Tyler Technologies (TYL) – Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Tyler Technologies (NYSE: TYL) in the last few weeks:

• 11/12/2024 – Tyler Technologies was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 11/4/2024 – Tyler Technologies was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/25/2024 – Tyler Technologies had its price target raised by analysts at Barclays PLC from $700.00 to $705.00. They now have an “overweight” rating on the stock.
• 10/25/2024 – Tyler Technologies had its price target raised by analysts at Piper Sandler from $625.00 to $701.00. They now have an “overweight” rating on the stock.
• 10/25/2024 – Tyler Technologies had its price target raised by analysts at Robert W. Baird from $625.00 to $700.00. They now have an “outperform” rating on the stock.
• 10/25/2024 – Tyler Technologies had its price target raised by analysts at Oppenheimer Holdings Inc. from $625.00 to $700.00. They now have an “outperform” rating on the stock.
• 10/25/2024 – Tyler Technologies had its price target raised by analysts at JMP Securities from $580.00 to $700.00. They now have a “market outperform” rating on the stock.
• 10/25/2024 – Tyler Technologies was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/25/2024 – Tyler Technologies had its “buy” rating reaffirmed by analysts at Truist Financial Co.. They now have a $685.00 price target on the stock, up previously from $600.00.
• 10/22/2024 – Tyler Technologies had its price target raised by analysts at Needham & Company LLC from $600.00 to $700.00. They now have a “buy” rating on the stock.
• 10/17/2024 – Tyler Technologies had its price target raised by analysts at DA Davidson from $525.00 to $550.00. They now have a “neutral” rating on the stock.
• 10/7/2024 – Tyler Technologies was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating. They now have a $700.00 price target on the stock, up previously from $577.00.

Tyler Technologies Price Performance

Shares of NYSE:TYL opened at $616.51 on Thursday. The stock’s 50 day moving average is $592.85 and its 200-day moving average is $545.06. Tyler Technologies, Inc. has a twelve month low of $397.80 and a twelve month high of $631.43. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $26.39 billion, a price-to-earnings ratio of 112.50, a PEG ratio of 5.59 and a beta of 0.77.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.09. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The firm had revenue of $543.34 million during the quarter, compared to analysts’ expectations of $547.34 million. During the same period last year, the company earned $1.66 earnings per share. The business’s revenue was up 9.8% on a year-over-year basis. Sell-side analysts forecast that Tyler Technologies, Inc. will post 7.39 EPS for the current fiscal year.

Insider Buying and Selling

In other Tyler Technologies news, insider John S. Marr, Jr. sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $578.94, for a total transaction of $2,894,700.00. Following the sale, the insider now owns 6,983 shares of the company’s stock, valued at $4,042,738.02. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Brian K. Miller sold 2,500 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $624.41, for a total value of $1,561,025.00. Following the completion of the sale, the chief financial officer now owns 11,950 shares of the company’s stock, valued at approximately $7,461,699.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John S. Marr, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $578.94, for a total value of $2,894,700.00. Following the completion of the transaction, the insider now owns 6,983 shares in the company, valued at approximately $4,042,738.02. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,600 shares of company stock valued at $19,307,295. 2.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Tyler Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Tyler Technologies by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 5,022,053 shares of the technology company’s stock worth $2,134,423,000 after acquiring an additional 53,005 shares in the last quarter. APG Asset Management N.V. lifted its holdings in shares of Tyler Technologies by 1.4% during the 2nd quarter. APG Asset Management N.V. now owns 1,507,062 shares of the technology company’s stock valued at $706,994,000 after buying an additional 20,842 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Tyler Technologies by 4.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 904,175 shares of the technology company’s stock worth $527,785,000 after buying an additional 36,066 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Tyler Technologies by 15.3% during the 1st quarter. Janus Henderson Group PLC now owns 532,935 shares of the technology company’s stock valued at $226,501,000 after purchasing an additional 70,801 shares during the period. Finally, Swedbank AB bought a new stake in Tyler Technologies during the second quarter valued at approximately $251,390,000. 93.30% of the stock is currently owned by institutional investors.

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.