Several analysts have recently updated their ratings and price targets for Tyler Technologies (NYSE: TYL):

  • 8/2/2017 – Tyler Technologies had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $184.00 price target on the stock.
  • 8/1/2017 – Tyler Technologies was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Tyler Technologies, Inc. is engaged in providing integrated information management solutions and services to the public sector. It provides software products and services; professional IT services; subscription-based services; property appraisal outsourcing services. Its products generally automate three major functional areas (1) financial management and education, (2) courts and justice and (3) property appraisal and tax. Tyler operates in two reportable segments: Enterprise Software Solutions (ESS) and Appraisal and Tax Software Solutions and Services. The Enterprise Software Solutions (ESS) segment provides software systems to municipal and county governments and schools. The Appraisal and Tax Software Solutions and Services segment provides systems and software that automate the appraisal and assessment of real and personal property as well as property appraisal outsourcing services for local governments and taxing authorities. Tyler Technologies, Inc. is headquartered in Dallas, Texas. “
  • 7/31/2017 – Tyler Technologies was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/28/2017 – Tyler Technologies had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $184.00 price target on the stock.
  • 7/27/2017 – Tyler Technologies was given a new $197.00 price target on by analysts at Maxim Group. They now have a “buy” rating on the stock.
  • 7/17/2017 – Tyler Technologies was given a new $197.00 price target on by analysts at Maxim Group. They now have a “buy” rating on the stock. They wrote, “On June 30th, Vermont announced that it has selected TYL’s Odyssey case management system to implement statewide and roll-out by 2021.””
  • 7/13/2017 – Tyler Technologies was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Tyler Technologies, Inc. is engaged in providing integrated information management solutions and services to the public sector. It provides software products and services; professional IT services; subscription-based services; property appraisal outsourcing services. Its products generally automate three major functional areas (1) financial management and education, (2) courts and justice and (3) property appraisal and tax. Tyler operates in two reportable segments: Enterprise Software Solutions (ESS) and Appraisal and Tax Software Solutions and Services. The Enterprise Software Solutions (ESS) segment provides software systems to municipal and county governments and schools. The Appraisal and Tax Software Solutions and Services segment provides systems and software that automate the appraisal and assessment of real and personal property as well as property appraisal outsourcing services for local governments and taxing authorities. Tyler Technologies, Inc. is headquartered in Dallas, Texas. “
  • 6/29/2017 – Tyler Technologies was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $201.00 price target on the stock. According to Zacks, “Tyler Technologies, Inc. is engaged in providing integrated information management solutions and services to the public sector. It provides software products and services; professional IT services; subscription-based services; property appraisal outsourcing services. Its products generally automate three major functional areas (1) financial management and education, (2) courts and justice and (3) property appraisal and tax. Tyler operates in two reportable segments: Enterprise Software Solutions (ESS) and Appraisal and Tax Software Solutions and Services. The Enterprise Software Solutions (ESS) segment provides software systems to municipal and county governments and schools. The Appraisal and Tax Software Solutions and Services segment provides systems and software that automate the appraisal and assessment of real and personal property as well as property appraisal outsourcing services for local governments and taxing authorities. Tyler Technologies, Inc. is headquartered in Dallas, Texas. “

Tyler Technologies, Inc. (NYSE TYL) opened at 167.74 on Friday. The company has a market capitalization of $6.26 billion, a PE ratio of 50.25 and a beta of 0.95. The stock has a 50 day moving average of $173.66 and a 200 day moving average of $162.89. Tyler Technologies, Inc. has a 12-month low of $139.61 and a 12-month high of $182.49.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by $0.03. The firm had revenue of $209.12 million for the quarter, compared to the consensus estimate of $210.67 million. Tyler Technologies had a net margin of 14.73% and a return on equity of 13.02%. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.86 earnings per share. On average, equities research analysts predict that Tyler Technologies, Inc. will post $3.87 EPS for the current year.

In other Tyler Technologies news, Director Larry D. Leinweber sold 36,000 shares of the firm’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $170.54, for a total value of $6,139,440.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John S. Marr, Jr. sold 23,960 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $167.69, for a total transaction of $4,017,852.40. Following the completion of the sale, the chief executive officer now owns 355,437 shares of the company’s stock, valued at approximately $59,603,230.53. The disclosure for this sale can be found here. Insiders sold a total of 234,753 shares of company stock valued at $40,089,621 in the last 90 days. Corporate insiders own 10.30% of the company’s stock.

Tyler Technologies, Inc is a provider of information management solutions and services for the public sector, with a focus on local governments. The Company operates through two segments: Enterprise Software (ES) segment and The Appraisal and Tax (A&T) segment. ES segment provides municipal and county governments and schools with software systems and services for information technology and automation needs that includes back-office functions, such as financial management, courts and justice processes, public safety, planning regulatory and maintenance, and land and vital records management.

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