Tyler Technologies (TYL) Receives a Buy from Wells Fargo

Wells Fargo analyst Michael Turrin maintained a Buy rating on Tyler Technologies (TYL – Research Report) yesterday and set a price target of $550.00. The company’s shares closed yesterday at $508.56.

Turrin covers the Technology sector, focusing on stocks such as HubSpot, 8X8, and Adobe. According to TipRanks, Turrin has an average return of -2.7% and a 51.00% success rate on recommended stocks.

Tyler Technologies has an analyst consensus of Strong Buy, with a price target consensus of $544.27, representing a 7.02% upside. In a report released on June 28, J.P. Morgan also assigned a Buy rating to the stock with a $630.00 price target.

The company has a one-year high of $519.44 and a one-year low of $361.16. Currently, Tyler Technologies has an average volume of 241.9K.

Based on the recent corporate insider activity of 77 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, John Marr, the Executive Chair of the Board of TYL sold 12,000.00 shares for a total of $5,808,851.12.

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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.