Tyler Technologies, Inc. (NYSE: TYL) has been evaluated by several equities analysts with a “Moderate Buy” rating and a consensus price target of $433.62. The company provides integrated technology and management solutions and services for the public sector, particularly local governments. Tyler Technologies operates through two segments: Enterprise Software and Appraisal and Tax. The company’s shares currently trade at $329.48, with a market capitalization of $13.78 billion. Additionally, Tyler Technologies has a PE ratio of 85.14 and a beta of 0.81. The company has a quick ratio of 0.95, a current ratio of 0.95, and a debt-to-equity ratio of 0.36. Tyler Technologies’ stock price has been affected by several rating reductions from notable equities analysts. Meanwhile, MarketBeat.com offers a FREE daily email newsletter that provides a concise summary of the latest news and analysts’ ratings for Tyler Technologies and related companies.
Yousif Capital Management LLC Increases Stock Position in Tyler Technologies, Inc. (NYSE:TYL).
Yousif Capital Management LLC has increased its stock position in Tyler Technologies, Inc. (NYSE:TYL) by 4.2% during the fourth quarter, according to the company’s most recent Form 13F filing. Several other institutional investors and hedge funds have also recently made changes to their positions in TYL, with hedge funds and other institutional investors owning 89.45% of the company’s stock.
Institutional Investors Changes
Private Trust Co. NA has recently purchased a new stake in Tyler Technologies’ shares valued at approximately $32,000 during the second quarter. Logan Capital Management Inc. raised its holdings in the technology company’s shares by 2,360.0% during the third quarter, which now equates to 123 shares valued at $43,000 after purchasing an additional 118 shares. Additionally, Ronald Blue Trust Inc. has recently purchased a new stake in Tyler Technologies’ shares valued at around $54,000 during the second quarter, while Itau Unibanco Holding S.A. purchased a new stake in the third quarter valued at approximately $56,000. Lastly, Dupont Capital Management Corp also purchased a new stake in Tyler Technologies’ shares in the third quarter valued at about $61,000.
Director’s Sales
In other news, Tyler Technologies’ Director, Daniel M. Pope, sold 1,775 shares of the stock on Friday, March 10th, for an average price of $315.83, with a total value of $560,598.25. Following the sale, the director now directly owns 5,739 shares of the company’s stock, which is valued at $1,812,548.37. Director Glenn A. Carter also sold 1,000 shares of the stock on Tuesday, March 14th, for an average price of $322.73, for a total value of $322,730.00. Following the sale, the director now directly owns 1,287 shares of the company’s stock valued at $415,353.51. Insiders sold 18,898 shares of the company’s stock worth $6,195,979 over the last quarter. Currently, 2.00% of the company’s stock is owned by insiders.
Analyst Ratings Changes
There is no information on analyst ratings changes provided in the original text.
Tyler Technologies, Inc. (NYSE:TYL) has recently been evaluated by several equities analysts. JMP Securities reduced their price target on shares of Tyler Technologies from $465.00 to $415.00 in a research report on Friday, February 17th. Robert W. Baird also reduced their price target on shares of Tyler Technologies from $460.00 to $440.00 and set an “outperform” rating for the company in a research report on Tuesday, December 13th. Credit Suisse Group, on the other hand, reduced their price target on shares of Tyler Technologies from $375.00 to $370.00 and set a “neutral” rating for the company in a research report on Tuesday, February 21st. Finally, Barclays reduced their price target on shares of Tyler Technologies from $365.00 to $350.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 11th. StockNews.com also started coverage on shares of Tyler Technologies and set a “hold” rating for the company in a research report on Thursday, March 16th. Out of the twelve equities research analysts that evaluated the stock, four rated it as a hold and eight rated it as a buy. The company currently has an average rating of “Moderate Buy” and a consensus price target of $433.62 according to MarketBeat.com.
Tyler Technologies Price Performance
Shares of TYL opened at $329.48 on Friday. The firm has a market capitalization of $13.78 billion, a PE ratio of 85.14, and a beta of 0.81. Tyler Technologies, Inc. has a twelve-month low of $281.11 and a twelve-month high of $453.03. The company has a 50-day moving average price of $325.71 and a two-hundred day moving average price of $329.90. The company also has a quick ratio of 0.95, a current ratio of 0.95, and a debt-to-equity ratio of 0.36.
About Tyler Technologies
Tyler Technologies, Inc. provides integrated technology and management solutions and services for the public sector, particularly local governments, with a focus on providing software systems to meet their information technology and automation needs for mission-critical back-office functions such as financial management, courts, and justice processes. The company operates through two segments: Enterprise Software and Appraisal and Tax.
Featured Stories
There are no featured stories provided in the original text.
Daily Summary of Tyler Technologies News & Ratings
Get a daily summary of the latest news and analysts’ ratings for Tyler Technologies and related companies with MarketBeat.com’s FREE daily email newsletter. Simply enter your email address below to start receiving updates.
Don’t miss interesting posts on Famousbio
