Tyler Technologies (TYL) PT Raised to $260.00

Share on StockTwits

Tyler Technologies (NYSE:TYL) had its target price lifted by Piper Jaffray Companies from $242.00 to $260.00 in a research report report published on Monday morning. Piper Jaffray Companies currently has an overweight rating on the technology company’s stock.

A number of other equities analysts have also commented on the stock. Zacks Investment Research lowered shares of Tyler Technologies from a hold rating to a sell rating in a research report on Wednesday, May 9th. Northland Securities restated an outperform rating and issued a $240.00 price objective (up from $200.00) on shares of Tyler Technologies in a research report on Tuesday, April 24th. Needham & Company LLC raised their price objective on shares of Tyler Technologies from $235.00 to $250.00 and gave the company a buy rating in a research report on Tuesday, April 24th. Maxim Group restated a hold rating on shares of Tyler Technologies in a research report on Monday, April 23rd. Finally, DA Davidson raised their price objective on shares of Tyler Technologies from $190.00 to $200.00 and gave the company a neutral rating in a research report on Monday, April 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Tyler Technologies presently has an average rating of Buy and an average price target of $222.33.

Shares of Tyler Technologies opened at $220.68 on Monday, Marketbeat Ratings reports. The stock has a market cap of $8.53 billion, a price-to-earnings ratio of 69.40, a price-to-earnings-growth ratio of 5.86 and a beta of 0.90. Tyler Technologies has a twelve month low of $165.14 and a twelve month high of $240.35.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, May 2nd. The technology company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.01. Tyler Technologies had a net margin of 19.65% and a return on equity of 12.17%. The company had revenue of $221.20 million during the quarter, compared to analyst estimates of $219.37 million. During the same period last year, the business earned $0.91 earnings per share. Tyler Technologies’s revenue was up 10.8% compared to the same quarter last year. sell-side analysts expect that Tyler Technologies will post 3.81 EPS for the current fiscal year.

In other Tyler Technologies news, VP Brian K. Miller sold 5,000 shares of Tyler Technologies stock in a transaction that occurred on Wednesday, May 9th. The shares were sold at an average price of $227.38, for a total transaction of $1,136,900.00. Following the completion of the sale, the vice president now directly owns 55,186 shares in the company, valued at $12,548,192.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider H Lynn Moore, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction that occurred on Tuesday, May 8th. The shares were sold at an average price of $222.19, for a total transaction of $1,333,140.00. Following the sale, the insider now owns 61,335 shares of the company’s stock, valued at $13,628,023.65. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 182,829 shares of company stock valued at $42,407,722. 4.70% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in TYL. Ostrum Asset Management purchased a new position in shares of Tyler Technologies during the first quarter worth approximately $127,000. TLP Group LLC raised its stake in shares of Tyler Technologies by 941.9% during the first quarter. TLP Group LLC now owns 969 shares of the technology company’s stock worth $204,000 after acquiring an additional 876 shares in the last quarter. ETRADE Capital Management LLC purchased a new position in shares of Tyler Technologies during the first quarter worth approximately $205,000. S&CO Inc. purchased a new position in shares of Tyler Technologies during the first quarter worth approximately $211,000. Finally, Capital Advisors Inc. OK purchased a new position in shares of Tyler Technologies during the first quarter worth approximately $211,000. Institutional investors and hedge funds own 92.05% of the company’s stock.

Tyler Technologies Company Profile

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector in the United States and internationally. It operates through two segments, Enterprise Software, and Appraisal and Tax. The company's financial management solutions include modular fund accounting systems for government agencies or not-for-profit entities; and utility billing systems for the billing and collection of metered and non-metered services.

Analyst Recommendations for Tyler Technologies (NYSE:TYL)

Receive News & Ratings for Tyler Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyler Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply