Tyler Technologies (NYSE:TYL) Given New $715.00 Price Target at Barclays

Tyler Technologies (NYSE:TYL) had its price objective boosted by Barclays from $705.00 to $715.00 in a report issued on Friday,Benzinga reports. Barclays currently has an overweight rating on the technology company’s stock.

Other equities analysts have also recently issued reports about the stock. Wells Fargo & Company reissued an “equal weight” rating and set a $615.00 price target (down from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. StockNews.com lowered Tyler Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 6th. DA Davidson restated a “neutral” rating and issued a $575.00 price target on shares of Tyler Technologies in a report on Thursday, January 30th. JMP Securities lifted their price objective on Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a report on Friday, October 25th. Finally, Oppenheimer increased their target price on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $656.92.

Tyler Technologies Trading Down 0.7 %

NYSE:TYL opened at $642.39 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. Tyler Technologies has a 1-year low of $397.80 and a 1-year high of $661.31. The firm has a market capitalization of $27.49 billion, a price-to-earnings ratio of 117.22, a PEG ratio of 4.78 and a beta of 0.78. The business’s 50-day moving average price is $596.21 and its two-hundred day moving average price is $594.15.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. On average, equities analysts expect that Tyler Technologies will post 7.36 earnings per share for the current year.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 2,500 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $632.01, for a total transaction of $1,580,025.00. Following the sale, the chief financial officer now directly owns 12,198 shares of the company’s stock, valued at $7,709,257.98. The trade was a 17.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $633.55, for a total transaction of $3,801,300.00. Following the transaction, the insider now owns 6,983 shares of the company’s stock, valued at approximately $4,424,079.65. This represents a 46.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,502 shares of company stock valued at $18,941,368 over the last 90 days. 2.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TYL. Wahed Invest LLC boosted its holdings in shares of Tyler Technologies by 5.2% in the 4th quarter. Wahed Invest LLC now owns 1,081 shares of the technology company’s stock valued at $623,000 after buying an additional 53 shares during the last quarter. Bwcp LP lifted its stake in Tyler Technologies by 47.1% in the fourth quarter. Bwcp LP now owns 25,276 shares of the technology company’s stock valued at $14,575,000 after acquiring an additional 8,094 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of Tyler Technologies by 24.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,173 shares of the technology company’s stock valued at $1,253,000 after acquiring an additional 429 shares during the period. Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Tyler Technologies during the 4th quarter worth about $27,488,000. Finally, Freestone Grove Partners LP bought a new stake in shares of Tyler Technologies in the 4th quarter valued at about $607,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

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.