Tyler Technologies (NYSE:TYL)‘s stock had its “buy” rating restated by equities research analysts at Morgan Stanley in a research note issued to investors on Tuesday, AnalystRatings.Net reports. They currently have a $39.00 price objective on the stock. Morgan Stanley’s target price indicates a potential downside of 49.87% from the stock’s previous close.
Tyler Technologies (NYSE: TYL) traded down 0.86% on Tuesday, hitting $77.12. Tyler Technologies has a 52-week low of $36.99 and a 52-week high of $78.32. The stock’s 50-day moving average is currently $70.92. The company has a market cap of $2.430 billion and a price-to-earnings ratio of 72.16.
Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.34 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.31 by $0.03. The company had revenue of $95.80 million for the quarter, compared to the consensus estimate of $96.27 million. During the same quarter last year, the company posted $0.17 earnings per share. Tyler Technologies’s revenue was up 15.8% compared to the same quarter last year. Tyler Technologies has set its FY13 guidance at $1.42-1.50 EPS. On average, analysts predict that Tyler Technologies will post $1.48 earnings per share for the current fiscal year.
TYL has been the subject of a number of other recent research reports. Analysts at Northland Securities raised their price target on shares of Tyler Technologies from $70.00 to $90.00 in a research note to investors on Tuesday. Separately, analysts at Northland Capital Partners raised their price target on shares of Tyler Technologies from $70.00 to $90.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Finally, analysts at Benchmark Co. raised their price target on shares of Tyler Technologies from $67.00 to $83.00 in a research note to investors on Wednesday, July 17th. They now have a “buy” rating on the stock.
Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Tyler Technologies presently has an average rating of “Buy” and a consensus target price of $64.44.
Tyler Technologies, Inc (NYSE: TYL) is a provider of integrated information management solutions and services for the public sector, with a focus on local governments.