Tyler Technologies (NYSE:TYL) Sets New 1-Year High at $505.37

Tyler Technologies, Inc. (NYSE:TYL) hit a new 52-week high during trading on Friday . The stock traded as high as $505.37 and last traded at $505.37, with a volume of 15852 shares traded. The stock had previously closed at $493.81.

Analyst Ratings Changes

A number of analysts recently weighed in on TYL shares. JMP Securities restated a “market outperform” rating and issued a $490.00 target price on shares of Tyler Technologies in a research report on Friday, April 26th. Truist Financial restated a “buy” rating and issued a $560.00 target price (up previously from $510.00) on shares of Tyler Technologies in a research report on Thursday, May 23rd. Loop Capital boosted their target price on Tyler Technologies from $485.00 to $530.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Robert W. Baird boosted their target price on Tyler Technologies from $500.00 to $525.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Finally, Needham & Company LLC boosted their target price on Tyler Technologies from $500.00 to $600.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Tyler Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $519.09.

Tyler Technologies Stock Performance

The stock has a market capitalization of $21.35 billion, a PE ratio of 113.75, a PEG ratio of 4.64 and a beta of 0.74. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.94 and a quick ratio of 0.94. The business has a 50 day moving average price of $476.60 and a 200 day moving average price of $441.59.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, April 24th. The technology company reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.26. The firm had revenue of $512.36 million for the quarter, compared to the consensus estimate of $507.79 million. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. As a group, equities research analysts expect that Tyler Technologies, Inc. will post 7.1 earnings per share for the current year.

Insider Activity

In other news, Director Brenda A. Cline sold 5,000 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $458.83, for a total transaction of $2,294,150.00. Following the transaction, the director now directly owns 1,358 shares of the company’s stock, valued at $623,091.14. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $483.21, for a total value of $2,899,260.00. Following the transaction, the insider now owns 6,983 shares of the company’s stock, valued at $3,374,255.43. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Brenda A. Cline sold 5,000 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $458.83, for a total value of $2,294,150.00. Following the completion of the transaction, the director now directly owns 1,358 shares in the company, valued at approximately $623,091.14. The disclosure for this sale can be found here. Insiders have sold a total of 26,241 shares of company stock valued at $12,495,890 over the last ninety days. 2.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC lifted its holdings in Tyler Technologies by 41,712.0% in the fourth quarter. International Assets Investment Management LLC now owns 52,265 shares of the technology company’s stock valued at $21,853,000 after acquiring an additional 52,140 shares during the period. Rafferty Asset Management LLC raised its stake in shares of Tyler Technologies by 26.8% in the fourth quarter. Rafferty Asset Management LLC now owns 13,972 shares of the technology company’s stock worth $5,842,000 after buying an additional 2,951 shares during the period. APG Asset Management US Inc. bought a new position in shares of Tyler Technologies in the fourth quarter worth about $57,493,000. Raymond James Trust N.A. raised its stake in shares of Tyler Technologies by 4.9% in the fourth quarter. Raymond James Trust N.A. now owns 1,515 shares of the technology company’s stock worth $633,000 after buying an additional 71 shares during the period. Finally, Nordea Investment Management AB raised its stake in shares of Tyler Technologies by 4.6% in the fourth quarter. Nordea Investment Management AB now owns 2,600 shares of the technology company’s stock worth $1,091,000 after buying an additional 115 shares during the period. Institutional investors own 93.30% of the company’s stock.

About Tyler Technologies

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. It operates in two segments, Enterprise Software and Platform Technologies. The company offers platform and transformative technology solutions, including cybersecurity for government agencies; data and insights solutions; digital solutions that helps workers and policymakers to share, communicate, and leverage data; payments solutions, such as billing, presentment, merchant onboarding, collections, reconciliation, and disbursements; platform technologies, an application development platform that enables government workers to build solutions and applications; and outdoor recreation solutions, including campsite reservations, activity registrations, licensing sales and renewals, and real-time data for conservation and park management.