Wells Fargo analyst Michael Turrin maintained a Buy rating on Tyler Technologies (TYL – Research Report) yesterday and set a price target of $480.00. The company’s shares closed yesterday at $419.29.
Turrin covers the Technology sector, focusing on stocks such as Microsoft, HubSpot, and DocuSign. According to TipRanks, Turrin has an average return of -3.8% and a 47.73% success rate on recommended stocks.
Currently, the analyst consensus on Tyler Technologies is a Strong Buy with an average price target of $489.83, which is a 16.82% upside from current levels. In a report released on March 12, Robert W. Baird also reiterated a Buy rating on the stock with a $500.00 price target.
The company has a one-year high of $454.74 and a one-year low of $319.63. Currently, Tyler Technologies has an average volume of 196.8K.
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. Earlier this 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.
Read More on TYL:
- Tyler Technologies signs agreement with Maryland
- Tyler Technologies to provide Cannabis Licensing to the Commonwealth of Kentucky
- Tyler Technologies price target raised to $434 from $412 at DA Davidson
- Tyler Technologies price target raised to $520 from $480 at Piper Sandler
- Tyler Technologies price target raised to $480 from $460 at Wells Fargo
