Tyler Technologies (TYL) Receives a Buy from Piper Sandler

In a report released today, Clarke Jeffries from Piper Sandler maintained a Buy rating on Tyler Technologies (TYL – Research Report), with a price target of $529.00. The company’s shares closed yesterday at $458.07.

Jeffries covers the Technology sector, focusing on stocks such as Trimble, Cadence Design, and Tyler Technologies. According to TipRanks, Jeffries has an average return of 0.4% and a 49.53% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Tyler Technologies with a $501.50 average price target, which is a 9.48% upside from current levels. In a report released today, JMP Securities also reiterated a Buy rating on the stock with a $490.00 price target.

TYL market cap is currently $17.69B and has a P/E ratio of 107.90.

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TYL in relation to earlier this year. Last month, Jeffrey David Puckett, the COO of TYL sold 3,547.00 shares for a total of $1,511,723.53.

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Tyler Technologies (TYL) Company Description:

Tyler Technologies, Inc. engages in the provision of integrated technology and management solutions and services for public sector with a focus on local governments. It operates through the Enterprise Software, and Appraisal and Tax segments. The Enterprise Software segment provides municipal and county governments and schools with software systems to meet their information technology and automation needs for mission-critical back-office functions such as financial management, courts, and justice processes. The Appraisal and Tax segment provides systems and software that automate the appraisal and assessment of real and personal property, as well as property appraisal outsourcing services for local governments and taxing authorities. The company was founded in 1966 and is headquartered in Plano, TX.