Tyler Technologies’ (TYL) Buy Rating Reiterated at Northland Securities
Northland Securities reiterated their buy rating on shares of Tyler Technologies, Inc. (NYSE:TYL) in a report issued on Thursday morning. The firm currently has a $200.00 target price on the technology company’s stock.
Other equities analysts have also recently issued reports about the company. B. Riley reaffirmed a buy rating and issued a $184.00 price objective on shares of Tyler Technologies in a report on Friday, July 28th. BidaskClub cut Tyler Technologies from a strong-buy rating to a buy rating in a report on Monday, July 31st. Zacks Investment Research cut Tyler Technologies from a strong-buy rating to a hold rating in a report on Thursday, July 13th. Maxim Group set a $197.00 price objective on Tyler Technologies and gave the company a buy rating in a report on Thursday, July 27th. Finally, Piper Jaffray Companies reaffirmed a buy rating and issued a $200.00 price objective on shares of Tyler Technologies in a report on Sunday, August 27th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Tyler Technologies presently has a consensus rating of Buy and an average price target of $195.29.
Shares of Tyler Technologies (NYSE TYL) opened at 173.40 on Thursday. Tyler Technologies has a 12 month low of $139.61 and a 12 month high of $182.49. The company has a market capitalization of $6.47 billion, a PE ratio of 51.95 and a beta of 0.95. The firm has a 50-day moving average price of $170.29 and a 200-day moving average price of $166.78.
Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.03). The company had revenue of $209.12 million during the quarter, compared to analyst estimates of $210.67 million. Tyler Technologies had a net margin of 14.73% and a return on equity of 13.02%. Tyler Technologies’s revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.86 earnings per share. On average, equities research analysts predict that Tyler Technologies will post $3.87 EPS for the current year.
WARNING: This piece was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.watchlistnews.com/tyler-technologies-tyl-buy-rating-reiterated-at-northland-securities/1584087.html.
In other news, President H Lynn Moore, Jr. sold 12,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $170.13, for a total transaction of $2,041,560.00. Following the completion of the transaction, the president now owns 67,257 shares of the company’s stock, valued at approximately $11,442,433.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Brian K. Miller sold 9,760 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $169.01, for a total value of $1,649,537.60. Following the transaction, the vice president now directly owns 53,194 shares of the company’s stock, valued at approximately $8,990,317.94. The disclosure for this sale can be found here. Insiders have sold a total of 279,357 shares of company stock valued at $47,777,389 in the last three months. 10.30% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the company. YHB Investment Advisors Inc. acquired a new position in shares of Tyler Technologies during the 2nd quarter worth $209,000. Lakeview Capital Partners LLC acquired a new position in shares of Tyler Technologies during the 2nd quarter worth $211,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Tyler Technologies by 32.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,298 shares of the technology company’s stock worth $201,000 after buying an additional 317 shares in the last quarter. D.A. Davidson & CO. raised its holdings in shares of Tyler Technologies by 13.3% during the 2nd quarter. D.A. Davidson & CO. now owns 1,391 shares of the technology company’s stock worth $244,000 after buying an additional 163 shares in the last quarter. Finally, Fiduciary Trust Co. acquired a new position in shares of Tyler Technologies during the 2nd quarter worth $250,000. 90.51% 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.
Receive News & Ratings for Tyler Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyler Technologies Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.