Truist Financial analyst Terry Tillman maintained a Buy rating on Tyler Technologies (TYL – Research Report) today. The company’s shares closed yesterday at $419.00.
Tillman covers the Technology sector, focusing on stocks such as Manhattan Associates, SS&C Technologies Holdings, and Q2 Holdings. According to TipRanks, Tillman has an average return of 17.2% and a 60.12% 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 16.90% upside from current levels. In a report released today, Needham also maintained a Buy rating on the stock with a $500.00 price target.
Based on Tyler Technologies’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $480.94 million and a net profit of $38.9 million. In comparison, last year the company earned a revenue of $452.22 million and had a net profit of $31.08 million
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.
