Tyler Technologies, Inc. (NYSE:TYL) has been assigned a consensus rating of “Buy” from the fourteen ratings firms that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $238.88.
Several analysts have recently weighed in on TYL shares. ValuEngine raised shares of Tyler Technologies from a “hold” rating to a “buy” rating in a research note on Friday, December 21st. DA Davidson raised shares of Tyler Technologies from a “neutral” rating to a “buy” rating in a research note on Friday, December 21st. Zacks Investment Research raised shares of Tyler Technologies from a “hold” rating to a “buy” rating and set a $236.00 price objective for the company in a research note on Saturday, October 27th. TheStreet downgraded shares of Tyler Technologies from a “b” rating to a “c+” rating in a research note on Thursday, November 1st. Finally, KeyCorp reissued a “hold” rating on shares of Tyler Technologies in a research note on Friday, November 2nd.
In other Tyler Technologies news, Director Luther King, Jr. sold 275 shares of Tyler Technologies stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $193.29, for a total value of $53,154.75. Following the transaction, the director now directly owns 72,864 shares of the company’s stock, valued at $14,083,882.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dustin R. Womble sold 20,000 shares of Tyler Technologies stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $190.66, for a total transaction of $3,813,200.00. Following the completion of the transaction, the director now directly owns 198,122 shares in the company, valued at $37,773,940.52. The disclosure for this sale can be found here. Insiders sold 27,775 shares of company stock valued at $5,263,305 in the last three months. 4.70% of the stock is currently owned by insiders.
Shares of Tyler Technologies stock traded up $0.75 on Friday, hitting $185.47. 7,537 shares of the company traded hands, compared to its average volume of 231,727. Tyler Technologies has a 52 week low of $173.26 and a 52 week high of $252.47. The company has a market capitalization of $7.09 billion, a PE ratio of 58.16, a P/E/G ratio of 4.02 and a beta of 0.83.
Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, October 31st. The technology company reported $1.23 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.23. Tyler Technologies had a net margin of 19.47% and a return on equity of 11.19%. The firm had revenue of $236.10 million during the quarter, compared to the consensus estimate of $240.98 million. During the same quarter in the previous year, the firm posted $1.05 earnings per share. The company’s revenue was up 10.0% on a year-over-year basis. As a group, research analysts expect that Tyler Technologies will post 3.79 earnings per share for the current year.
Tyler Technologies Company Profile
Tyler Technologies, Inc provides integrated information management solutions and services for the public sector in the United States and internationally. It operates through two segments, Enterprise Software, and Appraisal and Tax. The company's financial management solutions include modular fund accounting systems for government agencies or not-for-profit entities; and utility billing systems for the billing and collection of metered and non-metered services.
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