Tyler Technologies (NYSE:TYL) Sets New 52-Week High at $464.81

Tyler Technologies, Inc. (NYSE:TYL - Get Free Report) hit a new 52-week high on Thursday . The company traded as high as $464.81 and last traded at $447.07, with a volume of 114642 shares. The stock had previously closed at $419.00.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Needham & Company LLC reiterated a "buy" rating and issued a $500.00 price objective on shares of Tyler Technologies in a research note on Thursday. JPMorgan Chase & Co. upped their price objective on Tyler Technologies from $500.00 to $526.00 and gave the company an "overweight" rating in a research note on Thursday, February 15th. JMP Securities reiterated a "market outperform" rating and issued a $490.00 price objective on shares of Tyler Technologies in a research note on Friday, February 16th. DA Davidson boosted their target price on shares of Tyler Technologies from $412.00 to $434.00 and gave the company a "neutral" rating in a report on Thursday, February 22nd. Finally, Piper Sandler reissued an "overweight" rating and set a $520.00 target price on shares of Tyler Technologies in a report on Wednesday. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $460.46.

Tyler Technologies Price Performance

The firm's 50-day moving average is $422.28 and its 200-day moving average is $414.52. The company has a market capitalization of $19.46 billion, a PE ratio of 117.85, a price-to-earnings-growth ratio of 4.12 and a beta of 0.81. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.20.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. Tyler Technologies had a net margin of 8.50% and a return on equity of 8.85%. The business had revenue of $480.94 million during the quarter, compared to analyst estimates of $483.34 million. Equities analysts predict that Tyler Technologies, Inc. will post 6.77 earnings per share for the current fiscal year.

Insider Transactions at Tyler Technologies

In other news, insider John S. Marr, Jr. sold 6,500 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $427.82, for a total transaction of $2,780,830.00. Following the completion of the sale, the insider now directly owns 6,400 shares in the company, valued at $2,738,048. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO H Lynn Moore, Jr. sold 10,000 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $435.98, for a total transaction of $4,359,800.00. Following the completion of the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at $32,698,500. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John S. Marr, Jr. sold 6,500 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $427.82, for a total transaction of $2,780,830.00. Following the completion of the transaction, the insider now directly owns 6,400 shares of the company's stock, valued at $2,738,048. 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 institutional investors have recently bought and sold shares of TYL. Kapitalo Investimentos Ltda bought a new position in Tyler Technologies in the fourth quarter worth about $26,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Tyler Technologies in the fourth quarter worth about $31,000. Headlands Technologies LLC bought a new position in shares of Tyler Technologies during the fourth quarter valued at approximately $40,000. Lindbrook Capital LLC increased its stake in shares of Tyler Technologies by 50.6% during the fourth quarter. Lindbrook Capital LLC now owns 116 shares of the technology company's stock valued at $49,000 after purchasing an additional 39 shares in the last quarter. Finally, Chilton Capital Management LLC bought a new position in shares of Tyler Technologies during the fourth quarter valued at approximately $52,000. 93.30% of the stock is owned by institutional investors.

Tyler Technologies Company Profile

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.