Tyler Technologies Inc. Reaches New 12-Month High at $88.85 (TYL)
Tyler Technologies (NYSE:TYL)’s share price reached a new 52-week high during trading on Tuesday, Stock Ratings Network.com reports. The stock traded as high as $88.85 and last traded at $88.52, with a volume of 115,170 shares traded. The stock had previously closed at $87.47.
A number of analysts have recently weighed in on TYL shares. Analysts at Benchmark Co. raised their price target on shares of Tyler Technologies (NYSE:TYL) from $83.00 to $96.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Zacks downgraded shares of Tyler Technologies (NYSE:TYL) from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, September 2nd. They now have a $81.40 price target on the stock. Finally, analysts at Evercore Partners initiated coverage on shares of Tyler Technologies (NYSE:TYL) in a research note to investors on Tuesday, August 13th. They set an “equal weight” rating and a $80.00 price target on the stock. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Tyler Technologies presently has an average rating of “Hold” and an average price target of $69.49.
Tyler Technologies has a 52 week low of $41.95 and a 52 week high of $89.40. The stock’s 50-day moving average is $79.17 and its 200-day moving average is $70.26. The company has a market cap of $2.847 billion and a price-to-earnings ratio of 78.31.
Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, July 24th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. The company had revenue of $103.10 million for the quarter, compared to the consensus estimate of $103.20 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, analysts predict that Tyler Technologies will post $1.48 earnings per share for the current fiscal year.
Tyler Technologies, Inc (NYSE:TYL) is a provider of integrated information management solutions and services for the public sector, with a focus on local governments.
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