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BTIG Sticks to Their Buy Rating for Tyler Technologies (TYL)

BTIG analyst Matthew VanVliet reiterated a Buy rating on Tyler Technologies (TYLResearch Report) on July 27 and set a price target of $585.00. The company’s shares closed last Thursday at $398.35.

According to TipRanks.com, VanVliet is ranked 0 out of 5 stars with an average return of -12.7% and a 31.4% success rate. VanVliet covers the Technology sector, focusing on stocks such as Zoom Video Communications, Instructure Holdings, and Bill.com Holdings.

Tyler Technologies has an analyst consensus of Strong Buy, with a price target consensus of $452.25, representing a 22.9% upside. In a report issued on July 18, Piper Sandler also maintained a Buy rating on the stock with a $405.00 price target.

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Tyler Technologies’ market cap is currently $15.53B and has a P/E ratio of 96.45.

Based on the recent corporate insider activity of 51 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, Lynn Moore, the President & CEO of TYL bought 10,583 shares for a total of $99,950.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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