Tyler Technologies Price Target Increased to $92.00 by Analysts at Evercore Partners (TYL)
Evercore Partners lifted their price target on shares of Tyler Technologies (NYSE:TYL) from $80.00 to $92.00 in a research note issued on Friday, AmericanBankingNews.com reports. The firm currently has an “equal weight” rating on the stock. Evercore Partners’ price objective indicates a potential downside of 7.24% from the company’s current price.
A number of other analysts have also recently weighed in on TYL. Analysts at Benchmark Co. raised their price target on shares of Tyler Technologies to $110.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at B. Riley raised their price target on shares of Tyler Technologies from $80.00 to $100.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Finally, analysts at Zacks reiterated a “hold” rating on shares of Tyler Technologies in a research note to investors on Thursday. They now have a $81.40 price target on the stock. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $81.84.
Tyler Technologies (NYSE:TYL) traded down 1.69% during mid-day trading on Friday, hitting $99.18. The stock had a trading volume of 267,501 shares. Tyler Technologies has a one year low of $41.19 and a one year high of $81.93. The stock’s 50-day moving average is $75.76 and its 200-day moving average is $67.74. The company has a market cap of $3.158 billion and a P/E ratio of 90.31.
Tyler Technologies (NYSE:TYL) last released its earnings data on Wednesday, October 23rd. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.39 by $0.03. The company had revenue of $107.00 million for the quarter, compared to the consensus estimate of $105.60 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue was up 14.1% on a year-over-year basis.
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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