Tyler Technologies, Inc. (TYL) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Tyler Technologies, Inc. (NYSE:TYL) have been assigned an average rating of “Buy” from the nine analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $193.50.
Several research firms have recently commented on TYL. Zacks Investment Research downgraded Tyler Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. B. Riley downgraded Tyler Technologies from a “buy” rating to a “neutral” rating and set a $184.00 price objective for the company. in a report on Friday, October 27th. Piper Jaffray Companies restated a “buy” rating and set a $200.00 price objective on shares of Tyler Technologies in a report on Friday, October 27th. Maxim Group set a $197.00 price objective on Tyler Technologies and gave the company a “buy” rating in a report on Thursday, October 26th. Finally, Needham & Company LLC restated a “buy” rating on shares of Tyler Technologies in a report on Tuesday, October 24th.
In related news, VP Brian K. Miller sold 5,000 shares of Tyler Technologies stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $176.86, for a total transaction of $884,300.00. Following the transaction, the vice president now owns 55,694 shares of the company’s stock, valued at $9,850,040.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dustin R. Womble sold 8,100 shares of Tyler Technologies stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $172.15, for a total value of $1,394,415.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 352,207 shares of company stock worth $63,349,769. 10.30% of the stock is owned by insiders.
Shares of Tyler Technologies (NYSE TYL) opened at $177.05 on Monday. The company has a market capitalization of $6,651.41, a P/E ratio of 51.92 and a beta of 0.97. Tyler Technologies has a 1-year low of $142.40 and a 1-year high of $188.21.
Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, October 25th. The technology company reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.03. The firm had revenue of $214.15 million during the quarter, compared to the consensus estimate of $216.80 million. Tyler Technologies had a return on equity of 12.81% and a net margin of 16.34%. The company’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.94 earnings per share. equities analysts forecast that Tyler Technologies will post 3.28 earnings per share for the current fiscal year.
Tyler Technologies Company Profile
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.
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