Tyler Technologies (NYSE:TYL) had its price target lifted by equities researchers at Maxim Group from $197.00 to $220.00 in a report released on Friday, February 16th, MarketBeat.com reports. The brokerage presently has a “buy” rating on the technology company’s stock. Maxim Group’s price target would suggest a potential upside of 5.14% from the stock’s current price.
A number of other research firms have also recently issued reports on TYL. Piper Jaffray Companies reiterated an “overweight” rating and issued a $220.00 target price on shares of Tyler Technologies in a research report on Tuesday, January 16th. B. Riley cut Tyler Technologies from a “buy” rating to a “neutral” rating and set a $184.00 target price on the stock. in a research report on Friday, October 27th. Zacks Investment Research cut Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Tyler Technologies in a research report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $207.00.
Shares of Tyler Technologies (NYSE:TYL) traded down $0.23 during midday trading on Friday, hitting $209.25. The company had a trading volume of 336,823 shares, compared to its average volume of 219,662. Tyler Technologies has a 52 week low of $152.00 and a 52 week high of $213.38. The company has a market capitalization of $7,870.00, a PE ratio of 57.64 and a beta of 0.97.
In other news, CFO Brian K. Miller sold 12,000 shares of Tyler Technologies stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $179.75, for a total transaction of $2,157,000.00. Following the sale, the chief financial officer now directly owns 56,694 shares of the company’s stock, valued at $10,190,746.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dustin R. Womble sold 20,000 shares of Tyler Technologies stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $211.12, for a total value of $4,222,400.00. Following the sale, the director now directly owns 1,500 shares in the company, valued at $316,680. The disclosure for this sale can be found here. Insiders have sold 197,194 shares of company stock worth $38,736,004 over the last three months. Insiders own 10.30% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Zions Bancorporation acquired a new position in shares of Tyler Technologies in the third quarter worth approximately $156,000. San Francisco Sentry Investment Group CA lifted its stake in shares of Tyler Technologies by 1,334.7% in the fourth quarter. San Francisco Sentry Investment Group CA now owns 1,076 shares of the technology company’s stock worth $191,000 after acquiring an additional 1,001 shares during the period. CIBC Asset Management Inc acquired a new position in shares of Tyler Technologies in the third quarter worth approximately $218,000. Stone Ridge Asset Management LLC acquired a new position in shares of Tyler Technologies in the fourth quarter worth approximately $229,000. Finally, MML Investors Services LLC acquired a new position in shares of Tyler Technologies in the fourth quarter worth approximately $253,000. 94.47% of the stock is currently owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY NOTICE: “Tyler Technologies (TYL) Given New $220.00 Price Target at Maxim Group” was first published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright and trademark law. The original version of this piece of content can be viewed at https://stocknewstimes.com/2018/03/14/tyler-technologies-tyl-pt-raised-to-220-00.html.
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.
Receive News & Ratings for Tyler Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyler Technologies and related companies with MarketBeat.com's FREE daily email newsletter.