Tyler Technologies (TYL) Given a $220.00 Price Target by Maxim Group Analysts

Maxim Group set a $220.00 price target on Tyler Technologies (NYSE:TYL) in a research report released on Thursday. The brokerage currently has a buy rating on the technology company’s stock.

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.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, February 21st. The technology company reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.03. Tyler Technologies had a return on equity of 12.81% and a net margin of 16.34%. The company had revenue of $217.85 million for the quarter, compared to the consensus estimate of $220.56 million. During the same quarter last year, the business posted $0.90 EPS. Tyler Technologies’s revenue for the quarter was up 12.7% on a year-over-year basis. equities research analysts anticipate that Tyler Technologies will post 3.28 earnings per share for the current year.

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.

Analyst Recommendations for Tyler Technologies (NYSE:TYL)

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