Tyler Technologies, Inc. (NYSE:TYL) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts give Tyler a "Moderate Buy": 15 analysts cover the stock (12 buy, 3 hold) with a consensus 1-year target of about $467.54 and individual targets ranging roughly from $325 to $750.
• Recent quarter showed an EPS miss—$2.64 vs. $2.71 expected—and revenue of $575.18M also missed estimates, though revenue was up 6.3% year-over-year.
• Tyler trades around $341.43 with a market cap of $14.49B and a P/E of 47.42, sitting below its 200-day moving average ($440.66) and inside a 52-week range of $283.71–$621.34.

Shares of Tyler Technologies, Inc. (NYSE:TYL - Get Free Report) have earned a consensus rating of "Moderate Buy" from the fifteen research firms that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $467.5385.

TYL has been the subject of a number of recent research reports. BTIG Research lowered their price objective on Tyler Technologies from $560.00 to $470.00 and set a "buy" rating for the company in a research note on Monday, February 9th. Needham & Company LLC reissued a "buy" rating and set a $750.00 price target on shares of Tyler Technologies in a report on Tuesday, February 3rd. Cantor Fitzgerald restated a "neutral" rating and set a $325.00 price target on shares of Tyler Technologies in a research report on Friday, February 13th. Robert W. Baird set a $440.00 price objective on shares of Tyler Technologies in a report on Friday, February 13th. Finally, The Goldman Sachs Group set a $420.00 price objective on shares of Tyler Technologies in a research report on Friday, February 13th.

Tyler Technologies Stock Up 3.0%

Shares of TYL stock opened at $341.43 on Friday. The company has a market cap of $14.49 billion, a P/E ratio of 47.42, a PEG ratio of 2.23 and a beta of 0.90. The business has a 50 day moving average of $359.70 and a two-hundred day moving average of $440.66. Tyler Technologies has a 52 week low of $283.71 and a 52 week high of $621.34.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 11th. The technology company reported $2.64 earnings per share for the quarter, missing analysts' consensus estimates of $2.71 by ($0.07). The company had revenue of $575.18 million for the quarter, compared to analyst estimates of $591.09 million. Tyler Technologies had a return on equity of 10.42% and a net margin of 13.53%.The firm's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.43 earnings per share. Analysts expect that Tyler Technologies will post 8.52 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Daniel M. Pope sold 500 shares of Tyler Technologies stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $355.40, for a total transaction of $177,700.00. Following the sale, the director owned 2,871 shares of the company's stock, valued at approximately $1,020,353.40. The trade was a 14.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Abigail Marshall Diaz-Pedrosa purchased 610 shares of the business's stock in a transaction dated Friday, February 20th. The shares were acquired at an average cost of $325.08 per share, for a total transaction of $198,298.80. Following the acquisition, the insider owned 1,123 shares of the company's stock, valued at approximately $365,064.84. The trade was a 118.91% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold 7,298 shares of company stock valued at $2,658,721 in the last ninety days. Insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TYL. Salomon & Ludwin LLC increased its holdings in shares of Tyler Technologies by 6,100.0% during the fourth quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company's stock valued at $27,000 after purchasing an additional 61 shares during the period. DV Equities LLC bought a new position in Tyler Technologies in the 4th quarter valued at about $27,000. Root Financial Partners LLC bought a new position in Tyler Technologies in the 3rd quarter valued at about $28,000. Elyxium Wealth LLC acquired a new position in Tyler Technologies during the 4th quarter valued at about $29,000. Finally, Bayban bought a new stake in shares of Tyler Technologies during the 4th quarter worth about $30,000. Institutional investors and hedge funds own 93.30% of the company's stock.

Tyler Technologies Company Profile

Tyler Technologies, Inc is a provider of software and technology services for the public sector, delivering integrated systems that help government and public agencies manage operations, finances and citizen services. Headquartered in Plano, Texas, the company focuses on developing and implementing solutions for local and state governments, school districts, courts and public safety organizations. Its offerings are aimed at modernizing administrative workflows, improving transparency and enabling digital interactions between governments and the communities they serve.

Tyler's product portfolio spans enterprise resource planning and financial management, tax and billing systems, court case and records management, public safety solutions (including computer-aided dispatch and records management), land and property management, permitting and licensing, and enterprise asset management.

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