Tyler Technologies, Inc. (NYSE:TYL) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided EPS guidance of $3.83-3.91 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.88. The company issued revenue guidance of $845-855 million, compared to the consensus revenue estimate of $848.79 million.

Tyler Technologies, Inc. (NYSE:TYL) traded up 0.18% during midday trading on Wednesday, reaching $181.33. 226,602 shares of the company were exchanged. The firm has a market cap of $6.72 billion, a P/E ratio of 57.00 and a beta of 0.96. The firm’s 50-day moving average is $173.13 and its 200-day moving average is $161.14. Tyler Technologies, Inc. has a one year low of $139.61 and a one year high of $182.49.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, April 26th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.01. Tyler Technologies had a net margin of 13.48% and a return on equity of 13.12%. The business had revenue of $199.54 million for the quarter, compared to analyst estimates of $199.76 million. During the same quarter in the previous year, the firm posted $0.81 earnings per share. Tyler Technologies’s revenue was up 11.3% compared to the same quarter last year. On average, equities analysts expect that Tyler Technologies, Inc. will post $3.88 EPS for the current fiscal year.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Tyler Technologies from a hold rating to a strong-buy rating and set a $201.00 target price on the stock in a research report on Thursday, June 29th. Maxim Group set a $197.00 target price on shares of Tyler Technologies and gave the stock a buy rating in a research report on Monday, July 17th. Finally, B. Riley reaffirmed a buy rating and set a $184.00 target price on shares of Tyler Technologies in a research report on Sunday, May 14th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $185.38.

In other Tyler Technologies news, Director Larry D. Leinweber sold 36,000 shares of the business’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $163.55, for a total value of $5,887,800.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Brian K. Miller sold 13,000 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were 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 directly owns 55,044 shares in the company, valued at approximately $9,326,104.92. The disclosure for this sale can be found here. Insiders sold a total of 391,147 shares of company stock worth $65,619,550 in the last three months. Insiders own 10.30% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Tyler Technologies, Inc. (NYSE:TYL) Issues FY17 Earnings Guidance” was reported by American Banking News and is the property of of American Banking News. If you are reading this story on another publication, it was stolen and republished in violation of international copyright legislation. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/07/26/tyler-technologies-inc-nysetyl-issues-fy17-earnings-guidance.html.

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.

Receive News & Ratings for Tyler Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyler Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.