Tyler Technologies, Inc. (TYL) Given a $197.00 Price Target by Maxim Group Analysts

Tyler Technologies, Inc. (NYSE:TYL) has been assigned a $197.00 target price by stock analysts at Maxim Group in a report issued on Monday, July 17th. The brokerage presently has a “buy” rating on the technology company’s stock. Maxim Group’s price objective indicates a potential upside of 15.52% from the stock’s current price.

The analysts wrote, “On June 30th, Vermont announced that it has selected TYL’s Odyssey case management system to implement statewide and roll-out by 2021.””

Several other research analysts also recently commented on TYL. Zacks Investment Research upgraded Tyler Technologies from a “hold” rating to a “strong-buy” rating and set a $201.00 target price for the company in a research note on Thursday, June 29th. B. Riley reaffirmed a “buy” rating and issued a $184.00 price objective on shares of Tyler Technologies in a report on Sunday, May 14th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $187.17.

Shares of Tyler Technologies (NYSE TYL) traded up 0.52% during midday trading on Monday, hitting $170.53. The company had a trading volume of 97,691 shares. The firm has a market capitalization of $6.36 billion, a P/E ratio of 51.09 and a beta of 0.95. Tyler Technologies has a 12-month low of $139.61 and a 12-month high of $182.49. The firm’s 50-day moving average is $173.84 and its 200-day moving average is $162.19.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.91 earnings per share (EPS) for the quarter, missing the Zacks’ 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 return on equity of 13.02% and a net margin of 14.73%. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.86 earnings per share. On average, analysts predict that Tyler Technologies will post $3.86 earnings per share for the current fiscal year.

In other Tyler Technologies news, President H Lynn Moore, Jr. sold 5,984 shares of the company’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $170.03, for a total value of $1,017,459.52. Following the sale, the president now owns 56,997 shares in the company, valued at approximately $9,691,199.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Brian K. Miller sold 1,240 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $174.50, for a total value of $216,380.00. Following the completion of the sale, the vice president now owns 47,989 shares in the company, valued at approximately $8,374,080.50. The disclosure for this sale can be found here. Insiders have sold a total of 391,147 shares of company stock worth $65,917,270 in the last 90 days. 10.30% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in TYL. Assetmark Inc. raised its stake in Tyler Technologies by 15.1% in the first quarter. Assetmark Inc. now owns 761 shares of the technology company’s stock worth $118,000 after buying an additional 100 shares during the period. YHB Investment Advisors Inc. bought a new stake in Tyler Technologies during the second quarter worth approximately $209,000. Lakeview Capital Partners LLC acquired a new stake in shares of Tyler Technologies during the second quarter valued at approximately $211,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Tyler Technologies by 32.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,298 shares of the technology company’s stock valued at $201,000 after buying an additional 317 shares during the last quarter. Finally, New England Research & Management Inc. acquired a new stake in shares of Tyler Technologies during the first quarter valued at approximately $201,000. Hedge funds and other institutional investors own 90.31% of the company’s stock.

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.