A share price of Tyler Technologies, Inc. [TYL] is currently trading at $590.65, up 4.66%. An important factor to consider is whether the stock is rising or falling in short-term value. The TYL shares have gain 12.65% over the last week, with a monthly amount glided 20.88%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Tyler Technologies, Inc. [NYSE: TYL] stock has seen the most recent analyst activity on May 21, 2024, when Needham reiterated its Buy rating and also boosted its price target to $600 from $500. Previously, Oppenheimer reaffirmed its Outperform rating on April 26, 2024, and elevated its price target to $500. Oppenheimer started tracking the stock assigning a Outperform rating and suggested a price target of $450 on October 17, 2023. JP Morgan initiated its recommendation with a Overweight and recommended $472 as its price target on June 21, 2023. Wolfe Research reiterated a Outperform rating for this stock on April 28, 2023, and upped its price target to $425. In a note dated April 28, 2023, Wells Fargo reiterated an Overweight rating on this stock and boosted its target price from $410 to $425.
Tyler Technologies, Inc. experienced fluctuations in its stock price throughout the past year between $361.16 and $572.80. Currently, Wall Street analysts expect the stock to reach $538.6 within the next 12 months. Tyler Technologies, Inc. [NYSE: TYL] shares were valued at $590.65 at the most recent close of the market. An investor can expect a potential drop of -8.81% based on the average TYL price forecast.
Analyzing the TYL fundamentals
Trailing Twelve Months sales for Tyler Technologies, Inc. [NYSE:TYL] were 2.03B which represents 7.28% growth. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.07 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.19.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 575.43 points at the first support level, and at 560.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 599.68, and for the 2nd resistance point, it is at 608.72.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Tyler Technologies, Inc. [NYSE:TYL] is 1.06. On the other hand, the Quick Ratio is 0.94, and the Cash Ratio is 0.25. Considering the valuation of this stock, the price to sales ratio is 12.36, the price to book ratio is 8.29 and price to earnings (TTM) ratio is 122.30.
Transactions by insiders
Recent insider trading involved MILLER BRIAN K, Executive VP and CFO, that happened on Jun 12 ’24 when 800.0 shares were sold. Executive VP and CFO, MILLER BRIAN K completed a deal on Jun 11 ’24 to sell 800.0 shares. Meanwhile, Executive Chair of the Board MARR JOHN S JR sold 6000.0 shares on Jun 06 ’24.
