Tyler Technologies Receives Consensus Rating of “Buy” from Brokerages (NYSE:TYL)
Tyler Technologies (NYSE:TYL) has received an average recommendation of “Buy” from the ten analysts that are currently covering the stock, Analyst Ratings Network reports. Four analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $108.71.
A number of research firms have recently commented on TYL. 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. 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.
Tyler Technologies (NYSE:TYL) opened at 89.06 on Tuesday. Tyler Technologies has a 1-year low of $74.37 and a 1-year high of $107.99. The stock’s 50-day moving average is $90.34 and its 200-day moving average is $86.68. The company has a market cap of $2.925 billion and a P/E ratio of 64.75.
Tyler Technologies (NYSE:TYL) last posted its quarterly 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, CEO John S. Marr, Jr. sold 50,000 shares of the stock on the open market in a transaction dated Friday, August 22nd. The stock was sold at an average price of $90.72, for a total transaction of $4,536,000.00. 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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