Tyler Technologies, Inc. (TYL) Receives $238.88 Consensus Target Price from Brokerages

Shares of Tyler Technologies, Inc. (NYSE:TYL) have been given an average recommendation of “Hold” by the fourteen research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $240.11.

Several brokerages have weighed in on TYL. TheStreet raised Tyler Technologies from a “c+” rating to a “b-” rating in a report on Friday, February 15th. Northcoast Research began coverage on Tyler Technologies in a report on Thursday. They issued a “buy” rating and a $250.00 price target for the company. Zacks Investment Research raised Tyler Technologies from a “sell” rating to a “hold” rating in a report on Friday, December 7th. KeyCorp reissued a “hold” rating on shares of Tyler Technologies in a report on Monday, March 25th. Finally, ValuEngine downgraded Tyler Technologies from a “buy” rating to a “hold” rating in a report on Friday, February 22nd.

NYSE TYL traded down $0.07 during trading on Wednesday, hitting $204.40. The company’s stock had a trading volume of 209,857 shares, compared to its average volume of 317,009. The company has a market cap of $7.83 billion, a PE ratio of 54.65, a P/E/G ratio of 4.90 and a beta of 0.92. Tyler Technologies has a fifty-two week low of $173.26 and a fifty-two week high of $252.47.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, February 20th. The technology company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.29. The business had revenue of $242.00 million during the quarter, compared to the consensus estimate of $244.65 million. Tyler Technologies had a return on equity of 11.28% and a net margin of 15.74%. The company’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the company earned $1.07 earnings per share. On average, analysts expect that Tyler Technologies will post 4.17 EPS for the current year.

In other news, Chairman John S. Marr, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $201.26, for a total value of $2,012,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dustin R. Womble sold 3,676 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $206.87, for a total value of $760,454.12. Following the completion of the transaction, the director now owns 181,798 shares of the company’s stock, valued at $37,608,552.26. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,676 shares of company stock valued at $8,798,254. Company insiders own 4.70% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its position in Tyler Technologies by 17.0% during the third quarter. Janney Montgomery Scott LLC now owns 2,870 shares of the technology company’s stock valued at $703,000 after acquiring an additional 416 shares in the last quarter. JPMorgan Chase & Co. raised its position in Tyler Technologies by 5.6% during the third quarter. JPMorgan Chase & Co. now owns 1,248,274 shares of the technology company’s stock valued at $305,901,000 after acquiring an additional 65,928 shares in the last quarter. Swiss National Bank raised its position in Tyler Technologies by 1.3% during the third quarter. Swiss National Bank now owns 63,458 shares of the technology company’s stock valued at $15,551,000 after acquiring an additional 800 shares in the last quarter. AXA raised its position in Tyler Technologies by 40.3% during the third quarter. AXA now owns 16,019 shares of the technology company’s stock valued at $3,926,000 after acquiring an additional 4,602 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Tyler Technologies by 3.7% during the third quarter. Bank of New York Mellon Corp now owns 476,999 shares of the technology company’s stock valued at $116,894,000 after acquiring an additional 17,190 shares in the last quarter. Hedge funds and other institutional investors own 90.65% of the company’s stock.

Tyler Technologies Company Profile

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector in the United States and internationally. The company operates in two segments, Enterprise Software, and Appraisal and Tax. It offers financial management solutions, including modular fund accounting systems for government agencies or not-for-profit entities; utility billing systems for the billing and collection of metered and non-metered services; products to automate city and county functions, such as municipal courts, parking tickets, equipment and project costing, animal and business licenses, permits and inspections, code enforcement, citizen complaint tracking, ambulance billing, fleet maintenance, and cemetery records management; and student information and transportation solutions for K-12 schools.

Recommended Story: How to Track your Portfolio in Google Finance

Analyst Recommendations for Tyler Technologies (NYSE:TYL)

Receive News & Ratings for Tyler Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyler Technologies and related companies with MarketBeat.com's FREE daily email newsletter.