Tyler Reaches New 52-Week High (TYL)

NEW YORK ( TheStreet) -- Tyler Technologies (NYSE: TYL) hit a new 52-week high Wednesday as it is currently trading at $37.16, above its previous 52-week high of $36.85 with 82,638 shares traded as of 2:54 p.m. ET. Average volume has been 201,900 shares over the past 30 days.

Tyler has a market cap of $1.02 billion and is part of the technology sector and computer software & services industry. Shares are up 20.8% year to date as of the close of trading on Tuesday.

Tyler Technologies, Inc. provides integrated information management solutions and services for the public sector with a focus on local governments in the United States, Canada, the Caribbean, and the United Kingdom. The company has a P/E ratio of 46.9, above the average computer software & services industry P/E ratio of 44.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Tyler as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, expanding profit margins and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Tyler Ratings Report.

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