock a “buy” rating in a research note on Thursday. B. Riley reaffirmed a “neutral” rating and set a $184.00 target price on shares of Tyler Technologies in a research note on Thursday, October 26th. Zacks Investment Research raised shares of Tyler Technologies from a “hold” rating to a “buy” rating and set a $198.00 target price on the stock in a research note on Wednesday, November 1st. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $220.00 target price on shares of Tyler Technologies in a research note on Tuesday, January 16th.
Shares of Tyler Technologies (NYSE:TYL) traded up $4.29 during trading hours on Tuesday, reaching $206.01. 193,435 shares of the company were exchanged, compared to its average volume of 201,607. The company has a market capitalization of $7,706.73, a PE ratio of 60.27 and a beta of 1.00. Tyler Technologies has a fifty-two week low of $151.37 and a fifty-two week high of $208.67.
In other news, President H Lynn Moore, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction on Friday, December 15th. The shares were sold at an average price of $179.57, for a total transaction of $1,077,420.00. Following the transaction, the president now owns 61,278 shares in the company, valued at $11,003,690.46. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Larry D. Leinweber sold 64,612 shares of Tyler Technologies stock in a transaction on Friday, December 15th. The stock was sold at an average price of $180.85, for a total transaction of $11,685,080.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 239,007 shares of company stock worth $43,497,883. Insiders own 10.30% of the company’s stock.
Several large investors have recently modified their holdings of TYL. Zions Bancorporation acquired a new position in shares of Tyler Technologies during the third quarter worth $156,000. San Francisco Sentry Investment Group CA lifted its holdings in shares of Tyler Technologies by 1,334.7% during the fourth quarter. San Francisco Sentry Investment Group CA now owns 1,076 shares of the technology company’s stock worth $191,000 after purchasing an additional 1,001 shares during the period. CIBC Asset Management Inc acquired a new position in shares of Tyler Technologies during the third quarter worth $218,000. Stone Ridge Asset Management LLC acquired a new position in shares of Tyler Technologies during the fourth quarter worth $229,000. Finally, MML Investors Services LLC acquired a new position in shares of Tyler Technologies during the fourth quarter worth $253,000. Institutional investors own 94.30% of the company’s stock.
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About Tyler Technologies
Tyler Technologies, Inc is a provider of information management solutions and services for the public sector, with a focus on local governments. The Company operates through two segments: Enterprise Software (ES) segment and The Appraisal and Tax (A&T) segment. ES segment provides municipal and county governments and schools with software systems and services for information technology and automation needs that includes back-office functions, such as financial management, courts and justice processes, public safety, planning regulatory and maintenance, and land and vital records management.
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