Shares of Tyler Technologies, Inc. (NYSE:TYL) have earned an average recommendation of “Buy” from the eleven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $237.29.
Several equities research analysts have recently weighed in on the company. TheStreet upgraded Tyler Technologies from a “c+” rating to a “b-” rating in a report on Friday, February 15th. ValuEngine upgraded Tyler Technologies from a “hold” rating to a “buy” rating in a report on Monday, April 29th. Northcoast Research assumed coverage on Tyler Technologies in a report on Thursday, March 28th. They set a “buy” rating and a $250.00 price objective on the stock. KeyCorp restated a “hold” rating on shares of Tyler Technologies in a report on Thursday, February 21st. Finally, Northland Securities restated a “buy” rating and set a $240.00 price objective on shares of Tyler Technologies in a report on Friday, February 22nd.
Shares of NYSE TYL traded up $4.25 during midday trading on Thursday, hitting $217.13. The company’s stock had a trading volume of 142,129 shares, compared to its average volume of 271,076. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.00 and a current ratio of 1.00. Tyler Technologies has a 12-month low of $173.26 and a 12-month high of $252.47. The company has a market cap of $8.19 billion, a price-to-earnings ratio of 58.06 and a beta of 0.95.
Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.95 earnings per share for the quarter, hitting the consensus estimate of $0.95. Tyler Technologies had a return on equity of 11.28% and a net margin of 14.23%. The firm had revenue of $247.10 million for the quarter, compared to the consensus estimate of $251.75 million. During the same period in the prior year, the business posted $1.13 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. Sell-side analysts predict that Tyler Technologies will post 4.16 earnings per share for the current year.
In other Tyler Technologies news, insider John S. Marr, Jr. sold 30,000 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $200.84, for a total transaction of $6,025,200.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman John S. Marr, Jr. sold 10,000 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $201.26, for a total value of $2,012,600.00. The disclosure for this sale can be found here. Insiders have sold a total of 52,143 shares of company stock worth $10,623,160 over the last 90 days. 4.40% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Dock Street Asset Management Inc. bought a new stake in Tyler Technologies during the 4th quarter valued at $557,000. Rhumbline Advisers raised its stake in Tyler Technologies by 32.8% in the 4th quarter. Rhumbline Advisers now owns 113,901 shares of the technology company’s stock worth $21,165,000 after acquiring an additional 28,132 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Tyler Technologies by 28.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 211,568 shares of the technology company’s stock worth $39,313,000 after acquiring an additional 46,379 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Tyler Technologies by 2.1% in the 4th quarter. State of Alaska Department of Revenue now owns 4,709 shares of the technology company’s stock worth $875,000 after acquiring an additional 97 shares during the last quarter. Finally, Texas Permanent School Fund raised its stake in Tyler Technologies by 4.5% in the 4th quarter. Texas Permanent School Fund now owns 25,405 shares of the technology company’s stock worth $4,721,000 after acquiring an additional 1,086 shares during the last quarter. 90.01% of the stock is currently 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 in the United States and internationally. The company operates in two segments, Enterprise Software, and Appraisal and Tax. It offers financial management solutions, including modular fund accounting systems for government agencies or not-for-profit entities; utility billing systems for the billing and collection of metered and non-metered services; products to automate city and county functions, such as municipal courts, parking tickets, equipment and project costing, animal and business licenses, permits and inspections, code enforcement, citizen complaint tracking, ambulance billing, fleet maintenance, and cemetery records management; and student information and transportation solutions for K-12 schools.
Receive News & Ratings for Tyler Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyler Technologies and related companies with MarketBeat.com's FREE daily email newsletter.