Tyler Technologies, Inc. (NYSE:TYL) Receives Average Rating of “Buy” from Analysts

Shares of Tyler Technologies, Inc. (NYSE:TYL) have received a consensus recommendation of “Buy” from the ten research firms that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $233.50.

Several research firms have recently weighed in on TYL. Northcoast Research began coverage on Tyler Technologies in a research report on Thursday, March 28th. They set a “buy” rating and a $250.00 price objective for the company. KeyCorp reaffirmed a “hold” rating on shares of Tyler Technologies in a research report on Monday, March 25th. Zacks Investment Research upgraded SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Friday, July 5th. Northland Securities set a $11.00 target price on Lazydays and gave the stock a “buy” rating in a report on Friday, March 22nd. Finally, ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd.

NYSE:TYL traded up $0.74 on Friday, reaching $227.27. The company’s stock had a trading volume of 104,100 shares, compared to its average volume of 239,639. Tyler Technologies has a 1-year low of $173.26 and a 1-year high of $252.47. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.08. The stock has a market cap of $8.63 billion, a price-to-earnings ratio of 60.69 and a beta of 0.92. The stock’s 50-day moving average price is $218.40.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.95 earnings per share for the quarter, hitting the consensus estimate of $0.95. The company had revenue of $247.10 million during the quarter, compared to analysts’ expectations of $251.75 million. Tyler Technologies had a return on equity of 11.28% and a net margin of 14.23%. Tyler Technologies’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.13 earnings per share. As a group, equities research analysts forecast that Tyler Technologies will post 4.17 earnings per share for the current fiscal year.

In other Tyler Technologies news, VP Brian K. Miller sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $220.39, for a total value of $440,780.00. Following the sale, the vice president now owns 47,932 shares in the company, valued at $10,563,733.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Luther King, Jr. sold 967 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $217.70, for a total value of $210,515.90. Following the completion of the sale, the director now owns 77,864 shares in the company, valued at approximately $16,950,992.80. The disclosure for this sale can be found here. Insiders have sold 59,636 shares of company stock worth $13,101,345 in the last quarter. 4.40% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in TYL. Stephens Inc. AR raised its stake in Tyler Technologies by 3.4% in the fourth quarter. Stephens Inc. AR now owns 3,870 shares of the technology company’s stock valued at $719,000 after buying an additional 127 shares during the period. Commonwealth Equity Services LLC raised its stake in Tyler Technologies by 12.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,448 shares of the technology company’s stock valued at $454,000 after buying an additional 273 shares during the period. Advisor Group Inc. raised its stake in Tyler Technologies by 48.9% in the fourth quarter. Advisor Group Inc. now owns 4,674 shares of the technology company’s stock valued at $869,000 after buying an additional 1,535 shares during the period. State of Tennessee Treasury Department bought a new stake in Tyler Technologies in the fourth quarter valued at approximately $1,896,000. Finally, Freestone Capital Holdings LLC raised its stake in Tyler Technologies by 12.0% in the fourth quarter. Freestone Capital Holdings LLC now owns 1,674 shares of the technology company’s stock valued at $311,000 after buying an additional 180 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

About Tyler Technologies

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.

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Analyst Recommendations for Tyler Technologies (NYSE:TYL)

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