Tyler Technologies (NYSE:TYL) Receives “Neutral” Rating from DA Davidson

DA Davidson reiterated their neutral rating on shares of Tyler Technologies (NYSE:TYL) in a report issued on Thursday,Benzinga reports. They currently have a $575.00 price objective on the technology company’s stock.

Other research analysts have also recently issued reports about the stock. Truist Financial reissued a “buy” rating and issued a $685.00 price objective (up from $600.00) on shares of Tyler Technologies in a research note on Friday, October 25th. Robert W. Baird lifted their price target on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. JMP Securities raised their price objective on Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a research note on Friday, October 25th. StockNews.com downgraded Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Finally, Barclays raised their price target on shares of Tyler Technologies from $700.00 to $705.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $645.69.

Tyler Technologies Trading Down 1.5 %

Shares of Tyler Technologies stock opened at $598.41 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18. Tyler Technologies has a 12-month low of $397.80 and a 12-month high of $638.56. The company has a market capitalization of $25.61 billion, a price-to-earnings ratio of 109.20, a PEG ratio of 4.72 and a beta of 0.78. The firm’s 50-day moving average price is $598.62 and its two-hundred day moving average price is $588.29.

Insider Buying and Selling

In other news, CEO H Lynn Moore, Jr. sold 3,250 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $631.41, for a total value of $2,052,082.50. Following the sale, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $47,355,750. This represents a 4.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Brian K. Miller sold 2,500 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $624.41, for a total transaction of $1,561,025.00. Following the completion of the transaction, the chief financial officer now owns 11,950 shares in the company, valued at approximately $7,461,699.50. The trade was a 17.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,252 shares of company stock valued at $26,096,928 over the last 90 days. 2.20% of the stock is owned by insiders.

Institutional Trading of Tyler Technologies

A number of large investors have recently bought and sold shares of the business. Ashton Thomas Securities LLC bought a new stake in shares of Tyler Technologies during the 3rd quarter valued at about $27,000. Sierra Ocean LLC bought a new stake in Tyler Technologies in the fourth quarter worth approximately $32,000. Tobam bought a new stake in Tyler Technologies in the third quarter worth approximately $78,000. Quarry LP bought a new position in shares of Tyler Technologies during the 3rd quarter worth approximately $78,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of Tyler Technologies by 18.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock worth $78,000 after buying an additional 21 shares during the period. 93.30% of the stock is currently owned by institutional investors and hedge funds.

About Tyler Technologies

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. It operates in two segments, Enterprise Software and Platform Technologies. The company offers platform and transformative technology solutions, including cybersecurity for government agencies; data and insights solutions; digital solutions that helps workers and policymakers to share, communicate, and leverage data; payments solutions, such as billing, presentment, merchant onboarding, collections, reconciliation, and disbursements; platform technologies, an application development platform that enables government workers to build solutions and applications; and outdoor recreation solutions, including campsite reservations, activity registrations, licensing sales and renewals, and real-time data for conservation and park management.