Analysts Expect Tyler Technologies, Inc. (TYL) Will Post Earnings of $0.78 Per Share
Wall Street brokerages expect that Tyler Technologies, Inc. (NYSE:TYL) will post $0.78 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Tyler Technologies’ earnings. The highest EPS estimate is $0.81 and the lowest is $0.76. Tyler Technologies posted earnings of $0.74 per share during the same quarter last year, which indicates a positive year over year growth rate of 5.4%. The business is scheduled to report its next quarterly earnings report on Wednesday, July 26th.
According to Zacks, analysts expect that Tyler Technologies will report full-year earnings of $3.29 per share for the current fiscal year, with EPS estimates ranging from $3.24 to $3.37. For the next financial year, analysts expect that the firm will post earnings of $4.03 per share, with EPS estimates ranging from $3.76 to $4.29. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for Tyler Technologies.
Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, April 26th. The technology company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.74 by $0.01. The company had revenue of $199.54 million during the quarter, compared to analyst estimates of $199.76 million. Tyler Technologies had a net margin of 13.48% and a return on equity of 13.12%. The firm’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.81 EPS.
A number of equities research analysts have commented on the company. B. Riley reissued a “buy” rating and issued a $184.00 target price on shares of Tyler Technologies in a report on Sunday, May 14th. Maxim Group reaffirmed a “buy” rating and set a $197.00 price target on shares of Tyler Technologies in a research note on Thursday, April 27th. Finally, Zacks Investment Research raised Tyler Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, April 13th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $184.60.
Shares of Tyler Technologies (NYSE TYL) traded up 0.07% during midday trading on Monday, reaching $169.95. 80,113 shares of the company traded hands. The stock’s 50-day moving average is $168.63 and its 200-day moving average is $155.77. The stock has a market capitalization of $6.30 billion, a P/E ratio of 53.43 and a beta of 0.97. Tyler Technologies has a 1-year low of $139.61 and a 1-year high of $175.77.
In related news, CFO Brian K. Miller sold 13,000 shares of Tyler Technologies stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $169.43, for a total transaction of $2,202,590.00. Following the completion of the sale, the chief financial officer now owns 55,044 shares in the company, valued at approximately $9,326,104.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President H Lynn Moore, Jr. sold 1,848 shares of Tyler Technologies stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $167.81, for a total value of $310,112.88. Following the sale, the president now owns 51,029 shares of the company’s stock, valued at approximately $8,563,176.49. The disclosure for this sale can be found here. Insiders have sold a total of 391,147 shares of company stock valued at $65,052,065 in the last ninety days. Corporate insiders own 10.30% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Assetmark Inc. boosted its stake in Tyler Technologies by 15.1% in the first quarter. Assetmark Inc. now owns 761 shares of the technology company’s stock worth $118,000 after buying an additional 100 shares in the last quarter. New England Research & Management Inc. bought a new stake in Tyler Technologies during the first quarter worth approximately $201,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Tyler Technologies by 32.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,298 shares of the technology company’s stock worth $201,000 after buying an additional 317 shares in the last quarter. Pennsylvania Trust Co bought a new stake in Tyler Technologies during the first quarter worth approximately $239,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Tyler Technologies during the first quarter worth approximately $242,000. Hedge funds and other institutional investors own 90.03% of the company’s stock.
Tyler Technologies Company Profile
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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