Shares of Tyler Technologies, Inc. (NYSE:TYL) have earned a consensus rating of “Buy” from the thirteen research firms that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $225.60.

Several equities analysts recently issued reports on the company. B. Riley upped their price objective on Tyler Technologies from $200.00 to $206.00 and gave the company a “neutral” rating in a research report on Monday, July 30th. Piper Jaffray Companies increased their price target on Tyler Technologies from $242.00 to $260.00 and gave the company an “overweight” rating in a report on Monday, June 25th. Zacks Investment Research cut Tyler Technologies from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $260.00 target price (up from $240.00) on shares of Tyler Technologies in a report on Friday, July 27th.

Shares of NYSE TYL traded down $2.36 during midday trading on Friday, reaching $247.93. The company had a trading volume of 183,048 shares, compared to its average volume of 196,431. Tyler Technologies has a one year low of $167.50 and a one year high of $252.47. The firm has a market cap of $9.66 billion, a PE ratio of 78.90, a price-to-earnings-growth ratio of 6.59 and a beta of 0.88.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Thursday, July 26th. The technology company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.05. Tyler Technologies had a return on equity of 11.70% and a net margin of 19.91%. The company had revenue of $236.10 million for the quarter, compared to the consensus estimate of $233.28 million. During the same quarter in the previous year, the business earned $0.91 EPS. Tyler Technologies’s revenue was up 13.1% compared to the same quarter last year. sell-side analysts anticipate that Tyler Technologies will post 3.79 earnings per share for the current year.

In related news, VP Brian K. Miller sold 7,300 shares of Tyler Technologies stock in a transaction that occurred on Friday, June 15th. The shares were sold at an average price of $235.52, for a total transaction of $1,719,296.00. Following the transaction, the vice president now directly owns 50,286 shares of the company’s stock, valued at $11,843,358.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO H Lynn Moore, Jr. sold 9,200 shares of Tyler Technologies stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $245.27, for a total transaction of $2,256,484.00. Following the transaction, the chief executive officer now directly owns 67,147 shares in the company, valued at $16,469,144.69. The disclosure for this sale can be found here. Over the last three months, insiders have sold 154,505 shares of company stock worth $37,015,511. 4.70% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of TYL. Commonwealth Equity Services LLC grew its holdings in Tyler Technologies by 11.6% in the second quarter. Commonwealth Equity Services LLC now owns 2,153 shares of the technology company’s stock worth $478,000 after purchasing an additional 223 shares during the last quarter. Zacks Investment Management grew its holdings in shares of Tyler Technologies by 5.7% during the second quarter. Zacks Investment Management now owns 4,877 shares of the technology company’s stock valued at $1,083,000 after buying an additional 261 shares during the last quarter. United Capital Financial Advisers LLC grew its holdings in shares of Tyler Technologies by 1.1% during the first quarter. United Capital Financial Advisers LLC now owns 24,681 shares of the technology company’s stock valued at $5,207,000 after buying an additional 269 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Tyler Technologies by 3.2% during the second quarter. Louisiana State Employees Retirement System now owns 9,600 shares of the technology company’s stock valued at $2,132,000 after buying an additional 300 shares during the last quarter. Finally, State Treasurer State of Michigan grew its holdings in shares of Tyler Technologies by 2.3% during the second quarter. State Treasurer State of Michigan now owns 13,100 shares of the technology company’s stock valued at $2,910,000 after buying an additional 300 shares during the last quarter. 92.23% of the stock is currently owned by institutional investors.

About Tyler Technologies

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector in the United States and internationally. It operates through two segments, Enterprise Software, and Appraisal and Tax. The company's financial management solutions include modular fund accounting systems for government agencies or not-for-profit entities; and utility billing systems for the billing and collection of metered and non-metered services.

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Analyst Recommendations for Tyler Technologies (NYSE:TYL)

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