Tyler Technologies (NYSE:TYL) Rating Reiterated by Piper Sandler

Piper Sandler restated their overweight rating on shares of Tyler Technologies (NYSE:TYL) in a research note published on Wednesday morning, Benzinga reports. The brokerage currently has a $520.00 price objective on the technology company’s stock.

A number of other equities analysts also recently issued reports on the company. DA Davidson increased their target price on Tyler Technologies from $412.00 to $434.00 and gave the stock a neutral rating in a research note on Thursday, February 22nd. JMP Securities reiterated a market outperform rating and set a $490.00 target price on shares of Tyler Technologies in a report on Friday, February 16th. Needham & Company LLC increased their target price on Tyler Technologies from $475.00 to $500.00 and gave the company a buy rating in a report on Thursday, February 15th. Finally, JPMorgan Chase & Co. raised their price objective on Tyler Technologies from $500.00 to $526.00 and gave the stock an overweight rating in a report on Thursday, February 15th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $465.85.

Tyler Technologies Stock Up 0.6 %

Shares of NYSE TYL opened at $460.74 on Wednesday. The stock has a market cap of $19.55 billion, a PE ratio of 104.24, a price-to-earnings-growth ratio of 4.12 and a beta of 0.81. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.20. Tyler Technologies has a 52-week low of $361.16 and a 52-week high of $465.78. The business has a 50-day moving average price of $422.62 and a 200 day moving average price of $414.83.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.33 by $0.06. The firm had revenue of $480.94 million during the quarter, compared to the consensus estimate of $483.34 million. Tyler Technologies had a return on equity of 9.49% and a net margin of 9.50%. Equities research analysts forecast that Tyler Technologies will post 6.77 earnings per share for the current year.

Insider Activity at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 6,500 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $427.82, for a total value of $2,780,830.00. Following the completion of the sale, the insider now owns 6,400 shares in the company, valued at $2,738,048. The transaction was disclosed in a filing with the SEC, which can be accessed 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 dated Tuesday, March 12th. The shares were sold at an average price of $427.82, for a total transaction of $2,780,830.00. Following the completion of the transaction, the insider now owns 6,400 shares in the company, valued at $2,738,048. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Glenn A. Carter sold 1,650 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $437.84, for a total transaction of $722,436.00. Following the sale, the director now directly owns 2,011 shares of the company’s stock, valued at approximately $880,496.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,608 shares of company stock worth $21,974,819. Company insiders own 2.20% of the company’s stock.

Institutional Trading of Tyler Technologies

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