Tyler Technologies, Inc. (TYL) Set to Announce Earnings on Wednesday
Tyler Technologies, Inc. (NYSE:TYL) is scheduled to be announcing its earnings results after the market closes on Wednesday, July 26th. Analysts expect the company to announce earnings of $0.94 per share for the quarter. Tyler Technologies has set its FY17 guidance at $3.83-3.91 EPS.
Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, April 26th. The technology company reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.01. The firm had revenue of $199.54 million for the quarter, compared to analyst estimates of $199.76 million. Tyler Technologies had a net margin of 16.19% and a return on equity of 13.77%. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.81 earnings per share. On average, analysts expect Tyler Technologies to post $3.88 EPS for the current fiscal year and $4.41 EPS for the next fiscal year.
Tyler Technologies, Inc. (NYSE TYL) opened at 176.06 on Wednesday. The firm has a market capitalization of $6.53 billion, a price-to-earnings ratio of 55.35 and a beta of 0.96. Tyler Technologies, Inc. has a 52-week low of $139.61 and a 52-week high of $178.69. The firm has a 50-day moving average of $172.38 and a 200-day moving average of $160.31.
In related news, Director Larry D. Leinweber sold 36,000 shares of the firm’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $170.98, for a total transaction of $6,155,280.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Larry D. Leinweber sold 84,000 shares of the firm’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $165.51, for a total value of $13,902,840.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 391,147 shares of company stock worth $65,619,550. 10.30% of the stock is owned by corporate insiders.
TYL has been the topic of a number of research reports. B. Riley reissued a “buy” rating and issued a $184.00 price objective on shares of Tyler Technologies in a report on Tuesday, May 9th. Zacks Investment Research raised Tyler Technologies from a “hold” rating to a “strong-buy” rating and set a $201.00 price objective on the stock in a report on Thursday, June 29th. Finally, Maxim Group set a $197.00 price objective on Tyler Technologies and gave the company a “buy” rating in a report on Monday. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Tyler Technologies currently has an average rating of “Buy” and an average target price of $187.00.
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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