Stock Rating Upgrade
The Value Trend Rating for Tyler Technologies Inc (NYSE: TYL) improved recently from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 5/31/24, Tyler Technologies Inc (NYSE: TYL) stock rose modestly by 0.6%, closing at $480.36. Moreover, trading volume in this advance was above average at 135% of normal. Relative to the market the stock has been strong over the last nine months but has declined -3.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, TYL is expected to continue to be an important Value Builder.
Tyler Technologies has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Tyler Technologies has a poor Appreciation Score of 15 but a good Power Rating of 72, leading to the Low Neutral Value Trend Rating.
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