Evercore ISI reiterated their buy rating on shares of Tyler Technologies (NYSE:TYL) in a research note published on Friday morning. Evercore ISI currently has a $210.00 target price on the technology company’s stock.
A number of other brokerages have also commented on TYL. Piper Jaffray Companies reiterated a buy rating and issued a $200.00 price objective on shares of Tyler Technologies in a research report on Friday, October 27th. Maxim Group set a $220.00 price target on Tyler Technologies and gave the stock a buy rating in a research report on Thursday, February 22nd. Zacks Investment Research lowered Tyler Technologies from a buy rating to a hold rating in a research report on Saturday, December 2nd. B. Riley lowered Tyler Technologies from a buy rating to a neutral rating and set a $184.00 price target on the stock. in a research report on Friday, October 27th. Finally, Needham & Company LLC restated a buy rating and issued a $235.00 price target on shares of Tyler Technologies in a research report on Friday. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and an average target price of $205.22.
Tyler Technologies (NYSE TYL) opened at $205.66 on Friday. The company has a market capitalization of $7,730.00, a price-to-earnings ratio of 49.20 and a beta of 1.00. Tyler Technologies has a 12-month low of $151.37 and a 12-month high of $208.67.
In other news, Director Larry D. Leinweber sold 64,612 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $180.85, for a total value of $11,685,080.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Brian K. Miller sold 12,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $179.75, for a total value of $2,157,000.00. Following the completion of the transaction, the chief financial officer now owns 56,694 shares in the company, valued at $10,190,746.50. The disclosure for this sale can be found here. Insiders sold a total of 234,147 shares of company stock worth $42,631,151 over the last 90 days. 10.30% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of TYL. Dimensional Fund Advisors LP lifted its holdings in Tyler Technologies by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 132,988 shares of the technology company’s stock worth $23,363,000 after acquiring an additional 2,000 shares in the last quarter. Nationwide Fund Advisors lifted its holdings in Tyler Technologies by 1.0% during the third quarter. Nationwide Fund Advisors now owns 370,470 shares of the technology company’s stock worth $64,580,000 after acquiring an additional 3,589 shares in the last quarter. First Trust Advisors LP lifted its holdings in Tyler Technologies by 836.3% during the third quarter. First Trust Advisors LP now owns 41,384 shares of the technology company’s stock worth $7,214,000 after acquiring an additional 36,964 shares in the last quarter. Aperio Group LLC lifted its holdings in Tyler Technologies by 13.5% during the third quarter. Aperio Group LLC now owns 9,982 shares of the technology company’s stock worth $1,740,000 after acquiring an additional 1,187 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in Tyler Technologies during the third quarter worth about $675,000. Hedge funds and other institutional investors own 94.30% of the company’s stock.
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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.
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