Tyler Technologies (TYL) to Release Quarterly Earnings on Wednesday

Tyler Technologies (NYSE:TYL) is scheduled to announce its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $2.03 per share for the quarter. Tyler Technologies has set its FY24 guidance at $8.90 to $9.10 EPS and its FY 2024 guidance at 8.900-9.100 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. Tyler Technologies had a net margin of 8.50% and a return on equity of 8.85%. The firm had revenue of $480.94 million for the quarter, compared to analyst estimates of $483.34 million. On average, analysts expect Tyler Technologies to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Tyler Technologies Stock Down 0.4 %

Shares of TYL stock opened at $399.26 on Wednesday. The firm has a market capitalization of $16.94 billion, a P/E ratio of 102.64, a PEG ratio of 4.07 and a beta of 0.81. The firm’s fifty day moving average price is $425.50 and its two-hundred day moving average price is $413.64. Tyler Technologies has a 1 year low of $361.16 and a 1 year high of $454.74. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.20.

Insider Transactions at Tyler Technologies

In other news, CFO Brian K. Miller sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $442.99, for a total transaction of $2,214,950.00. Following the completion of the sale, the chief financial officer now owns 14,610 shares of the company’s stock, valued at approximately $6,472,083.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Brian K. Miller sold 5,000 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $442.99, for a total value of $2,214,950.00. Following the completion of the transaction, the chief financial officer now owns 14,610 shares of the company’s stock, valued at approximately $6,472,083.90. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO H Lynn Moore, Jr. sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $435.98, for a total transaction of $4,359,800.00. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $32,698,500. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,608 shares of company stock valued at $21,974,819. Company insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Tyler Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Clear Street Markets LLC lifted its stake in Tyler Technologies by 95.2% in the 1st quarter. Clear Street Markets LLC now owns 82 shares of the technology company’s stock valued at $29,000 after purchasing an additional 40 shares during the last quarter. Cornerstone Planning Group LLC acquired a new position in Tyler Technologies in the 2nd quarter valued at approximately $49,000. Quantbot Technologies LP acquired a new position in Tyler Technologies in the 2nd quarter valued at approximately $79,000. Money Concepts Capital Corp acquired a new position in Tyler Technologies in the 4th quarter valued at approximately $142,000. Finally, State of Wyoming increased its position in Tyler Technologies by 16.5% in the 4th quarter. State of Wyoming now owns 529 shares of the technology company’s stock valued at $171,000 after acquiring an additional 75 shares during the period. Institutional investors own 93.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TYL. Piper Sandler boosted their price objective on shares of Tyler Technologies from $480.00 to $520.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. DA Davidson upped their price target on shares of Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. JMP Securities reissued a “market outperform” rating and issued a $490.00 price objective on shares of Tyler Technologies in a report on Friday, February 16th. JPMorgan Chase & Co. boosted their price objective on shares of Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Finally, Needham & Company LLC boosted their price objective on shares of Tyler Technologies from $475.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $457.86.

Tyler Technologies Company Profile

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.