Fintel reports that on July 27, 2023, Piper Sandler reiterated coverage of Tyler Technologies (NYSE:TYL) with a Overweight recommendation.
Analyst Price Forecast Suggests 15.22% Upside
As of July 6, 2023, the average one-year price target for Tyler Technologies is 441.76. The forecasts range from a low of 355.52 to a high of $525.00. The average price target represents an increase of 15.22% from its latest reported closing price of 383.39.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Tyler Technologies is 2,017MM, an increase of 6.07%. The projected annual non-GAAP EPS is 7.85.
What is the Fund Sentiment?
There are 1321 funds or institutions reporting positions in Tyler Technologies. This is an increase of 50 owner(s) or 3.93% in the last quarter. Average portfolio weight of all funds dedicated to TYL is 0.33%, an increase of 16.49%. Total shares owned by institutions increased in the last three months by 0.11% to 46,520K shares. 
The put/call ratio of TYL is 0.48, indicating a bullish outlook.
What are Other Shareholders Doing?
Alliancebernstein holds 1,620K shares representing 3.86% ownership of the company. In it's prior filing, the firm reported owning 1,719K shares, representing a decrease of 6.11%. The firm decreased its portfolio allocation in TYL by 16.47% over the last quarter.
APG Asset Management N.V. holds 1,360K shares representing 3.24% ownership of the company. In it's prior filing, the firm reported owning 1,348K shares, representing an increase of 0.90%. The firm increased its portfolio allocation in TYL by 14.02% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,295K shares representing 3.09% ownership of the company. In it's prior filing, the firm reported owning 1,265K shares, representing an increase of 2.32%. The firm increased its portfolio allocation in TYL by 3.98% over the last quarter.
Principal Financial Group holds 1,290K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 1,305K shares, representing a decrease of 1.17%. The firm decreased its portfolio allocation in TYL by 41.44% over the last quarter.
Franklin Resources holds 982K shares representing 2.34% ownership of the company. In it's prior filing, the firm reported owning 1,099K shares, representing a decrease of 11.89%. The firm decreased its portfolio allocation in TYL by 78.95% over the last quarter.
Tyler Technologies Background Information
(This description is provided by the company.)
Tyler Technologies provides integrated software and technology services to the public sector. Tyler's end-to-end solutions empower local, state, and federal government entities to operate more efficiently and connect more transparently with their constituents and with each other. By connecting data and processes across disparate systems, Tyler's solutions are transforming how clients gain actionable insights that solve problems in their communities. Tyler has more than 27,000 successful installations across more than 11,000 sites, with clients in all 50 states, Canada, the Caribbean, Australia, and other international locations. Tyler has been named to Government Technology's GovTech 100 list five times and has been recognized three times on Forbes' 'Most Innovative Growth Companies' list.
Additional reading:
- Tyler Technologies Reports Earnings for Second Quarter 2023 Double-digit organic growth driven by 20% increase in SaaS revenues
- Revised Insider Trading Policy of Tyler Technologies, Inc., dated July 20, 2023,(filed as exhibit 10.1 to our Form 10-Q dated July 26, 2023, and incorporated by reference herein).
- Amended and Restated Bylaws of Tyler Technologies, Inc. dated May 11, 2023
- Tyler Technologies Reports Earnings for First Quarter 2023 SaaS revenues grew 24.4%
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This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
