Tyler Technologies (NYSE:TYL) Price Target Increased to $550.00 by Analysts at BTIG Research

Tyler Technologies (NYSE:TYL) had its price target upped by BTIG Research from $515.00 to $550.00 in a research note issued to investors on Wednesday, Benzinga reports. BTIG Research currently has a buy rating on the technology company’s stock.

TYL has been the topic of several other research reports. DA Davidson boosted their price objective on Tyler Technologies from $412.00 to $434.00 and gave the company a neutral rating in a report on Thursday, February 22nd. Robert W. Baird raised their target price on shares of Tyler Technologies from $500.00 to $525.00 and gave the company an outperform rating in a report on Friday, April 26th. Needham & Company LLC boosted their price target on shares of Tyler Technologies from $500.00 to $600.00 and gave the stock a buy rating in a report on Tuesday, May 21st. JMP Securities restated a market outperform rating and issued a $490.00 price objective on shares of Tyler Technologies in a report on Friday, April 26th. Finally, JPMorgan Chase & Co. boosted their target price 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. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $519.09.

Tyler Technologies Stock Performance

NYSE TYL opened at $492.05 on Wednesday. The stock has a fifty day simple moving average of $443.38 and a 200-day simple moving average of $429.19. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.20. The stock has a market cap of $20.89 billion, a PE ratio of 111.32, a P/E/G ratio of 4.59 and a beta of 0.76. Tyler Technologies has a twelve month low of $361.16 and a twelve month high of $500.49.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, April 24th. The technology company reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.26. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. The business had revenue of $512.36 million during the quarter, compared to analysts’ expectations of $507.79 million. Equities analysts anticipate that Tyler Technologies will post 7.14 earnings per share for the current year.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,500 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $438.98, for a total value of $2,853,370.00. Following the transaction, the insider now directly owns 6,400 shares of the company’s stock, valued at approximately $2,809,472. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,500 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $438.98, for a total value of $2,853,370.00. Following the completion of the sale, the insider now owns 6,400 shares of the company’s stock, valued at $2,809,472. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 1,849 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $421.19, for a total transaction of $778,780.31. Following the sale, the chief executive officer now directly owns 79,502 shares in the company, valued at approximately $33,485,447.38. The disclosure for this sale can be found here. Insiders sold a total of 46,049 shares of company stock valued at $20,727,935 in the last ninety days. Insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TYL. Teacher Retirement System of Texas increased its position in Tyler Technologies by 2.5% during the third quarter. Teacher Retirement System of Texas now owns 3,246 shares of the technology company’s stock worth $1,253,000 after buying an additional 79 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Tyler Technologies by 4.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 3,460 shares of the technology company’s stock worth $1,336,000 after purchasing an additional 138 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Tyler Technologies by 7.6% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,205 shares of the technology company’s stock valued at $465,000 after buying an additional 85 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of Tyler Technologies during the third quarter valued at approximately $275,000. Finally, Column Capital Advisors LLC boosted its position in Tyler Technologies by 50.5% during the third quarter. Column Capital Advisors LLC now owns 146 shares of the technology company’s stock worth $56,000 after acquiring an additional 49 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

About Tyler Technologies

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.