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.

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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.

Analyst Recommendations for Tyler Technologies (NYSE:TYL)

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