Tyler Technologies (TYL) Receiving Somewhat Favorable Media Coverage, Accern Reports
Headlines about Tyler Technologies (NYSE:TYL) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tyler Technologies earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 44.7752072267948 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media stories that may have impacted Accern’s scoring:
- Tyler Technologies : Jasper County approves bid for new software (4-traders.com)
- Citigroup Inc. Begins Coverage on Tyler Technologies, Inc. (TYL) (americanbankingnews.com)
- Tyler Technologies, Inc. (TYL) Earns Buy Rating from Northland Securities (americanbankingnews.com)
- Tyler Technologies to Provide Enterprise Resource Planning Solution to Odessa, Texas – Business Wire (press release) (businesswire.com)
Several brokerages have recently commented on TYL. Maxim Group set a $197.00 price objective on shares of Tyler Technologies and gave the stock a “buy” rating in a research report on Thursday, July 27th. Zacks Investment Research raised shares of Tyler Technologies from a “hold” rating to a “strong-buy” rating and set a $201.00 target price on the stock in a report on Thursday, June 29th. BidaskClub lowered shares of Tyler Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Citigroup Inc. started coverage on shares of Tyler Technologies in a report on Friday. They set a “buy” rating and a $200.00 target price on the stock. Finally, Northland Securities reissued a “buy” rating and set a $200.00 target price on shares of Tyler Technologies in a report on Thursday, September 21st. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Tyler Technologies presently has a consensus rating of “Buy” and a consensus target price of $195.29.
Tyler Technologies (NYSE:TYL) opened at 171.95 on Tuesday. Tyler Technologies has a 12-month low of $139.61 and a 12-month high of $182.49. The firm’s 50-day moving average is $170.29 and its 200 day moving average is $166.78. The firm has a market cap of $6.41 billion, a P/E ratio of 51.51 and a beta of 0.95.
Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data 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 business 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 firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.86 earnings per share. Equities analysts forecast that Tyler Technologies will post $3.86 earnings per share for the current year.
In other Tyler Technologies news, VP Brian K. Miller sold 1,848 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $172.58, for a total transaction of $318,927.84. Following the transaction, the vice president now owns 52,657 shares of the company’s stock, valued at $9,087,545.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Larry D. Leinweber sold 36,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $171.82, for a total value of $6,185,520.00. The disclosure for this sale can be found here. Insiders sold 279,357 shares of company stock worth $47,777,389 over the last ninety days. Corporate insiders own 10.30% of the company’s stock.
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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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