Tyler Technologies, Inc. (NYSE:TYL) Receives $643.77 Consensus Price Target from Analysts

Shares of Tyler Technologies, Inc. (NYSE:TYL) have earned a consensus rating of “Moderate Buy” from the fourteen research firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $645.69.

A number of analysts have issued reports on TYL shares. Needham & Company LLC reissued a “buy” rating and issued a $700.00 price target on shares of Tyler Technologies in a research note on Tuesday, January 21st. Barclays raised their target price on shares of Tyler Technologies from $700.00 to $705.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. JMP Securities upped their price target on shares of Tyler Technologies from $580.00 to $700.00 and gave the stock a “market outperform” rating in a research report on Friday, October 25th. Oppenheimer increased their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, DA Davidson reissued a “neutral” rating and set a $575.00 price objective on shares of Tyler Technologies in a research note on Thursday.

Tyler Technologies Trading Up 0.5 %

Shares of Tyler Technologies stock opened at $602.04 on Friday. Tyler Technologies has a fifty-two week low of $397.80 and a fifty-two week high of $638.56. The business’s fifty day moving average is $598.48 and its two-hundred day moving average is $589.28. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18. The firm has a market cap of $25.77 billion, a PE ratio of 109.86, a P/E/G ratio of 4.72 and a beta of 0.78.

Insider Activity

In other Tyler Technologies news, CFO Brian K. Miller sold 6,752 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $613.75, for a total value of $4,144,040.00. Following the completion of the transaction, the chief financial officer now owns 11,918 shares in the company, valued at $7,314,672.50. This represents a 36.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John S. Marr, Jr. sold 12,000 shares of Tyler Technologies stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the sale, the insider now owns 6,983 shares in the company, valued at $4,285,187.78. This represents a 63.21 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,252 shares of company stock worth $26,096,928. 2.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Tyler Technologies

A number of institutional investors have recently added to or reduced their stakes in TYL. Geode Capital Management LLC increased its position in shares of Tyler Technologies by 2.2% during the third quarter. Geode Capital Management LLC now owns 1,108,908 shares of the technology company’s stock worth $645,585,000 after acquiring an additional 24,284 shares during the last quarter. Franklin Resources Inc. increased its holdings in Tyler Technologies by 2.0% during the 3rd quarter. Franklin Resources Inc. now owns 912,746 shares of the technology company’s stock worth $547,354,000 after purchasing an additional 17,943 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Tyler Technologies by 4.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 904,175 shares of the technology company’s stock valued at $527,785,000 after purchasing an additional 36,066 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Tyler Technologies by 1,991.8% during the 4th quarter. Van ECK Associates Corp now owns 550,580 shares of the technology company’s stock valued at $317,486,000 after buying an additional 524,259 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Tyler Technologies by 148.2% during the third quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company’s stock worth $269,369,000 after buying an additional 275,511 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

About Tyler Technologies

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.