Tyler Technologies, Inc. (NYSE:TYL) was downgraded by stock analysts at B.Riley Fbr Inc from a “buy” rating to a “neutral” rating in a report issued on Friday.

TYL has been the topic of a number of other research reports. Piper Jaffray Companies reissued a “buy” rating and issued a $200.00 price target on shares of Tyler Technologies in a report on Sunday, August 27th. Zacks Investment Research raised shares of Tyler Technologies from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. KeyCorp reissued a “buy” rating and issued a $180.00 price target on shares of Tyler Technologies in a report on Friday, October 6th. Citigroup Inc. started coverage on shares of Tyler Technologies in a report on Friday, September 22nd. They issued a “buy” rating and a $200.00 price target on the stock. Finally, Maxim Group set a $197.00 price target on shares of Tyler Technologies and gave the stock a “buy” rating in a report on Monday, July 17th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Tyler Technologies currently has an average rating of “Buy” and an average price target of $193.00.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, October 25th. The technology company reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.03. The firm had revenue of $214.15 million for the quarter, compared to analyst estimates of $216.80 million. Tyler Technologies had a net margin of 16.34% and a return on equity of 12.81%. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.94 EPS.

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In other Tyler Technologies news, Director Luther King, Jr. sold 1,500 shares of the firm’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $176.95, for a total value of $265,425.00. Following the sale, the director now owns 72,864 shares of the company’s stock, valued at approximately $12,893,284.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Larry D. Leinweber sold 19,021 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $170.18, for a total transaction of $3,236,993.78. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 208,857 shares of company stock worth $35,702,014. 10.30% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. Alps Advisors Inc. grew its holdings in Tyler Technologies by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 3,084 shares of the technology company’s stock worth $542,000 after acquiring an additional 8 shares during the last quarter. Boys Arnold & Co. Inc. grew its holdings in Tyler Technologies by 0.4% in the 3rd quarter. Boys Arnold & Co. Inc. now owns 3,013 shares of the technology company’s stock worth $516,000 after acquiring an additional 13 shares during the last quarter. Cue Financial Group Inc. grew its holdings in Tyler Technologies by 0.6% in the 2nd quarter. Cue Financial Group Inc. now owns 2,690 shares of the technology company’s stock worth $473,000 after acquiring an additional 15 shares during the last quarter. Commerce Bank grew its holdings in Tyler Technologies by 0.4% in the 2nd quarter. Commerce Bank now owns 6,115 shares of the technology company’s stock worth $1,020,000 after acquiring an additional 25 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Tyler Technologies by 0.6% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,925 shares of the technology company’s stock worth $865,000 after acquiring an additional 30 shares during the last quarter. 90.45% of the stock is currently owned by institutional investors and hedge funds.

About Tyler Technologies

Tyler Technologies, Inc is a provider of information management solutions and services for the public sector, with a focus on local governments. The Company operates through two segments: Enterprise Software (ES) segment and The Appraisal and Tax (A&T) segment. ES segment provides municipal and county governments and schools with software systems and services for information technology and automation needs that includes back-office functions, such as financial management, courts and justice processes, public safety, planning regulatory and maintenance, and land and vital records management.

Analyst Recommendations for Tyler Technologies (NYSE:TYL)

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