Tyler Technologies Upgraded to “Outperform” at Zacks (TYL)
Tyler Technologies (NYSE:TYL) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Tuesday. The firm currently has a $92.80 target price on the stock. Zacks‘s price target indicates a potential upside of 3.46% from the stock’s previous close.
In other Tyler Technologies news, Director Michael D. Richards unloaded 13,334 shares of the company’s stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $80.46, for a total value of $1,072,853.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Tyler Technologies (NYSE:TYL) traded up 0.28% during mid-day trading on Tuesday, hitting $89.95. 130,956 shares of the company’s stock traded hands. Tyler Technologies has a 52-week low of $66.89 and a 52-week high of $107.99. The stock’s 50-day moving average is $80.64 and its 200-day moving average is $90.37. The company has a market cap of $2.969 billion and a P/E ratio of 74.13.
Tyler Technologies (NYSE:TYL) last released its earnings data on Wednesday, April 23rd. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.02. The company had revenue of $112.60 million for the quarter, compared to the consensus estimate of $110.04 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. Analysts expect that Tyler Technologies will post $1.87 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Dougherty & Co downgraded shares of Tyler Technologies from a “buy” rating to a “neutral” rating in a research note on Friday, May 30th. Analysts at William Blair upgraded shares of Tyler Technologies from a “market perform” rating to an “outperform” rating in a research note on Friday, April 25th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $94.23.
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.
To view Zacks’ full report, visit Zacks’ official website.
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