Tyler Technologies (NYSE:TYL) Given New $525.00 Price Target at Robert W. Baird

Tyler Technologies (NYSE:TYL - Free Report) had its price objective raised by Robert W. Baird from $500.00 to $525.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have an outperform rating on the technology company's stock.

Several other research firms have also issued reports on TYL. Oppenheimer increased their price objective on shares of Tyler Technologies from $480.00 to $500.00 and gave the stock an outperform rating in a research report on Friday. Needham & Company LLC reaffirmed a buy rating and set a $500.00 price target on shares of Tyler Technologies in a report on Thursday. JPMorgan Chase & Co. raised their price target on shares of Tyler Technologies from $500.00 to $526.00 and gave the company an overweight rating in a report on Thursday, February 15th. Piper Sandler reaffirmed an overweight rating and set a $520.00 price target on shares of Tyler Technologies in a report on Wednesday. Finally, JMP Securities reaffirmed a market outperform rating and set a $490.00 price target on shares of Tyler Technologies in a report on Friday, February 16th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Tyler Technologies has a consensus rating of Moderate Buy and a consensus price target of $465.85.

Tyler Technologies Stock Performance

Shares of NYSE:TYL traded up $2.67 during midday trading on Friday, hitting $460.74. The stock had a trading volume of 282,294 shares, compared to its average volume of 211,869. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average price of $422.62 and a two-hundred day moving average price of $414.83. Tyler Technologies has a 1 year low of $361.16 and a 1 year high of $465.78. The company has a market capitalization of $19.55 billion, a PE ratio of 105.12, a P/E/G ratio of 4.12 and a beta of 0.81.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $480.94 million for the quarter, compared to the consensus estimate of $483.34 million. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.49%. As a group, equities analysts predict that Tyler Technologies will post 6.77 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Institutional Trading of Tyler Technologies

A number of large investors have recently bought and sold shares of the business. Kapitalo Investimentos Ltda bought a new position in shares of Tyler Technologies during the 4th quarter worth approximately $26,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Tyler Technologies in the 4th quarter valued at approximately $31,000. Headlands Technologies LLC acquired a new stake in shares of Tyler Technologies in the 4th quarter valued at approximately $40,000. Lindbrook Capital LLC boosted its holdings in shares of Tyler Technologies by 50.6% in the 4th quarter. Lindbrook Capital LLC now owns 116 shares of the technology company's stock valued at $49,000 after buying an additional 39 shares during the last quarter. Finally, Chilton Capital Management LLC acquired a new stake in shares of Tyler Technologies in the 4th 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.