Tyler Technologies (NYSE:TYL) Price Target Raised to $728.00 at The Goldman Sachs Group

Tyler Technologies (NYSE:TYL) had its price target hoisted by The Goldman Sachs Group from $660.00 to $728.00 in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

A number of other equities research analysts have also issued reports on the stock. Barclays increased their price objective on shares of Tyler Technologies from $705.00 to $715.00 and gave the company an “overweight” rating in a report on Friday, February 14th. DA Davidson reaffirmed a “neutral” rating and set a $575.00 price objective on shares of Tyler Technologies in a report on Thursday, January 30th. Truist Financial reaffirmed a “buy” rating and set a $775.00 price objective (up from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Oppenheimer increased their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, Robert W. Baird raised their target price on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $676.25.

Tyler Technologies Trading Down 0.2 %

Tyler Technologies stock opened at $640.13 on Tuesday. The firm has a 50 day moving average of $596.62 and a 200 day moving average of $594.99. The firm has a market capitalization of $27.40 billion, a price-to-earnings ratio of 116.81, a P/E/G ratio of 4.78 and a beta of 0.78. Tyler Technologies has a 12-month low of $397.80 and a 12-month high of $661.31. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. As a group, research analysts predict that Tyler Technologies will post 7.36 earnings per share for the current year.

Insider Buying and Selling

In other news, insider John S. Marr, Jr. sold 6,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $633.55, for a total transaction of $3,801,300.00. Following the completion of the sale, the insider now directly owns 6,983 shares of the company’s stock, valued at approximately $4,424,079.65. The trade was a 46.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brian K. Miller sold 2,500 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $632.01, for a total transaction of $1,580,025.00. Following the sale, the chief financial officer now directly owns 12,198 shares of the company’s stock, valued at $7,709,257.98. This represents a 17.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,502 shares of company stock worth $18,941,368 over the last three months. 2.20% of the stock is owned by insiders.

Institutional Trading of Tyler Technologies

A number of large investors have recently made changes to their positions in TYL. Creative Planning boosted its stake in shares of Tyler Technologies by 2.9% during the third quarter. Creative Planning now owns 24,051 shares of the technology company’s stock valued at $14,039,000 after purchasing an additional 686 shares during the period. Blue Trust Inc. lifted its stake in Tyler Technologies by 432.9% in the third quarter. Blue Trust Inc. now owns 389 shares of the technology company’s stock worth $227,000 after acquiring an additional 316 shares during the period. Signaturefd LLC lifted its stake in Tyler Technologies by 19.7% in the third quarter. Signaturefd LLC now owns 627 shares of the technology company’s stock worth $366,000 after acquiring an additional 103 shares during the period. Greenleaf Trust purchased a new stake in Tyler Technologies in the third quarter worth about $249,000. Finally, Axecap Investments LLC bought a new position in Tyler Technologies in the third quarter worth about $1,943,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Company Profile

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.