Maxim Group Analysts Give Tyler Technologies, Inc. (TYL) a $197.00 Price Target
Several other analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Tyler Technologies from a hold rating to a strong-buy rating and set a $201.00 price target on the stock in a report on Thursday, June 29th. B. Riley reaffirmed a buy rating and issued a $184.00 price target on shares of Tyler Technologies in a report on Sunday, May 14th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $187.17.
Shares of Tyler Technologies (NYSE TYL) traded down 0.32% on Thursday, reaching $169.42. 16,019 shares of the company were exchanged. The stock has a 50 day moving average of $173.55 and a 200-day moving average of $161.73. Tyler Technologies has a 52-week low of $139.61 and a 52-week high of $182.49. The company has a market capitalization of $6.32 billion, a P/E ratio of 50.75 and a beta of 0.96.
Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by $0.03. Tyler Technologies had a net margin of 14.73% and a return on equity of 13.02%. The business had revenue of $209.12 million during the quarter, compared to analysts’ expectations of $210.67 million. During the same period last year, the company earned $0.86 EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, analysts predict that Tyler Technologies will post $3.87 EPS for the current fiscal year.
In related news, Director Larry D. Leinweber sold 84,000 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $165.51, for a total transaction of $13,902,840.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Larry D. Leinweber sold 41,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $165.73, for a total transaction of $6,794,930.00. The disclosure for this sale can be found here. Insiders have sold 355,147 shares of company stock valued at $59,731,750 in the last ninety days. 10.30% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Personal Capital Advisors Corp raised its stake in Tyler Technologies by 13.9% in the first quarter. Personal Capital Advisors Corp now owns 97,470 shares of the technology company’s stock valued at $15,107,000 after buying an additional 11,862 shares during the last quarter. NBW Capital LLC raised its stake in Tyler Technologies by 27.9% in the first quarter. NBW Capital LLC now owns 33,380 shares of the technology company’s stock valued at $5,159,000 after buying an additional 7,278 shares during the last quarter. Retirement Systems of Alabama raised its stake in Tyler Technologies by 0.5% in the first quarter. Retirement Systems of Alabama now owns 43,266 shares of the technology company’s stock valued at $6,687,000 after buying an additional 226 shares during the last quarter. Conestoga Capital Advisors LLC raised its stake in Tyler Technologies by 2.0% in the first quarter. Conestoga Capital Advisors LLC now owns 213,308 shares of the technology company’s stock valued at $32,969,000 after buying an additional 4,115 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in Tyler Technologies by 3.7% in the first quarter. Louisiana State Employees Retirement System now owns 8,500 shares of the technology company’s stock valued at $1,314,000 after buying an additional 300 shares during the last quarter. 90.31% of the stock is owned by institutional investors.
Tyler Technologies Company Profile
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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