Barclays Has Lowered Expectations for Tyler Technologies (NYSE:TYL) Stock Price

Tyler Technologies (NYSE:TYL - Get Free Report) had its price objective decreased by equities researchers at Barclays from $715.00 to $700.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the technology company's stock. Barclays's price objective indicates a potential upside of 22.68% from the company's previous close.

Several other brokerages also recently weighed in on TYL. Truist Financial reaffirmed a "buy" rating and set a $775.00 price target (up previously from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. DA Davidson reiterated a "neutral" rating and issued a $575.00 price target on shares of Tyler Technologies in a research note on Thursday, January 30th. Wells Fargo & Company restated an "equal weight" rating and issued a $615.00 price objective (down from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. The Goldman Sachs Group lifted their price objective on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Finally, StockNews.com downgraded Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Friday, April 11th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $675.00.

Tyler Technologies Stock Up 0.2 %

TYL traded up $1.32 during trading on Monday, hitting $570.61. 222,569 shares of the company's stock traded hands, compared to its average volume of 253,225. The stock has a market capitalization of $24.60 billion, a price-to-earnings ratio of 94.16, a PEG ratio of 4.93 and a beta of 0.84. The company's 50 day simple moving average is $586.11 and its two-hundred day simple moving average is $595.19. Tyler Technologies has a 12-month low of $400.54 and a 12-month high of $661.31. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share for the quarter, missing analysts' consensus estimates of $2.44 by ($0.57). Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. Analysts predict that Tyler Technologies will post 8.52 earnings per share for the current fiscal year.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,514 shares of Tyler Technologies stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total value of $4,022,981.26. Following the transaction, the chief executive officer now owns 75,734 shares in the company, valued at $46,772,561.06. The trade was a 7.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian K. Miller sold 1,550 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $613.58, for a total transaction of $951,049.00. Following the completion of the sale, the chief financial officer now owns 14,026 shares of the company's stock, valued at approximately $8,606,073.08. This trade represents a 9.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,064 shares of company stock worth $8,688,030 over the last three months. 2.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TYL. Oak Thistle LLC grew its holdings in shares of Tyler Technologies by 213.7% during the fourth quarter. Oak Thistle LLC now owns 2,328 shares of the technology company's stock valued at $1,342,000 after buying an additional 1,586 shares during the last quarter. Kensington Investment Counsel LLC raised its stake in shares of Tyler Technologies by 0.8% in the fourth quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company's stock worth $1,439,000 after purchasing an additional 20 shares during the last quarter. Diversified Trust Co acquired a new stake in shares of Tyler Technologies during the fourth quarter worth about $596,000. Fiduciary Alliance LLC purchased a new stake in Tyler Technologies in the fourth quarter valued at $1,594,000. Finally, Barclays PLC grew its position in Tyler Technologies by 2.5% during the 3rd quarter. Barclays PLC now owns 88,296 shares of the technology company's stock worth $51,543,000 after purchasing an additional 2,169 shares during the period. Institutional investors and hedge funds own 93.30% of the company's stock.

About Tyler Technologies

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.