Tyler Technologies (NYSE:TYL) Price Target Raised to $625.00

Tyler Technologies (NYSE:TYL) had its price target upped by Oppenheimer from $550.00 to $625.00 in a research note published on Friday, Benzinga reports. They currently have an outperform rating on the technology company’s stock.

Several other equities analysts have also weighed in on the stock. BTIG Research increased their price objective on shares of Tyler Technologies from $515.00 to $550.00 and gave the company a buy rating in a research report on Wednesday, May 22nd. Barclays increased their price target on shares of Tyler Technologies from $473.00 to $515.00 and gave the company an equal weight rating in a report on Thursday, July 11th. Loop Capital boosted their price objective on Tyler Technologies from $485.00 to $530.00 and gave the stock a buy rating in a report on Tuesday, May 21st. Robert W. Baird increased their target price on Tyler Technologies from $500.00 to $525.00 and gave the stock an outperform rating in a research note on Friday, April 26th. Finally, Piper Sandler restated an overweight rating and issued a $520.00 price target on shares of Tyler Technologies in a research note on Wednesday, April 24th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Tyler Technologies presently has an average rating of Moderate Buy and a consensus price target of $582.31.

Tyler Technologies Trading Down 2.3 %

Tyler Technologies stock opened at $576.99 on Friday. The stock has a 50-day simple moving average of $501.04 and a 200 day simple moving average of $458.42. The stock has a market capitalization of $24.50 billion, a P/E ratio of 130.54, a PEG ratio of 6.06 and a beta of 0.76. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.94 and a current ratio of 1.06. Tyler Technologies has a 52 week low of $361.16 and a 52 week high of $593.50.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, July 24th. The technology company reported $2.40 EPS for the quarter, topping the consensus estimate of $2.34 by $0.06. Tyler Technologies had a return on equity of 9.66% and a net margin of 10.24%. The company had revenue of $540.98 million during the quarter, compared to the consensus estimate of $541.01 million. During the same period in the previous year, the company posted $1.53 EPS. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. Analysts expect that Tyler Technologies will post 6.5 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Brian K. Miller sold 2,671 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $465.03, for a total transaction of $1,242,095.13. Following the completion of the sale, the chief financial officer now owns 13,536 shares of the company’s stock, valued at $6,294,646.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Tyler Technologies news, CFO Brian K. Miller sold 800 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $479.28, for a total value of $383,424.00. Following the sale, the chief financial officer now owns 12,736 shares of the company’s stock, valued at approximately $6,104,110.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Brian K. Miller sold 2,671 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $465.03, for a total value of $1,242,095.13. Following the transaction, the chief financial officer now directly owns 13,536 shares of the company’s stock, valued at approximately $6,294,646.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,241 shares of company stock worth $10,201,740. Company insiders own 2.20% of the company’s stock.

Institutional Trading of Tyler Technologies

Several large investors have recently bought and sold shares of the business. Industrial Alliance Investment Management Inc. boosted its position in Tyler Technologies by 4.4% in the first quarter. Industrial Alliance Investment Management Inc. now owns 693 shares of the technology company’s stock valued at $295,000 after buying an additional 29 shares in the last quarter. Centered Wealth LLC dba Miller Equity Capital Advisors boosted its holdings in shares of Tyler Technologies by 0.8% during the 4th quarter. Centered Wealth LLC dba Miller Equity Capital Advisors now owns 3,920 shares of the technology company’s stock valued at $1,639,000 after acquiring an additional 30 shares in the last quarter. GW&K Investment Management LLC grew its position in Tyler Technologies by 0.3% during the 4th quarter. GW&K Investment Management LLC now owns 12,044 shares of the technology company’s stock worth $5,035,000 after acquiring an additional 31 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in Tyler Technologies by 5.2% in the 4th quarter. Avantax Advisory Services Inc. now owns 670 shares of the technology company’s stock worth $280,000 after purchasing an additional 33 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its position in Tyler Technologies by 3.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,044 shares of the technology company’s stock valued at $444,000 after purchasing an additional 33 shares during the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Tyler Technologies Company Profile

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.