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

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

TYL has been the subject of several research analyst reports. ValuEngine raised shares of Tyler Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, April 4th. Evercore ISI reissued a “buy” rating and issued a $210.00 target price on shares of Tyler Technologies in a research report on Friday, February 23rd. Needham & Company LLC reissued a “buy” rating and issued a $235.00 target price on shares of Tyler Technologies in a research report on Friday, February 23rd. Maxim Group set a $220.00 target price on shares of Tyler Technologies and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Finally, Zacks Investment Research raised shares of Tyler Technologies from a “hold” rating to a “buy” rating and set a $233.00 target price for the company in a research report on Wednesday, March 21st. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Tyler Technologies presently has an average rating of “Buy” and a consensus price target of $210.27.

How to Become a New Pot Stock Millionaire

The stock has a market cap of $8,296.53, a price-to-earnings ratio of 70.94 and a beta of 0.91.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, February 21st. The technology company reported $1.07 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $220.56 million. During the same quarter in the prior year, the firm earned $0.90 EPS. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. equities analysts predict that Tyler Technologies will post 3.87 EPS for the current year.

In other Tyler Technologies news, CEO John S. Marr, Jr. sold 41,000 shares of the company’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $209.05, for a total value of $8,571,050.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brian K. Miller sold 5,000 shares of the company’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $210.54, for a total transaction of $1,052,700.00. Following the completion of the transaction, the vice president now owns 55,114 shares of the company’s stock, valued at approximately $11,603,701.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 114,582 shares of company stock valued at $23,816,504. Insiders own 4.70% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. San Francisco Sentry Investment Group CA grew its position in Tyler Technologies by 1,334.7% in the 4th quarter. San Francisco Sentry Investment Group CA now owns 1,076 shares of the technology company’s stock worth $191,000 after purchasing an additional 1,001 shares during the last quarter. Stone Ridge Asset Management LLC bought a new position in Tyler Technologies in the 4th quarter worth about $229,000. MML Investors Services LLC bought a new position in Tyler Technologies in the 4th quarter worth about $253,000. Amundi Pioneer Asset Management Inc. bought a new position in Tyler Technologies in the 4th quarter worth about $320,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Tyler Technologies by 37.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,045 shares of the technology company’s stock worth $362,000 after purchasing an additional 552 shares during the last quarter. Hedge funds and other institutional investors own 94.47% of the company’s stock.

WARNING: “Tyler Technologies (TYL) Hits New 12-Month High and Low at $221.79” was posted by The Lincolnian Online and is the property of of The Lincolnian Online. If you are reading this report on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://www.thelincolnianonline.com/2018/04/19/tyler-technologies-tyl-hits-new-12-month-high-and-low-at-221-79.html.

Tyler Technologies Company Profile

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.

Receive News & Ratings for Tyler Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyler Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply