RBC Capital analyst Matthew Hedberg maintained a Buy rating on Tyler Technologies (NYSE:TYL) on Tuesday, setting a price target of $500, which is approximately 22.68% above the present share price of $407.55.
Hedberg expects Tyler Technologies to post earnings per share (EPS) of $0.91 for the second quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Strong Buy rating of shares in Tyler Technologies, with an average price target of $501.
The analysts price targets range from a high of $525 to a low of $480.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $294.8 million and a net profit of $38.21 million. The company's market cap is $16.6 billion.
According to TipRanks.com, RBC Capital analyst Matthew Hedberg is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 25.3% and a 64.86% success rate.
Tyler Technologies, Inc. engages in the provision of integrated technology and management solutions and services for public sector with a focus on local governments. It operates through the Enterprise Software, and Appraisal and Tax segments. The Enterprise Software segment provides municipal and county governments and schools with software systems to meet their information technology and automation needs for mission-critical back-office functions such as financial management, courts, and justice processes. The Appraisal and Tax segment provides systems and software that automate the appraisal and assessment of real and personal property, as well as property appraisal outsourcing services for local governments and taxing authorities. The company was founded in 1966 and is headquartered in Plano, TX.