Tyler Technologies - TYL Stock Forecast, Price & News

Tyler Technologies, Inc. provides integrated information management solutions and services for the public sector. The company operates in three segments: Enterprise Software; Appraisal and Tax; and NIC. It offers financial management solutions, including modular fund accounting systems for government agencies or not-for-profit entities; utility billing systems for the billing and collection of metered and non-metered services; products to automate city and county functions, such as municipal courts, parking tickets, equipment and project costing, animal and business licenses, permits and inspections, code enforcement, citizen complaint tracking, ambulance billing, fleet maintenance, and cemetery records management; and student information and transportation solutions for K-12 schools. The company also provides a suite of judicial solutions comprising court case management, court and law enforcement, prosecutor, and supervision systems to handle multi-jurisdictional county or statewide implementations, and single county systems; public safety software solutions; systems and software to automate the appraisal and assessment of real and personal property, as well as tax applications for agencies that bill and collect taxes; planning, regulatory, and maintenance software solutions for public sector agencies; software applications to enhance and automate operations involving records and document management; and data and insights solutions. In addition, it offers software as a service arrangements and electronic document filing solutions for courts and law offices; software and hardware installation, data conversion, training, product modification, and maintenance and support services; and property appraisal outsourcing services for taxing jurisdictions. The company has a strategic collaboration agreement with Amazon Web Services for cloud hosting services. Tyler Technologies, Inc. was founded in 1966 and is headquartered in Plano, Texas.

Tyler Technologies Stock Down 1.1 %

Shares of TYL Stock traded down $4.58 during trading hours on Tuesday, reaching $410.85. The company had a trading volume of 158,321 shares, compared to its average volume of 237,594. The company has a market capitalization of $17.08 billion, a P/E ratio of 97.59 and a beta of 0.90. Tyler Technologies has a twelve month low of $300.85 and a twelve month high of $557.55. The stock's fifty day simple moving average is $357.61 and its 200 day simple moving average is $390.06. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.15 and a current ratio of 1.15.

Tyler Technologies (NYSE:TYL - Get Rating) last announced its earnings results on Wednesday, July 27th. The technology company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.05. Tyler Technologies had a net margin of 9.84% and a return on equity of 10.26%. The business had revenue of $468.70 million during the quarter, compared to the consensus estimate of $458.50 million. During the same period in the prior year, the firm earned $1.42 earnings per share. The business's quarterly revenue was up 16.0% compared to the same quarter last year. As a group, sell-side analysts expect that Tyler Technologies will post 5.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TYL has been the topic of a number of research analyst reports. Truist Financial cut their price objective on shares of Tyler Technologies from $550.00 to $500.00 and set a "buy" rating on the stock in a report on Tuesday, July 5th. Loop Capital started coverage on shares of Tyler Technologies in a report on Monday, April 18th. They set a "buy" rating and a $520.00 price objective on the stock. Wolfe Research raised their price objective on Tyler Technologies from $400.00 to $460.00 and gave the company an "outperform" rating in a research note on Monday, August 1st. TheStreet cut Tyler Technologies from a "b-" rating to a "c+" rating in a research report on Wednesday, April 27th. Finally, Barclays dropped their target price on shares of Tyler Technologies from $445.00 to $370.00 and set an "equal weight" rating for the company in a report on Tuesday, July 12th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $480.08.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, Chairman John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $363.75, for a total transaction of $2,182,500.00. Following the sale, the chairman now directly owns 57,638 shares in the company, valued at approximately $20,965,822.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.00% of the company's stock.