Tyler Technologies Receives Consensus Recommendation of “Buy” from Analysts (NYSE:TYL)
Tyler Technologies (NYSE:TYL) has earned a consensus recommendation of “Buy” from the ten analysts that are presently covering the company, Analyst Ratings.Net reports. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $108.71.
Tyler Technologies (NYSE:TYL) opened at 90.07 on Tuesday. 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 $90.43 and a 200-day moving average of $86.66. The company has a market cap of $2.959 billion and a price-to-earnings ratio of 65.74.
Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.52 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up 20.6% on a year-over-year basis. Analysts expect that Tyler Technologies will post $1.99 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Maxim Group initiated coverage on shares of Tyler Technologies in a research note on Thursday, August 21st. They set a “buy” rating and a $120.00 price target on the stock. Separately, 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. Finally, 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.
In other Tyler Technologies news, CEO John S. Marr, Jr. sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $90.72, for a total transaction of $4,536,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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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