Tyler Technologies (NYSE:TYL) PT Raised to $500.00 at Oppenheimer

Tyler Technologies (NYSE:TYL) had its price objective upped by Oppenheimer from $480.00 to $500.00 in a report published on Friday morning, MarketBeat Ratings reports. They currently have an outperform rating on the technology company’s stock.

Other equities analysts also recently issued reports about the stock. JPMorgan Chase & Co. upped their price target on shares of Tyler Technologies from $500.00 to $526.00 and gave the stock an overweight rating in a research note on Thursday, February 15th. JMP Securities reissued a market outperform rating and issued a $490.00 target price on shares of Tyler Technologies in a report on Friday, February 16th. DA Davidson increased their target price on Tyler Technologies from $412.00 to $434.00 and gave the stock a neutral rating in a report on Thursday, February 22nd. Needham & Company LLC reissued a buy rating and set a $500.00 price target on shares of Tyler Technologies in a research note on Thursday. Finally, Piper Sandler reissued an overweight rating and issued a $520.00 target price on shares of Tyler Technologies in a research note on Wednesday. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $465.85.

Tyler Technologies Trading Up 0.6 %

TYL stock opened at $460.74 on Friday. Tyler Technologies has a 52-week low of $361.16 and a 52-week high of $465.78. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 0.20. The firm has a market cap of $19.56 billion, a P/E ratio of 104.24, a PEG ratio of 4.51 and a beta of 0.81. The company’s 50-day simple moving average is $423.02 and its 200-day simple moving average is $415.30.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, February 14th. The technology company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. The business had revenue of $480.94 million during the quarter, compared to analysts’ expectations of $483.34 million. As a group, equities analysts forecast that Tyler Technologies will post 6.77 EPS for the current fiscal year.

Insider Buying and Selling

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,500 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $427.82, for a total value of $2,780,830.00. Following the sale, the insider now owns 6,400 shares in the company, valued at approximately $2,738,048. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,500 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $427.82, for a total transaction of $2,780,830.00. Following the completion of the sale, the insider now directly owns 6,400 shares in the company, valued at approximately $2,738,048. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 1,849 shares of Tyler Technologies stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $421.19, for a total value of $778,780.31. Following the completion of the transaction, the chief executive officer now directly owns 79,502 shares of the company’s stock, valued at $33,485,447.38. The disclosure for this sale can be found here. Insiders have sold a total of 50,608 shares of company stock worth $21,974,819 in the last ninety days. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Tyler Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Kapitalo Investimentos Ltda purchased a new position in Tyler Technologies during the 4th quarter worth $26,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Tyler Technologies in the 4th quarter worth about $31,000. Headlands Technologies LLC bought a new position in shares of Tyler Technologies during the 4th quarter worth approximately $40,000. Lindbrook Capital LLC boosted its stake in shares of Tyler Technologies by 50.6% in the 4th quarter. Lindbrook Capital LLC now owns 116 shares of the technology company’s stock worth $49,000 after buying an additional 39 shares during the last quarter. Finally, Chilton Capital Management LLC bought a new position in Tyler Technologies in the 4th quarter valued at $52,000. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Company Profile

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.