Tyler Technologies (TYL) Receives Daily Media Sentiment Rating of 0.06
News headlines about Tyler Technologies (NYSE:TYL) have trended somewhat positive on Wednesday, according to Accern Sentiment. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tyler Technologies earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 45.9263478252225 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Accern’s scoring:
- Tyler Technologies to provide enterprise resource planning solution (seekingalpha.com)
- Education Software Market Significant growth By Brainchild, Tyler, MAXIMUS, Merit Software, MediaNet Solutions (emailwire.com)
- Tyler Technologies to Provide Enterprise Resource Planning Solution to the City of Irving, Texas (finance.yahoo.com)
- Our Opinion: Reviewing 911 bids is the right step (southbendtribune.com)
- Tyler Technologies, Inc. (TYL) Given Consensus Recommendation of “Buy” by Analysts (americanbankingnews.com)
Several analysts have recently weighed in on the company. Zacks Investment Research downgraded Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Piper Jaffray Companies raised their target price on Tyler Technologies from $242.00 to $260.00 and gave the company an “overweight” rating in a research note on Monday, June 25th. B. Riley raised their target price on Tyler Technologies from $200.00 to $206.00 and gave the company a “neutral” rating in a research note on Monday, July 30th. Finally, Robert W. Baird restated a “buy” rating and set a $260.00 target price (up from $240.00) on shares of Tyler Technologies in a research note on Friday, July 27th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Tyler Technologies has an average rating of “Buy” and an average price target of $228.58.
Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Thursday, July 26th. The technology company reported $1.18 EPS for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.05. The business had revenue of $236.10 million during the quarter, compared to the consensus estimate of $233.28 million. Tyler Technologies had a return on equity of 11.70% and a net margin of 19.91%. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period last year, the firm earned $0.91 earnings per share. analysts anticipate that Tyler Technologies will post 3.79 EPS for the current fiscal year.
In related news, Director Dustin R. Womble sold 7,500 shares of Tyler Technologies stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $245.68, for a total value of $1,842,600.00. Following the completion of the transaction, the director now directly owns 184,182 shares in the company, valued at $45,249,833.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dustin R. Womble sold 20,000 shares of Tyler Technologies stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $247.15, for a total value of $4,943,000.00. Following the completion of the transaction, the director now owns 198,122 shares of the company’s stock, valued at $48,965,852.30. The disclosure for this sale can be found here. Insiders sold 154,505 shares of company stock valued at $37,015,511 over the last quarter. Insiders own 4.70% of the company’s stock.
Tyler Technologies Company Profile
Tyler Technologies, Inc provides integrated information management solutions and services for the public sector in the United States and internationally. It operates through two segments, Enterprise Software, and Appraisal and Tax. The company's financial management solutions include modular fund accounting systems for government agencies or not-for-profit entities; and utility billing systems for the billing and collection of metered and non-metered services.
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