Tyler Technologies, Inc. (TYL) Trading Up 2.1%
Tyler Technologies, Inc. (NYSE:TYL) was up 2.1% during trading on Thursday . The company traded as high as $167.58 and last traded at $167.40, with a volume of 114,570 shares trading hands. The stock had previously closed at $163.95.
A number of equities research analysts have commented on TYL shares. Evercore Partners Inc. upgraded Tyler Technologies to a “buy” rating in a report on Monday, June 27th. Evercore ISI upgraded Tyler Technologies from a “hold” rating to a “buy” rating and set a $184.00 target price on the stock in a report on Monday, June 27th. Pacific Crest reiterated a “buy” rating on shares of Tyler Technologies in a report on Thursday, June 23rd. Needham & Company LLC reiterated a “buy” rating and set a $160.00 target price on shares of Tyler Technologies in a report on Friday, June 3rd. Finally, SunTrust Banks Inc. reiterated a “buy” rating and set a $162.00 target price on shares of Tyler Technologies in a report on Thursday, May 5th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Tyler Technologies currently has a consensus rating of “Buy” and a consensus target price of $179.09.
The stock has a market cap of $6.05 billion and a price-to-earnings ratio of 97.06. The firm has a 50-day moving average of $164.34 and a 200 day moving average of $147.88.
Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.03. During the same period in the prior year, the company posted $0.65 EPS. The company earned $188.97 million during the quarter, compared to the consensus estimate of $192.12 million. Tyler Technologies’s quarterly revenue was up 29.2% on a year-over-year basis. On average, equities research analysts predict that Tyler Technologies, Inc. will post $3.48 earnings per share for the current fiscal year.
In other Tyler Technologies news, Chairman John M. Yeaman sold 13,190 shares of the company’s stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $167.03, for a total value of $2,203,125.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Brian K. Miller sold 6,000 shares of the company’s stock in a transaction on Wednesday, June 15th. The shares were sold at an average price of $155.45, for a total value of $932,700.00. Following the completion of the transaction, the chief financial officer now directly owns 60,702 shares in the company, valued at approximately $9,436,125.90. The disclosure for this sale can be found here.
Tyler Technologies, Inc is a provider of information management solutions and services for the public sector, with a focus on local governments. The Company provides professional information technology (IT) services to its clients, including software and hardware installation, data conversion, training and product modifications.
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