Tyler Technologies Inc. (NYSE:TYL) has received a consensus rating of “Buy” from the fifteen research firms that are covering the stock. Two equities research analysts have rated the stock with a hold rating and thirteen 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 $177.75.

A number of equities analysts have recently weighed in on TYL shares. Zacks Investment Research lowered shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, September 29th. Piper Jaffray Cos. started coverage on shares of Tyler Technologies in a research report on Monday, July 25th. They issued an “overweight” rating and a $200.00 price objective for the company. Pacific Crest reissued a “buy” rating and issued a $176.00 price objective on shares of Tyler Technologies in a research report on Friday, July 29th. Maxim Group boosted their price objective on shares of Tyler Technologies from $206.00 to $213.00 and gave the company a “buy” rating in a research report on Tuesday, October 25th. Finally, B. Riley reissued a “buy” rating and issued a $176.00 price objective on shares of Tyler Technologies in a research report on Friday, July 29th.

Tyler Technologies (NYSE:TYL) opened at 155.53 on Thursday. The stock has a market cap of $5.70 billion, a PE ratio of 89.69 and a beta of 1.15. Tyler Technologies has a 52-week low of $118.16 and a 52-week high of $184.01. The company’s 50 day moving average is $164.96 and its 200-day moving average is $160.98.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, October 26th. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. The company earned $197.80 million during the quarter, compared to analysts’ expectations of $50.33 million. Tyler Technologies had a net margin of 9.26% and a return on equity of 12.34%. The firm’s quarterly revenue was up 31.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 earnings per share. On average, equities analysts anticipate that Tyler Technologies will post $3.50 earnings per share for the current year.

In other news, Director Dustin R. Womble sold 25,000 shares of the company’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $169.26, for a total value of $4,231,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman John M. Yeaman sold 10,000 shares of the company’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $164.20, for a total transaction of $1,642,000.00. The disclosure for this sale can be found here. Company insiders own 12.00% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC increased its position in shares of Tyler Technologies by 5.1% in the first quarter. Geode Capital Management LLC now owns 212,497 shares of the company’s stock valued at $27,329,000 after buying an additional 10,249 shares during the period. Kennedy Capital Management Inc. purchased a new position in shares of Tyler Technologies during the first quarter valued at $1,113,000. Nuveen Asset Management LLC increased its position in shares of Tyler Technologies by 2.4% in the first quarter. Nuveen Asset Management LLC now owns 25,711 shares of the company’s stock valued at $3,307,000 after buying an additional 591 shares during the period. Metropolitan Life Insurance Co. NY increased its position in shares of Tyler Technologies by 2.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 52,429 shares of the company’s stock valued at $6,743,000 after buying an additional 1,321 shares during the period. Finally, Barclays PLC increased its position in shares of Tyler Technologies by 284.6% in the first quarter. Barclays PLC now owns 2,200 shares of the company’s stock valued at $282,000 after buying an additional 1,628 shares during the period. Institutional investors and hedge funds own 89.86% of the company’s stock.

About Tyler Technologies

Tyler Technologies, Inc is a provider of information management solutions and services for the public sector, with a focus on local governments. The Company provides professional information technology (IT) services to its clients, including software and hardware installation, data conversion, training and product modifications.

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