Tyler Technologies Inc. (NYSE:TYL) went up by 1.40% during the previous trading session, and it is maintaining the win ahead of Thursday’s trading session. The share price of the Software – Application giant went up by $355.22 to trade ended Thursday trading at $350.32. This is up from the $350.32 price recorded on Wednesday’s trading session. Thanks to this latest performance, TYL is closer to the higher price 52-week target of $380.00 and further from the lowest price target of $275.00. Its performance from the start of the year has also been positive, with TYL up by 18.40% year-to-date.
Tyler Technologies Inc. (TYL) started the day trading at $351.49 and recorded an intraday high of $357.34. It also recorded an intraday low of $350.39 during Thursday’s trading session. Tyler Technologies Inc. is a very active stock that recorded a trading volume that is less than -42.07% of the average daily trading volume on Thursday. The stock’s trading volume on Thursday was 350822, which is less than -42.07 of the total average daily trading volume of 498.41K.
Tyler Technologies Inc. (NYSE:TYL) 2020 Performance Impressive
The increase in TYL’s stock price on Thursday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of TYL currently stands at $382.92, which is higher than the current trading price of the stock by 7.23%. However, TYL’s current trading price is -63.52% lower than the 52-week low price of $217.24. In terms of trading volume, Tyler Technologies Inc. currently experienced healthy participation during the last trading session. 350822 shares of Tyler Technologies Inc. were traded on the stock exchange on Thursday, which is less than -42.07% of the 498.41K average trading volume of the stock.
The performance of the stock has been positive over the past year. TYL’s performance over the past one year has seen it surge by 60.69%, while the stock has gone up by 15.99% in the last six months. The quarterly performance of TYL currently stands at 26.71%, and it is down by -6.06% in the last month. The only positive figure was from the weekly performance, which currently reads 4.38%. At the time of writing TYL’s report, the company has a total market cap of $13.93B, making it one of the largest publicly-traded companies in the world.Tyler Technologies Inc. also has over 5449 employees all over the world.
TYL Insider Activities
For Tyler Technologies Inc., insiders hold 91.80% of all company shares. The insider transactions over the past six months are down by -3.90%. During that period, insiders bought 444,213 shares in 46 transactions. In that same period, insiders sold 507,852 of their shares in 51 transactions. After these transactions, insiders at Tyler Technologies Inc. now hold 662.03k shares, which is over 94.80% of the total company stocks. Institutional investors currently hold a large chunk of the TYL shares, as they control 1.66% of the company’s total stock.
TYL Fundamental Analysis
For Tyler Technologies Inc., the stock’s diluted earnings per share (EPS) stands at 4.12. In the coming year, analysts expect the EPS to be 5.73. The EPS growth will up over the next five years to 10.00% after surging by 17.00% in the previous five years. In terms of revenue, Tyler Technologies Inc.’s quarterly sales (YOY) is growing at 1.20, which is lower than the average annual revenue of 17.00% over the past half a decade.
The Return on Investment (ROI) on Tyler Technologies Inc.’s stock currently stands at 8.80%, and it has a net profit margin of 14.90%. The operating margin of the company is 13.90%, and its gross margin is 47.50%.
TYL Analysts Prediction
Another analyst that has a Buy rating for TYL is The Benchmark Company, which set a price target of between $285 and $375.
The Benchmark Company and Northcoast also believe that Tyler Technologies Inc.’s stock is outperforming at the moment. TYL received a positive rating from The Benchmark Company, which set a price target of $235-$285 for the stock.
TYL Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of TYL currently stands at 2.51%, while the SMA50 is 3.46%. The biggest one is the SMA200, which is currently reading 16.22% ahead of Thursday’s trading session. The Relative Strength Index of this stock is 58.66, while its price to earnings ratio (P/E) is 86.20.