Tyler Technologies Now Covered by Analysts at Maxim Group (TYL)
Equities researchers at Maxim Group began coverage on shares of Tyler Technologies (NYSE:TYL) in a research report issued on Thursday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $120.00 price target on the stock. Maxim Group’s price objective suggests a potential upside of 32.83% from the stock’s previous close.
TYL has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Tyler Technologies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 23rd. They now have a $99.00 price target 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. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $108.71.
Tyler Technologies (NYSE:TYL) opened at 90.34 on Thursday. Tyler Technologies has a 52 week low of $72.30 and a 52 week high of $107.99. The stock has a 50-day moving average of $90.68 and a 200-day moving average of $86.95. The company has a market cap of $2.967 billion and a price-to-earnings ratio of 66.81.
Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, July 23rd. The company reported $0.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.45 by $0.07. The company had revenue of $124.37 million for the quarter, compared to the consensus estimate of $117.55 million. During the same quarter last year, the company posted $0.36 earnings per share. Tyler Technologies’s revenue was up 20.6% compared to the same quarter last year. On average, analysts predict that Tyler Technologies will post $1.99 earnings per share for the current fiscal year.
In other Tyler Technologies news, CFO Brian K. Miller sold 16,898 shares of the stock on the open market in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $91.65, for a total transaction of $1,548,701.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
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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