Analysts Anticipate Tyler Technologies, Inc. (NYSE:TYL) Will Post Earnings of $0.86 Per Share
Analysts expect that Tyler Technologies, Inc. (NYSE:TYL) will post earnings per share of $0.86 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Tyler Technologies’ earnings, with the highest EPS estimate coming in at $0.87 and the lowest estimate coming in at $0.83. Tyler Technologies reported earnings of $0.79 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 8.9%. The firm is scheduled to issue its next earnings results on Wednesday, October 25th.
According to Zacks, analysts expect that Tyler Technologies will report full year earnings of $3.26 per share for the current year, with EPS estimates ranging from $3.24 to $3.27. For the next fiscal year, analysts forecast that the firm will report earnings of $3.95 per share, with EPS estimates ranging from $3.76 to $4.29. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Tyler Technologies.
Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, July 26th. The technology company reported $0.91 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by $0.03. The firm had revenue of $209.12 million during the quarter, compared to analysts’ expectations of $210.67 million. Tyler Technologies had a net margin of 14.73% and a return on equity of 13.02%. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.86 EPS.
A number of brokerages recently issued reports on TYL. B. Riley reiterated a “buy” rating and issued a $184.00 price target on shares of Tyler Technologies in a report on Wednesday. Zacks Investment Research lowered Tyler Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. BidaskClub lowered Tyler Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, Maxim Group set a $197.00 price target on Tyler Technologies and gave the company a “buy” rating in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. Tyler Technologies presently has an average rating of “Buy” and an average price target of $187.17.
In other news, Director Larry D. Leinweber sold 36,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $171.82, for a total transaction of $6,185,520.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Brian K. Miller sold 1,240 shares of the company’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $174.50, for a total value of $216,380.00. Following the transaction, the vice president now directly owns 47,989 shares in the company, valued at $8,374,080.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 307,147 shares of company stock valued at $52,014,430. 10.30% of the stock is owned by company insiders.
Several institutional investors have recently modified their holdings of TYL. Goldman Sachs Group Inc. increased its position in shares of Tyler Technologies by 42.2% in the first quarter. Goldman Sachs Group Inc. now owns 756,703 shares of the technology company’s stock worth $116,957,000 after buying an additional 224,642 shares during the last quarter. Granite Investment Partners LLC acquired a new position in shares of Tyler Technologies during the first quarter worth about $2,884,000. Sei Investments Co. increased its position in shares of Tyler Technologies by 19.7% in the first quarter. Sei Investments Co. now owns 71,165 shares of the technology company’s stock worth $10,999,000 after buying an additional 11,708 shares during the last quarter. Morgan Stanley increased its position in shares of Tyler Technologies by 24.5% in the first quarter. Morgan Stanley now owns 71,848 shares of the technology company’s stock worth $11,105,000 after buying an additional 14,119 shares during the last quarter. Finally, Stifel Financial Corp increased its position in shares of Tyler Technologies by 10.9% in the first quarter. Stifel Financial Corp now owns 7,158 shares of the technology company’s stock worth $1,106,000 after buying an additional 701 shares during the last quarter. 89.77% of the stock is currently owned by institutional investors and hedge funds.
Tyler Technologies (NYSE TYL) opened at 170.22 on Friday. Tyler Technologies has a 1-year low of $139.61 and a 1-year high of $182.49. The stock has a market cap of $6.35 billion, a PE ratio of 50.99 and a beta of 0.95. The stock has a 50 day moving average price of $173.84 and a 200-day moving average price of $162.19.
About Tyler Technologies
Tyler Technologies, Inc is a provider of information management solutions and services for the public sector, with a focus on local governments. The Company operates through two segments: Enterprise Software (ES) segment and The Appraisal and Tax (A&T) segment. ES segment provides municipal and county governments and schools with software systems and services for information technology and automation needs that includes back-office functions, such as financial management, courts and justice processes, public safety, planning regulatory and maintenance, and land and vital records management.
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