Shares of Tyler Technologies, Inc. (NYSE:TYL) have been given an average rating of “Buy” by the nine analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $200.67.
TYL has been the subject of several research analyst reports. Needham & Company LLC restated a “buy” rating on shares of Tyler Technologies in a research report on Tuesday, October 24th. Zacks Investment Research lowered Tyler Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Piper Jaffray Companies restated a “buy” rating and set a $200.00 price target on shares of Tyler Technologies in a research report on Friday, October 27th. B. Riley lowered Tyler Technologies from a “buy” rating to a “neutral” rating and set a $184.00 price target for the company. in a research report on Friday, October 27th. Finally, Maxim Group set a $197.00 price target on Tyler Technologies and gave the stock a “buy” rating in a research report on Thursday, October 26th.
In related news, CEO John S. Marr, Jr. sold 17,000 shares of Tyler Technologies stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $184.93, for a total value of $3,143,810.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Larry D. Leinweber sold 64,612 shares of Tyler Technologies stock in a transaction on Friday, December 15th. The shares were sold at an average price of $180.85, for a total value of $11,685,080.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 245,007 shares of company stock valued at $44,562,523. 10.30% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in Tyler Technologies by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 132,988 shares of the technology company’s stock valued at $23,363,000 after buying an additional 2,000 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Tyler Technologies by 2.4% in the second quarter. The Manufacturers Life Insurance Company now owns 49,675 shares of the technology company’s stock valued at $8,726,000 after buying an additional 1,185 shares in the last quarter. Bank of Nova Scotia acquired a new stake in Tyler Technologies in the second quarter valued at $1,163,000. Mutual of America Capital Management LLC raised its stake in Tyler Technologies by 2.6% in the third quarter. Mutual of America Capital Management LLC now owns 28,257 shares of the technology company’s stock valued at $4,926,000 after buying an additional 723 shares in the last quarter. Finally, Personal Capital Advisors Corp raised its stake in Tyler Technologies by 4.9% in the third quarter. Personal Capital Advisors Corp now owns 108,971 shares of the technology company’s stock valued at $18,996,000 after buying an additional 5,119 shares in the last quarter. Hedge funds and other institutional investors own 94.30% of the company’s stock.
Tyler Technologies (NYSE:TYL) opened at $205.81 on Tuesday. Tyler Technologies has a 52-week low of $151.37 and a 52-week high of $208.26. The company has a market capitalization of $7,730.00, a price-to-earnings ratio of 52.91 and a beta of 1.00.
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About Tyler Technologies
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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