Maxim Group Believes Tyler Technologies (NYSE: TYL) Won’t Stop Here

By Jason Carr

Maxim Group analyst Brian Kinstlinger reiterated a Buy rating on Tyler Technologies (NYSE: TYL) today and set a price target of $197. The company’s shares opened today at $176.09, close to its 52-week high of $178.69.

Kinstlinger noted:

“On June 30th, Vermont announced that it has selected TYL’s Odyssey case management system to implement statewide and roll-out by 2021.”

According to TipRanks.com, Kinstlinger is a 3-star analyst with an average return of 1.5% and a 57.8% success rate. Kinstlinger covers the Technology sector, focusing on stocks such as Applied DNA Sciences, Caci International, and Evolving Systems.

Currently, the analyst consensus on Tyler Technologies is Strong Buy and the average price target is $194.25, representing a 10.3% upside.

In a report issued on July 3, Northland Securities also reiterated a Buy rating on the stock with a $200 price target.

The company has a one year high of $178.69 and a one year low of $139.61. Currently, Tyler Technologies has an average volume of 172K.

Based on the recent corporate insider activity of 100 insiders, corporate insider sentiment is negative on the stock. Last month, Brian K. Miller, the EVP & CFO of TYL bought 4,152 shares for a total of $99,980.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Tyler Technologies, Inc. provides integrated technology and management services for the public sector with a focus on local governments. It develops and markets a broad line of software products and services to address the information technology (IT) needs of cities, counties, schools, and other local government entities.