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.

Several large investors have recently made changes to their positions in TYL. Schwab Charles Investment Management Inc. boosted its position in Tyler Technologies by 4.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 98,579 shares of the technology company’s stock worth $17,318,000 after purchasing an additional 4,508 shares during the last quarter. First Trust Advisors LP purchased a new position in Tyler Technologies in the second quarter worth $776,000. Legal & General Group Plc boosted its position in Tyler Technologies by 25.2% in the second quarter. Legal & General Group Plc now owns 26,654 shares of the technology company’s stock worth $4,682,000 after purchasing an additional 5,361 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in Tyler Technologies by 1.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 43,016 shares of the technology company’s stock worth $7,557,000 after purchasing an additional 680 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Tyler Technologies by 21.4% in the second quarter. Victory Capital Management Inc. now owns 10,229 shares of the technology company’s stock worth $1,797,000 after purchasing an additional 1,804 shares during the last quarter. 91.75% of the stock is currently owned by institutional investors.

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.

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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.

Analyst Recommendations for Tyler Technologies (NYSE:TYL)

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