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.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TYL shares. Needham & Company LLC cut their price objective on Tyler Technologies from $575.00 to $475.00 and set a "buy" rating for the company in a research report on Thursday, July 28th. TheStreet lowered shares of Tyler Technologies from a "b-" rating to a "c+" rating in a report on Wednesday, April 27th. Wells Fargo & Company upgraded shares of Tyler Technologies from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $425.00 to $435.00 in a report on Tuesday, June 7th. Barclays reduced their price target on shares of Tyler Technologies from $445.00 to $370.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 12th. Finally, Credit Suisse Group began coverage on shares of Tyler Technologies in a report on Monday, May 9th. They issued a "neutral" rating and a $408.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $480.08.

Tyler Technologies Stock Up 0.3 %

NYSE:TYL traded up $1.36 during trading on Thursday, reaching $405.81. 309,830 shares of the company's stock were exchanged, compared to its average volume of 238,150. The company has a 50 day moving average price of $358.43 and a two-hundred day moving average price of $390.16. The stock has a market cap of $16.87 billion, a P/E ratio of 96.07 and a beta of 0.90. Tyler Technologies has a 1 year low of $300.85 and a 1 year high of $557.55. 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 posted 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 return on equity of 10.26% and a net margin of 9.84%. 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 previous year, the business earned $1.42 EPS. The business's quarterly revenue was up 16.0% on a year-over-year basis. On average, equities research analysts anticipate that Tyler Technologies will post 5.53 EPS for the current fiscal year.

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 shares were sold at an average price of $363.75, for a total value of $2,182,500.00. Following the completion of the sale, the chairman now directly owns 57,638 shares of the company's stock, valued at approximately $20,965,822.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.00% of the company's stock.