Tyler Technologies (TYL) Reaches New 12-Month High and Low at $221.79

Shares of Tyler Technologies (NYSE:TYL) reached a new 52-week high and low during trading on Tuesday . The company traded as low as $221.79 and last traded at $221.21, with a volume of 85164 shares traded. The stock had previously closed at $218.90.

A number of analysts have commented on TYL shares. Zacks Investment Research upgraded shares of Tyler Technologies from a “hold” rating to a “buy” rating and set a $234.00 price target on the stock in a research report on Thursday, March 29th. Maxim Group set a $220.00 price target on shares of Tyler Technologies and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Robert W. Baird started coverage on shares of Tyler Technologies in a research report on Tuesday, March 13th. They set an “outperform” rating and a $240.00 price target on the stock. ValuEngine upgraded shares of Tyler Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, April 4th. Finally, Evercore ISI restated a “buy” rating and set a $210.00 price target on shares of Tyler Technologies in a research report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Tyler Technologies has an average rating of “Buy” and an average target price of $210.27.

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The firm has a market capitalization of $8,118.77, a P/E ratio of 63.56 and a beta of 0.91.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, February 21st. The technology company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. Tyler Technologies had a net margin of 19.50% and a return on equity of 12.49%. The business had revenue of $217.85 million for the quarter, compared to the consensus estimate of $220.56 million. During the same period in the previous year, the firm earned $0.90 EPS. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. analysts forecast that Tyler Technologies will post 3.87 earnings per share for the current fiscal year.

In other news, VP Brian K. Miller sold 5,000 shares of Tyler Technologies stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $210.54, for a total value of $1,052,700.00. Following the transaction, the vice president now directly owns 55,114 shares of the company’s stock, valued at $11,603,701.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Dustin R. Womble sold 20,000 shares of Tyler Technologies stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $211.12, for a total transaction of $4,222,400.00. Following the completion of the transaction, the director now directly owns 1,500 shares in the company, valued at $316,680. The disclosure for this sale can be found here. Insiders sold a total of 114,582 shares of company stock worth $23,816,504 over the last quarter. Insiders own 4.70% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in TYL. San Francisco Sentry Investment Group CA grew its position in Tyler Technologies by 1,334.7% during the fourth quarter. San Francisco Sentry Investment Group CA now owns 1,076 shares of the technology company’s stock valued at $191,000 after purchasing an additional 1,001 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new position in Tyler Technologies during the fourth quarter valued at approximately $229,000. MML Investors Services LLC purchased a new position in Tyler Technologies during the fourth quarter valued at approximately $253,000. Amundi Pioneer Asset Management Inc. purchased a new position in Tyler Technologies during the fourth quarter valued at approximately $320,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Tyler Technologies by 37.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,045 shares of the technology company’s stock valued at $362,000 after purchasing an additional 552 shares in the last quarter. 94.47% of the stock is currently owned by institutional investors and hedge funds.

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About Tyler Technologies

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector in the United States and internationally. It operates through two segments, Enterprise Software, and Appraisal and Tax. The company's financial management solutions include modular fund accounting systems for government agencies or not-for-profit entities; and utility billing systems for the billing and collection of metered and non-metered services.

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