Q2 2024 EPS Estimates for Tyler Technologies, Inc. Raised by William Blair (NYSE:TYL)

Tyler Technologies, Inc. (NYSE:TYL) – Investment analysts at William Blair upped their Q2 2024 earnings per share estimates for shares of Tyler Technologies in a research report issued to clients and investors on Thursday, April 25th. William Blair analyst J. Ho now forecasts that the technology company will post earnings of $1.77 per share for the quarter, up from their prior forecast of $1.74. The consensus estimate for Tyler Technologies’ current full-year earnings is $7.01 per share. William Blair also issued estimates for Tyler Technologies’ Q4 2024 earnings at $1.71 EPS.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, February 14th. The technology company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The firm had revenue of $480.94 million during the quarter, compared to the consensus estimate of $483.34 million. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%.

A number of other research analysts have also commented on TYL. Piper Sandler restated an “overweight” rating and set a $520.00 price target on shares of Tyler Technologies in a research report on Wednesday, April 24th. JPMorgan Chase & Co. boosted their target price on Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. DA Davidson upped their target price on Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a research note on Thursday, February 22nd. Robert W. Baird lifted their price target on Tyler Technologies from $500.00 to $525.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Finally, Oppenheimer upped their price objective on shares of Tyler Technologies from $480.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Tyler Technologies has an average rating of “Moderate Buy” and a consensus price target of $480.60.

Tyler Technologies Stock Down 0.8 %

TYL stock opened at $461.45 on Monday. The stock has a 50-day simple moving average of $424.02 and a two-hundred day simple moving average of $416.78. The firm has a market capitalization of $19.59 billion, a PE ratio of 104.40, a PEG ratio of 4.38 and a beta of 0.81. Tyler Technologies has a twelve month low of $361.16 and a twelve month high of $466.10. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.20.

Insider Transactions at Tyler Technologies

In related news, Director Glenn A. Carter sold 1,650 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $437.84, for a total transaction of $722,436.00. Following the transaction, the director now owns 2,011 shares of the company’s stock, valued at approximately $880,496.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO H Lynn Moore, Jr. sold 10,000 shares of Tyler Technologies stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $435.98, for a total value of $4,359,800.00. Following the transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at $32,698,500. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Glenn A. Carter sold 1,650 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $437.84, for a total transaction of $722,436.00. Following the sale, the director now owns 2,011 shares of the company’s stock, valued at $880,496.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,608 shares of company stock worth $21,974,819. 1.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Tyler Technologies

Hedge funds have recently modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Tyler Technologies by 7.6% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,205 shares of the technology company’s stock worth $465,000 after purchasing an additional 85 shares during the last quarter. Raymond James Trust N.A. grew its position in shares of Tyler Technologies by 4.9% in the 4th quarter. Raymond James Trust N.A. now owns 1,515 shares of the technology company’s stock worth $633,000 after buying an additional 71 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Tyler Technologies by 4.6% during the fourth quarter. Nordea Investment Management AB now owns 2,600 shares of the technology company’s stock valued at $1,091,000 after buying an additional 115 shares during the period. DNB Asset Management AS bought a new position in shares of Tyler Technologies during the fourth quarter valued at approximately $5,040,000. Finally, NBW Capital LLC raised its holdings in shares of Tyler Technologies by 50.7% during the fourth quarter. NBW Capital LLC now owns 13,345 shares of the technology company’s stock valued at $5,580,000 after acquiring an additional 4,489 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

About Tyler Technologies

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. It operates in two segments, Enterprise Software and Platform Technologies. The company offers platform and transformative technology solutions, including cybersecurity for government agencies; data and insights solutions; digital solutions that helps workers and policymakers to share, communicate, and leverage data; payments solutions, such as billing, presentment, merchant onboarding, collections, reconciliation, and disbursements; platform technologies, an application development platform that enables government workers to build solutions and applications; and outdoor recreation solutions, including campsite reservations, activity registrations, licensing sales and renewals, and real-time data for conservation and park management.