Shares of Tyler Technologies (NYSE:TYL) hit a new 52-week higher on Thursday following a stronger than anticipated earnings report, reports. Finally, analysts at Benchmark Co. raised their cost target on shares of Tyler Technologies from $45.00 to $47.00 in a research note to investors on Monday, September 24th. B. Riley raised their target price on Tyler Technologies to $113.00 and gave the stock a neutral rating in a study note on Monday, July 20th. Sell-side research firms use various terminology for their stock suggestions.
The firm has a marketplace capitalization of $five.77 billion and a P/E ratio of 85.44. Tyler Technologies has a 12-month low of $103.18 and a 12-month higher of $179.31. The stock has a 50 day moving average of $159.76 and a 200-day moving average of $138.32. On typical, equities analysis analysts predict that Tyler Technologies will post $two.60 EPS for the existing fiscal year. JMP Securities initiated coverage on Tyler Technologies in a investigation report on Tuesday, July 7th. Needham & Firm LLC assumed coverage on Tyler Technologies in a study note on Tuesday, July 14th.
Zacks upgraded Tyler Technologies from a hold rating to a buy rating and set a $156.00 price target for the company in a investigation report on Wednesday, July 22nd. Finally, Northland Securities raised their value objective on Tyler Technologies from $140.00 to $160.00 and gave the organization an outperform rating in a report on Thursday, July 23rd. Three analysis analysts have rated the stock with a hold rating and eight have issued a purchase rating to the company. This is determined by dividing its existing cost per share by its earnings per share.
Beneath the agreement’s terms, Tyler will obtain the greater portion of the equity in New Planet Systems for $360 million in genuine money and around two.1 million shares of Tyler’s typical stock, speaking to roughly 5.9 % of Tyler’s extraordinary basic shares post exchange, subject to regular post-shutting adjustments. The funds part of the purchase value will be funded from income close by and continues from a new rotating credit office.
These assessments are non-GAAP measures that mirror certain adjustments Tyler makes to give understanding into working final results. Tyler plans to integrate its OdysseyÂ® courts and equity arrangement with the Aegis public safety stage to make an exciting end-to-end undertaking criminal equity arrangement. Whilst New World Systems is Tyler’s largest acquisition to date, Tyler has a extended and fruitful reputation of making worth by way of inorganic improvement.