Tyler Technologies (NYSE:TYL) Price Target Raised to $530.00 at Loop Capital

Tyler Technologies (NYSE:TYL - Get Free Report) had its price objective upped by research analysts at Loop Capital from $485.00 to $530.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a "buy" rating on the technology company's stock. Loop Capital's price target would indicate a potential upside of 6.86% from the company's current price.

Other research analysts also recently issued research reports about the stock. Oppenheimer lifted 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, April 26th. Robert W. Baird boosted their target price on shares of Tyler Technologies from $500.00 to $525.00 and gave the stock an "outperform" rating in a research note on Friday, April 26th. JMP Securities restated a "market outperform" rating and issued a $490.00 target price on shares of Tyler Technologies in a report on Friday, April 26th. JPMorgan Chase & Co. upped their price target on Tyler Technologies from $500.00 to $526.00 and gave the stock an "overweight" rating in a research note on Thursday, February 15th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $520.00 price objective on shares of Tyler Technologies in a research note on Wednesday, April 24th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $506.00.

Tyler Technologies Trading Up 0.4 %

NYSE TYL traded up $2.06 on Tuesday, hitting $495.98. 151,589 shares of the stock were exchanged, compared to its average volume of 210,679. Tyler Technologies has a 52-week low of $361.16 and a 52-week high of $498.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a fifty day moving average price of $438.88 and a two-hundred day moving average price of $427.72. The firm has a market capitalization of $21.06 billion, a P/E ratio of 112.21, a P/E/G ratio of 4.57 and a beta of 0.76.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The technology company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.48 by $0.26. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. The company had revenue of $512.36 million for the quarter, compared to the consensus estimate of $507.79 million. Research analysts forecast that Tyler Technologies will post 7.14 EPS for the current fiscal year.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 1,849 shares of Tyler Technologies stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $421.19, for a total value of $778,780.31. Following the transaction, the chief executive officer now directly owns 79,502 shares in the company, valued at $33,485,447.38. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider John S. Marr, Jr. sold 6,500 shares of the firm's stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $437.49, for a total value of $2,843,685.00. Following the completion of the transaction, the insider now owns 6,400 shares in the company, valued at $2,799,936. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO H Lynn Moore, Jr. sold 1,849 shares of Tyler Technologies stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $421.19, for a total value of $778,780.31. Following the transaction, the chief executive officer now owns 79,502 shares of the company's stock, valued at $33,485,447.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,549 shares of company stock worth $27,931,420. Insiders own 1.50% of the company's stock.

Hedge Funds Weigh In On Tyler Technologies

Several hedge funds and other institutional investors have recently modified their holdings of TYL. International Assets Investment Management LLC grew its stake in Tyler Technologies by 41,712.0% in the fourth quarter. International Assets Investment Management LLC now owns 52,265 shares of the technology company's stock worth $21,853,000 after purchasing an additional 52,140 shares in the last quarter. 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 valued at $465,000 after acquiring an additional 85 shares in the last quarter. Raymond James Trust N.A. boosted its holdings in Tyler Technologies by 4.9% in the fourth quarter. Raymond James Trust N.A. now owns 1,515 shares of the technology company's stock worth $633,000 after purchasing an additional 71 shares during the period. Nordea Investment Management AB increased its stake in Tyler Technologies by 4.6% during the fourth 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Tyler Technologies by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 372,950 shares of the technology company's stock worth $155,938,000 after buying an additional 7,669 shares during the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

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.