Several other equities research analysts also recently weighed in on the company. Piper Jaffray Companies reissued an overweight rating and set a $220.00 price objective on shares of Tyler Technologies in a report on Tuesday, January 16th. Zacks Investment Research downgraded Tyler Technologies from a hold rating to a sell rating in a report on Wednesday, December 27th. Finally, B. Riley downgraded Tyler Technologies from a buy rating to a neutral rating and set a $184.00 target price on the stock. in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Tyler Technologies has an average rating of Buy and an average target price of $200.29.
Shares of Tyler Technologies (TYL) opened at $201.72 on Thursday. Tyler Technologies has a twelve month low of $151.37 and a twelve month high of $208.67. The firm has a market capitalization of $7,706.73, a price-to-earnings ratio of 59.16 and a beta of 1.00.
In other Tyler Technologies news, VP Brian K. Miller sold 4,860 shares of Tyler Technologies stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $178.34, for a total transaction of $866,732.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President H Lynn Moore, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $179.57, for a total value of $1,077,420.00. Following the transaction, the president now directly owns 61,278 shares in the company, valued at $11,003,690.46. The disclosure for this sale can be found here. Insiders have sold a total of 239,007 shares of company stock worth $43,497,883 over the last ninety days. Company insiders own 10.30% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Atlantic Trust Group LLC acquired a new position in shares of Tyler Technologies in the 3rd quarter valued at about $76,095,000. Carillon Tower Advisers Inc. acquired a new position in shares of Tyler Technologies in the 4th quarter valued at about $57,036,000. Franklin Resources Inc. lifted its stake in shares of Tyler Technologies by 35.6% in the 4th quarter. Franklin Resources Inc. now owns 796,423 shares of the technology company’s stock valued at $141,009,000 after purchasing an additional 209,004 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Tyler Technologies by 221.0% in the 4th quarter. Victory Capital Management Inc. now owns 291,743 shares of the technology company’s stock valued at $51,653,000 after purchasing an additional 200,871 shares during the period. Finally, Riverbridge Partners LLC lifted its stake in shares of Tyler Technologies by 132.3% in the 3rd quarter. Riverbridge Partners LLC now owns 253,326 shares of the technology company’s stock valued at $44,160,000 after purchasing an additional 144,292 shares during the period. 94.30% of the stock is currently owned by hedge funds and other institutional investors.
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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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