Tyler Technologies (NYSE:TYL) Research coverage has begun at Loop Capital
Loop Capital investment analysts have started covering the shares of Tyler Technologies (NYSE: TYL – Get Note) in a report released on Monday, reports The Fly. The brokerage has set a “buy” rating on the tech company’s shares.
Other stock analysts have also recently published research reports on the company. StockNews.com began covering Tyler Technologies in a research report on Thursday, March 31. They set a “holding” rating for the company. Truist Financial assumed coverage for Tyler Technologies in a Wednesday, Feb. 9 research note. They set a “buy” rating and a price target of $550.00 on the stock. Piper Sandler lowered its price target on Tyler Technologies from $600.00 to $540.00 and set an “overweight” rating on the stock in a Friday, Feb. 18 research note. Finally, Barclays assumed cover for Tyler Technologies in a Monday, March 14, research note. They set an “equal weight” rating and a price target of $445.00 on the stock. Four investment analysts gave the stock a hold rating and eight gave the company a buy rating. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $538.46.
Shares of NYSE:TYL opened at $404.83 on Monday. Tyler Technologies has a fifty-two week low of $384.38 and a fifty-two week high of $557.55. The company has a 50-day moving average of $430.47 and a two-hundred-day moving average of $479.21. The stock has a market capitalization of $16.77 billion, a P/E ratio of 105.98 and a beta of 0.78. The company has a debt ratio of 0.56, a current ratio of 1.16 and a quick ratio of 1.16.
Tyler Technologies Inc (NYSE:TYL – Get Rating) last released quarterly earnings data on Wednesday, February 16. The tech company reported earnings per share of $1.26 for the quarter, hitting the consensus estimate of $1.26. Tyler Technologies had a return on equity of 10.30% and a net margin of 10.14%. The company posted revenue of $433.54 million in the quarter, compared to $433.74 million expected by analysts. In the same quarter of the previous year, the company achieved EPS of $1.14. The company’s revenues increased by 53.0% compared to the same quarter last year. As a group, research analysts expect Tyler Technologies to post EPS of 5.67 for the current fiscal year.
Separately, director Daniel M. Pope sold 696 shares of the company in a transaction that took place on Tuesday, March 15. The stock was sold at an average price of $402.06, for a total value of $279,833.76. The transaction was disclosed in a document filed with the SEC, accessible via this link. Company insiders hold 2.70% of the company’s shares.
Hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. Trust Co. of Vermont bought a new stake in Tyler Technologies during the 4th quarter for a value of approximately $27,000. JNBA Financial Advisors purchased a new stake in Tyler Technologies during Q3 for approximately $28,000. O Shaughnessy Asset Management LLC increased its position in Tyler Technologies by 34.5% during the third quarter. O Shaughnessy Asset Management LLC now owns 74 shares of the technology company worth $34,000 after acquiring 19 additional shares in the last quarter. Duncker Streett & Co. Inc. acquired a new stake in Tyler Technologies during Q3 for a value of approximately $39,000. Finally, Assetmark Inc. increased its position in Tyler Technologies by 125.0% during the third quarter. Assetmark Inc. now owns 108 shares of the technology company worth $50,000 after acquiring 60 more shares in the last quarter. Institutional investors and hedge funds own 90.80% of the company’s shares.
Tyler Technologies Company Profile (Get a rating)
Tyler Technologies, Inc. provides integrated information management solutions and services for the public sector. The Company operates in three segments: Enterprise Software; Estimate and Taxation; and NICs. It offers financial management solutions, including modular fund accounting systems for government agencies or nonprofit entities; utility billing systems for billing and collecting metered and unmetered services; products to automate city and county functions, such as municipal courts, parking tickets, equipment and project costs, animal and business licenses, permits and inspections, code enforcement, tracking citizen complaints, billing ambulances, maintaining the fleet and managing cemetery registers; and information and transportation solutions for K-12 students.
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