Zacks Investment Research Downgrades Tyler Technologies, Inc. (TYL) to Sell

Tyler Technologies, Inc. (NYSE:TYL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday, August 1st.

According to Zacks, “Tyler Technologies, Inc. is engaged in providing integrated information management solutions and services to the public sector. It provides software products and services; professional IT services; subscription-based services; property appraisal outsourcing services. Its products generally automate three major functional areas (1) financial management and education, (2) courts and justice and (3) property appraisal and tax. Tyler operates in two reportable segments: Enterprise Software Solutions (ESS) and Appraisal and Tax Software Solutions and Services. The Enterprise Software Solutions (ESS) segment provides software systems to municipal and county governments and schools. The Appraisal and Tax Software Solutions and Services 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. Tyler Technologies, Inc. is headquartered in Dallas, Texas. “

Other research analysts have also issued reports about the stock. Maxim Group set a $197.00 price target on shares of Tyler Technologies and gave the company a “buy” rating in a research report on Thursday, July 27th. BidaskClub lowered shares of Tyler Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, B. Riley restated a “buy” rating and set a $184.00 price target on shares of Tyler Technologies in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $187.17.

Shares of Tyler Technologies (TYL) opened at 169.76 on Tuesday. The stock has a market capitalization of $6.33 billion, a P/E ratio of 50.86 and a beta of 0.95. The company has a 50-day moving average price of $172.80 and a 200 day moving average price of $163.87. Tyler Technologies has a 52 week low of $139.61 and a 52 week high of $182.49.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by $0.03. Tyler Technologies had a net margin of 14.73% and a return on equity of 13.02%. The business had revenue of $209.12 million during the quarter, compared to analysts’ expectations of $210.67 million. During the same quarter in the prior year, the firm posted $0.86 earnings per share. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. Analysts forecast that Tyler Technologies will post $3.87 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Zacks Investment Research Downgrades Tyler Technologies, Inc. (TYL) to Sell” was originally posted by Community Financial News and is the property of of Community Financial News. If you are reading this article on another website, it was stolen and republished in violation of U.S. and international copyright & trademark law. The legal version of this article can be viewed at https://www.com-unik.info/2017/08/19/tyler-technologies-inc-tyl-lowered-to-sell-at-zacks-investment-research-updated-updated.html.

In other Tyler Technologies news, CEO John S. Marr, Jr. sold 5,000 shares of the business’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $170.07, for a total value of $850,350.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Larry D. Leinweber sold 36,000 shares of the business’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $170.54, for a total transaction of $6,139,440.00. The disclosure for this sale can be found here. Insiders sold 228,753 shares of company stock valued at $39,149,919 over the last three months. 10.30% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in TYL. Personal Capital Advisors Corp boosted its stake in shares of Tyler Technologies by 13.9% in the first quarter. Personal Capital Advisors Corp now owns 97,470 shares of the technology company’s stock worth $15,107,000 after buying an additional 11,862 shares during the period. NBW Capital LLC boosted its stake in shares of Tyler Technologies by 27.9% in the first quarter. NBW Capital LLC now owns 33,380 shares of the technology company’s stock worth $5,159,000 after buying an additional 7,278 shares during the period. Retirement Systems of Alabama boosted its stake in shares of Tyler Technologies by 0.5% in the first quarter. Retirement Systems of Alabama now owns 43,266 shares of the technology company’s stock worth $6,687,000 after buying an additional 226 shares during the period. Conestoga Capital Advisors LLC boosted its stake in shares of Tyler Technologies by 2.0% in the first quarter. Conestoga Capital Advisors LLC now owns 213,308 shares of the technology company’s stock worth $32,969,000 after buying an additional 4,115 shares during the period. Finally, Louisiana State Employees Retirement System increased its position in shares of Tyler Technologies by 3.7% in the first quarter. Louisiana State Employees Retirement System now owns 8,500 shares of the technology company’s stock valued at $1,314,000 after buying an additional 300 shares in the last quarter. Institutional investors own 90.01% 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.

Get a free copy of the Zacks research report on Tyler Technologies (TYL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Tyler Technologies (NYSE:TYL)

What are top analysts saying about Tyler Technologies Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Tyler Technologies Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit