Tyler Technologies Inc. (TYL) Stock Price Up 2.1%
Tyler Technologies Inc. (NYSE:TYL) shares rose 2.1% on Thursday . The stock traded as high as $167.58 and last traded at $167.40, with a volume of 114,570 shares traded. The stock had previously closed at $163.95.
TYL has been the topic of several research analyst reports. Needham & Company LLC restated a “buy” rating and issued a $160.00 price objective on shares of Tyler Technologies in a research report on Friday, June 3rd. Maxim Group upped their price objective on shares of Tyler Technologies from $196.00 to $206.00 and gave the stock a “buy” rating in a research report on Thursday, July 28th. Evercore Partners Inc. upgraded shares of Tyler Technologies to a “buy” rating in a research report on Monday, June 27th. Evercore ISI upgraded shares of Tyler Technologies from a “hold” rating to a “buy” rating and set a $184.00 price objective on the stock in a research report on Monday, June 27th. Finally, Pacific Crest restated a “buy” rating on shares of Tyler Technologies in a research report on Thursday, June 23rd. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $179.09.
The stock has a market cap of $6.14 billion and a PE ratio of 98.40. The stock has a 50-day moving average of $164.39 and a 200 day moving average of $148.02.
Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.03. During the same period in the previous year, the firm earned $0.65 earnings per share. The company had revenue of $188.97 million for the quarter, compared to analysts’ expectations of $192.12 million. The firm’s quarterly revenue was up 29.2% on a year-over-year basis. On average, equities analysts forecast that Tyler Technologies Inc. will post $3.48 EPS for the current fiscal year.
In other news, Director Dustin R. Womble sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $162.73, for a total transaction of $5,695,550.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider John S. Marr, Jr. sold 24,000 shares of the business’s stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $167.04, for a total value of $4,008,960.00. 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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