Tyler Technologies, Inc. (NYSE:TYL): Going Behind the Numbers

Keeping an eye on shares of Tyler Technologies, Inc. (NYSE:TYL), we see that the current average price target is $237.14. Wall Street analysts have the ability to produce price target estimates for where they think the stock is heading. Because price target projections vary from one analyst to another, they may span a wide range of values. Many investors choose to monitor target prices, and they will pay extra close attention when there are updates. Investors might choose to lean heavily on analyst reports and  target projections when doing their own stock research.

As we move into the second half of the year, investors will be keeping a close watch on their portfolios. There are plenty of financial gurus who are predicting the end of the bull market run, and there are plenty on the other side who believe that stocks are bound for greater heights. Whichever way the markets go, investors will need to watch which companies are hitting their marks on the earnings front. Investors may closely follow sell-side analyst estimates. It is important to remember that analyst projections are just that, projections. Following analyst expectations can provide a good glimpse into company actions, but strictly following what the analysts are saying may lead to difficulty in the future. Doing careful and extensive individual stock research may provide the investor with a more robust scope with which to successfully trade the market.

Street analysts often provide stock recommendations for companies that they track. According to analysts polled by Zacks Research, the current average rating on shares of Tyler Technologies, Inc. (NYSE:TYL) is 1.44. This average rating includes analysts who have given Buy, Sell and Hold ratings on the name. This rating uses a numerical scale from 1 to 5. A 1 would indicate a Buy recommendation, and a score of 5 would point to a Sell recommendation. Out of all the analysts offering recommendations, 7 have rated the stock a Strong Buy or Buy.

Covering analysts are looking for Tyler Technologies, Inc. (NYSE:TYL) to report a current quarter EPS of 1.29 when the company issues their next earnings report. This is the consensus estimate using analysts taken into consideration by Zacks Research. This estimate includes 7 sell-side analysts. For the previous reporting period, the company posted a quarterly EPS of 1.22. Investors will be closely tracking how close the actual comes to the consensus estimate after the next report. Analysts covering the stock are usually very busy during earnings periods. Before the release, they might be revising estimates. After the earnings release, they will closely review the information and update accordingly.

Looking at some recent stock price activity for Tyler Technologies, Inc. (NYSE:TYL), we have spotted shares trading near the $213.17 level. Looking at some popular historical levels, we note that the 52-week high is presently $250.8, and the 52-week low is currently $173.85. When the stock is trading close to the 52-week high or 52-week low, investors may pay extra attention to see if there will be a move through that level. Looking back over the last 12 weeks, the stock has moved -0.01%. Heading back to the start of the year, we can see that shares have moved 14.72%. Over the past 4 weeks, shares have seen a change of -2.65%. Over the last 5 trading sessions, the stock has moved -1.91%.

Investors often have a large selection of stocks to research when looking to add to the portfolio. Investors have the ability to employ many different strategies to help beat the stock market. In the end, the main goal is typically to maximize profits while minimizing risk. Investors commonly strive to diversify the portfolio in order to minimize risk. Most serious investors are well aware of the risks when entering the equity market. Investors may choose to own stocks across multiple industries to keep from having all the eggs in one basket. Others may choose companies of different size, and even delve into foreign markets.  Finding those hidden gems in the stock market may not be the easiest of chores. Investors may have to spend many hours doing the research and crunching the numbers.   

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.