Tyler Technologies (TYL) Receives a New Rating from a Top Analyst

Needham analyst Scott Berg assigned a Buy rating to Tyler Technologies (TYL) today and set a price target of $460.00. The company’s shares closed last Tuesday at $424.67.

According to TipRanks.com, Berg is a top 25 analyst with an average return of 31.0% and a 75.0% success rate. Berg covers the Technology sector, focusing on stocks such as GTY Technology Holdings, BigCommerce Holdings, and Cornerstone Ondemand.

Tyler Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $433.00.

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Tyler Technologies’ market cap is currently $17.33B and has a P/E ratio of 95.70. The company has a Price to Book ratio of 24.57.

Based on the recent corporate insider activity of 65 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. Most recently, in December 2020, Lynn Moore, the President & CEO of TYL sold 5,924 shares for a total of $2,665,741.

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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