Tyler Technologies Price Target Raised to $96.00 at Benchmark Co. (TYL)
Equities research analysts at Benchmark Co. boosted their price objective on shares of Tyler Technologies (NYSE:TYL) from $83.00 to $96.00 in a research note issued to investors on Tuesday, American Banking News reports. The firm currently has a “buy” rating on the stock. Benchmark Co.’s price objective would indicate a potential upside of 7.38% from the stock’s previous close.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Roth Capital raised their price target on shares of Tyler Technologies (NYSE:TYL) from $70.00 to $80.00 in a research note to investors on Thursday, July 25th. They now have a “neutral” rating on the stock. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $69.49.
Tyler Technologies (NYSE:TYL) traded up 2.21% on Tuesday, hitting $89.40. The stock had a trading volume of 191,290 shares. Tyler Technologies has a 1-year low of $41.95 and a 1-year high of $88.68. The stock’s 50-day moving average is $78.78 and its 200-day moving average is $70.0. The company has a market cap of $2.847 billion and a P/E ratio of 78.31.
Tyler Technologies (NYSE:TYL) last posted its quarterly 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. Analysts expect that Tyler Technologies will post $1.48 EPS 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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