Robert W. Baird Raises Tyler Technologies (NYSE:TYL) Price Target to $525.00

Tyler Technologies (NYSE:TYL) had its price objective boosted by Robert W. Baird from $500.00 to $525.00 in a research report report published on Friday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the technology company’s stock.

A number of other brokerages also recently commented on TYL. DA Davidson boosted their price objective on shares of Tyler Technologies from $412.00 to $434.00 and gave the stock a neutral rating in a research note on Thursday, February 22nd. Piper Sandler reissued an overweight rating and issued a $520.00 price target on shares of Tyler Technologies in a research report on Wednesday. JMP Securities reaffirmed a market outperform rating and set a $490.00 price objective on shares of Tyler Technologies in a research report on Friday, February 16th. Oppenheimer boosted their target price on shares of Tyler Technologies from $480.00 to $500.00 and gave the stock an outperform rating in a report on Friday. Finally, Needham & Company LLC reissued a buy rating and set a $500.00 price target on shares of Tyler Technologies in a research report on Thursday. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $465.85.

Tyler Technologies Trading Up 0.6 %

Shares of TYL opened at $460.74 on Friday. The firm has a market capitalization of $19.56 billion, a price-to-earnings ratio of 104.24, a PEG ratio of 4.51 and a beta of 0.81. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.94 and a quick ratio of 0.86. Tyler Technologies has a 1-year low of $361.16 and a 1-year high of $465.78. The company has a 50-day moving average of $423.02 and a 200 day moving average of $415.30.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The firm had revenue of $480.94 million during the quarter, compared to analyst estimates of $483.34 million. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. On average, research analysts expect that Tyler Technologies will post 6.77 EPS for the current year.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 10,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $435.98, for a total transaction of $4,359,800.00. Following the sale, the chief executive officer now owns 75,000 shares in the company, valued at approximately $32,698,500. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $435.19, for a total value of $3,263,925.00. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at $32,639,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO H Lynn Moore, Jr. sold 10,000 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $435.98, for a total transaction of $4,359,800.00. Following the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at $32,698,500. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,608 shares of company stock worth $21,974,819. Company insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Tyler Technologies

A number of large investors have recently bought and sold shares of TYL. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Tyler Technologies by 7.6% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,205 shares of the technology company’s stock worth $465,000 after purchasing an additional 85 shares during the last quarter. Raymond James Trust N.A. raised its stake in Tyler Technologies by 4.9% in the 4th quarter. Raymond James Trust N.A. now owns 1,515 shares of the technology company’s stock valued at $633,000 after purchasing an additional 71 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Tyler Technologies by 4.6% in the 4th quarter. Nordea Investment Management AB now owns 2,600 shares of the technology company’s stock valued at $1,091,000 after purchasing an additional 115 shares in the last quarter. DNB Asset Management AS acquired a new stake in Tyler Technologies during the 4th quarter worth $5,040,000. Finally, NBW Capital LLC grew its holdings in shares of Tyler Technologies by 50.7% during the fourth quarter. NBW Capital LLC now owns 13,345 shares of the technology company’s stock worth $5,580,000 after buying an additional 4,489 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

About Tyler Technologies

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.