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Analysts Set Tyler Technologies, Inc. (NYSE:TYL) PT at $193.28
February 7th, 2016 - By Faye Duncan - 0 comments
Tyler Technologies logoShares of Tyler Technologies, Inc. (NYSE:TYL) have been given an average recommendation of “Buy” by the eleven ratings firms that are covering the company, AnalystRatingsNetwork.com reports. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $193.28.
Tyler Technologies (NYSE:TYL) opened at 138.30 on Tuesday. The company has a market capitalization of $4.69 billion and a PE ratio of 69.46. Tyler Technologies has a 52 week low of $109.82 and a 52 week high of $184.01. The company has a 50-day moving average of $163.85 and a 200-day moving average of $158.85.
In related news, Chairman John M. Yeaman sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 15th. The shares were sold at an average price of $173.97, for a total transaction of $695,880.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Brian K. Miller sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, November 19th. The shares were sold at an average price of $175.13, for a total transaction of $1,050,780.00. Following the sale, the chief financial officer now owns 60,963 shares in the company, valued at $10,676,450.19. The disclosure for this sale can be found here.
Other hedge funds have made changes to their positions in the company. CenturyLink Investment Management Co acquired a new stake in shares of Tyler Technologies during the fourth quarter worth approximately $611,000. Personal Capital Advisors Corp boosted its stake in shares of Tyler Technologies by 2.6% in the fourth quarter. Personal Capital Advisors Corp now owns 55,344 shares of the com
From 20 points down at the opening to 14 points down at the closing, this was a big price improved. I guess this share price will continue to recover Monday. For those who purchased the share at $132 or $133, it was a good entry point.