Analysts Expect Tyler Technologies, Inc. (TYL) Will Post Quarterly Sales of $247.46 Million
Wall Street analysts predict that Tyler Technologies, Inc. (NYSE:TYL) will report sales of $247.46 million for the current quarter, according to Zacks. Six analysts have made estimates for Tyler Technologies’ earnings. The lowest sales estimate is $240.50 million and the highest is $250.32 million. Tyler Technologies reported sales of $217.85 million during the same quarter last year, which indicates a positive year-over-year growth rate of 13.6%. The firm is expected to report its next quarterly earnings results on Wednesday, February 20th.
According to Zacks, analysts expect that Tyler Technologies will report full-year sales of $943.89 million for the current fiscal year, with estimates ranging from $937.20 million to $946.99 million. For the next year, analysts forecast that the firm will post sales of $1.04 billion, with estimates ranging from $1.02 billion to $1.06 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Tyler Technologies.
Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, October 31st. The technology company reported $1.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.23. The business had revenue of $236.10 million for the quarter, compared to analyst estimates of $240.98 million. Tyler Technologies had a return on equity of 11.19% and a net margin of 19.47%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.05 EPS.
NYSE TYL traded up $1.40 during trading on Tuesday, reaching $182.40. The company’s stock had a trading volume of 304,400 shares, compared to its average volume of 223,544. The firm has a market capitalization of $7.33 billion, a P/E ratio of 57.36, a P/E/G ratio of 5.00 and a beta of 0.92. Tyler Technologies has a one year low of $175.22 and a one year high of $252.47.
In related news, VP Brian K. Miller sold 10,360 shares of the stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $241.32, for a total transaction of $2,500,075.20. Following the completion of the sale, the vice president now directly owns 62,775 shares in the company, valued at approximately $15,148,863. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO H Lynn Moore, Jr. sold 9,200 shares of the stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $245.27, for a total value of $2,256,484.00. Following the sale, the chief executive officer now owns 67,147 shares of the company’s stock, valued at $16,469,144.69. The disclosure for this sale can be found here. Insiders have sold a total of 95,672 shares of company stock worth $23,447,999 over the last quarter. Corporate insiders own 4.70% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in Tyler Technologies by 6.8% during the 3rd quarter. BlackRock Inc. now owns 3,412,924 shares of the technology company’s stock valued at $836,373,000 after acquiring an additional 217,184 shares during the period. JPMorgan Chase & Co. boosted its holdings in Tyler Technologies by 5.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,248,274 shares of the technology company’s stock valued at $305,901,000 after acquiring an additional 65,928 shares during the period. Morgan Stanley boosted its holdings in Tyler Technologies by 9.7% during the 3rd quarter. Morgan Stanley now owns 1,032,052 shares of the technology company’s stock valued at $252,916,000 after acquiring an additional 91,535 shares during the period. Franklin Resources Inc. boosted its holdings in Tyler Technologies by 1.1% during the 3rd quarter. Franklin Resources Inc. now owns 997,507 shares of the technology company’s stock valued at $244,446,000 after acquiring an additional 10,662 shares during the period. Finally, William Blair Investment Management LLC boosted its holdings in Tyler Technologies by 4.1% during the 3rd quarter. William Blair Investment Management LLC now owns 630,345 shares of the technology company’s stock valued at $154,472,000 after acquiring an additional 24,963 shares during the period. Institutional investors own 91.68% 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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