KeyBanc Maintains a Hold Rating on Tyler Technologies

In a report released today, Brent Bracelin from KeyBanc maintained a Hold rating on Tyler Technologies (NYSE: TYL). The company’s shares opened today at $216.98.

Bracelin noted:

“We are raising our revenue estimates to factor in these two acquisitions, but lowering EPS and FCF on acquisition expenses and rising R&D investments. Our Sector Weight rating reflects a balanced risk-reward after shares have risen 32% y/y vs. NASDAQ +17%. Key Investment Points Results: Subscription mix shift continues to surprise.”

According to TipRanks.com, Bracelin is a top 100 analyst with an average return of 19.1% and a 75.5% success rate. Bracelin covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Microsoft Corp, and Salesforce.com.

Currently, the analyst consensus on Tyler Technologies is Moderate Buy and the average price target is $229.86, representing a 5.9% upside.

In a report issued on April 20, Euro Pacific Capital also maintained a Hold rating on the stock.

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Tyler Technologies’ market cap is currently $8.3B and has a P/E ratio of 52.56. The company has a book value ratio of 7.1149.

Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2018, Glenn Carter, a Director at TYL sold 1,000 shares for a total of $210,990.

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. provides integrated technology and management solutions and services for public sector with a focus on local governments. It develops and markets a broad line of software products and.