Tyler Technologies (NYSE:TYL) had its target price hoisted by Maxim Group from $197.00 to $220.00 in a note issued to investors on Friday, Marketbeat reports. The brokerage currently has a “buy” rating on the technology company’s stock. Maxim Group’s price target would indicate a potential upside of 6.89% from the stock’s previous close.
Several other equities analysts have also issued reports on the company. Piper Jaffray Companies restated a “buy” rating and set a $200.00 target price on shares of Tyler Technologies in a research report on Friday, October 27th. B. Riley restated a “neutral” rating and set a $184.00 target price on shares of Tyler Technologies in a research report on Thursday, October 26th. Needham & Company LLC restated a “buy” rating on shares of Tyler Technologies in a research report on Tuesday, October 24th. Finally, Zacks Investment Research lowered Tyler Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $200.29.
Shares of Tyler Technologies (NYSE:TYL) opened at $205.81 on Friday. The company has a market capitalization of $7,734.15, a PE ratio of 60.36 and a beta of 1.00. Tyler Technologies has a 12-month low of $151.37 and a 12-month high of $208.26.
In other news, CEO John S. Marr, Jr. sold 17,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $184.93, for a total transaction of $3,143,810.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Brian K. Miller sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $176.86, for a total value of $884,300.00. Following the transaction, the vice president now owns 55,694 shares of the company’s stock, valued at $9,850,040.84. The disclosure for this sale can be found here. Insiders have sold a total of 276,607 shares of company stock valued at $50,123,369 over the last 90 days. Corporate insiders own 10.30% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Ashford Capital Management Inc. grew its position in shares of Tyler Technologies by 0.6% in the 4th quarter. Ashford Capital Management Inc. now owns 52,683 shares of the technology company’s stock valued at $9,328,000 after purchasing an additional 300 shares during the period. Segall Bryant & Hamill LLC acquired a new position in shares of Tyler Technologies in the 4th quarter valued at approximately $1,219,000. MetLife Investment Advisors LLC acquired a new position in shares of Tyler Technologies in the 4th quarter valued at approximately $3,914,000. Gotham Asset Management LLC acquired a new position in shares of Tyler Technologies in the 4th quarter valued at approximately $859,000. Finally, Millennium Management LLC grew its position in shares of Tyler Technologies by 157.6% in the 4th quarter. Millennium Management LLC now owns 112,316 shares of the technology company’s stock valued at $19,886,000 after purchasing an additional 68,721 shares during the period. Institutional investors and hedge funds own 91.81% of the company’s stock.
Tyler Technologies Company Profile
Tyler Technologies, Inc is a provider of information management solutions and services for the public sector, with a focus on local governments. The Company operates through two segments: Enterprise Software (ES) segment and The Appraisal and Tax (A&T) segment. ES segment provides municipal and county governments and schools with software systems and services for information technology and automation needs that includes back-office functions, such as financial management, courts and justice processes, public safety, planning regulatory and maintenance, and land and vital records management.
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