NEW YORK (

TheStreet

) --

Tyler Technologies

(NYSE:

TYL

) hit a new 52-week high Thursday as it traded at $22.57 compared with its previous 52-Week high of $22.19. Tyler is changing hands at $22.28 with 63,401 shares traded as of 9:41 a.m. ET. Average volume has been 144,700 shares over the past 30 days.

Tyler has a market cap of $680.9 million and is part of the

technology

sector and

computer software & services

industry. Shares are down 0.2% year to date as of the close of trading on Wednesday.

Tyler Technologies, Inc. provides integrated information management solutions and services for local governments in the United States, Canada, Puerto Rico, and the United Kingdom. The company has a P/E ratio of 31, below the average computer software & services industry P/E ratio of 31.5 and above the S&P 500 P/E ratio of 22.7.

TheStreet Ratings rates Tyler as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations, expanding profit margins, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Tyler Ratings Report

.

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