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 $40.56, above its previous 52-week high of $40.32 with 79,068 shares traded as of 2:39 p.m. ET. Average volume has been 142,300 shares over the past 30 days.

Tyler has a market cap of $1.19 billion and is part of the technology sector and computer software & services industry. Shares are up 31.4% 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 and internationally. The company has a P/E ratio of 47.6, equal to the average computer software & services industry P/E ratio 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 impressive record of earnings per share growth, increase in net income, revenue growth, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Tyler Ratings Report.

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