Zacks: Brokerages Expect Tyler Technologies, Inc. (TYL) Will Post Earnings of $1.01 Per Share
Equities research analysts predict that Tyler Technologies, Inc. (NYSE:TYL) will announce earnings of $1.01 per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Tyler Technologies’ earnings, with the lowest EPS estimate coming in at $0.99 and the highest estimate coming in at $1.03. Tyler Technologies reported earnings per share of $0.94 during the same quarter last year, which suggests a positive year-over-year growth rate of 7.4%. The company is scheduled to report its next quarterly earnings report on Wednesday, October 25th.
According to Zacks, analysts expect that Tyler Technologies will report full-year earnings of $3.86 per share for the current financial year, with EPS estimates ranging from $3.85 to $3.87. For the next year, analysts expect that the business will post earnings of $4.43 per share, with EPS estimates ranging from $4.22 to $4.82. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Tyler Technologies.
Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.91 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by $0.03. Tyler Technologies had a net margin of 14.73% and a return on equity of 13.02%. The firm had revenue of $209.12 million for the quarter, compared to the consensus estimate of $210.67 million. During the same quarter in the prior year, the company earned $0.86 earnings per share. The company’s quarterly revenue was up 10.7% compared to the same quarter last year.
A number of analysts recently issued reports on TYL shares. Piper Jaffray Companies restated a “buy” rating and issued a $200.00 price target on shares of Tyler Technologies in a research report on Sunday, August 27th. B. Riley restated a “buy” rating and issued a $184.00 price target on shares of Tyler Technologies in a research report on Wednesday, August 2nd. BidaskClub downgraded Tyler Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Maxim Group set a $197.00 target price on Tyler Technologies and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, Zacks Investment Research downgraded Tyler Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 13th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $189.00.
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In other news, Director Larry D. Leinweber sold 36,000 shares of Tyler Technologies stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $171.23, for a total transaction of $6,164,280.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President H Lynn Moore, Jr. sold 1,848 shares of Tyler Technologies stock in a transaction on 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 $8,563,176.49. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 252,433 shares of company stock valued at $43,179,186. Corporate insiders own 10.30% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Alps Advisors Inc. increased its stake in shares of Tyler Technologies by 0.3% during the second quarter. Alps Advisors Inc. now owns 3,084 shares of the technology company’s stock valued at $542,000 after buying an additional 8 shares during the period. Cue Financial Group Inc. increased its stake in shares of Tyler Technologies by 0.6% during the second quarter. Cue Financial Group Inc. now owns 2,690 shares of the technology company’s stock valued at $473,000 after buying an additional 15 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Tyler Technologies by 0.6% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,925 shares of the technology company’s stock valued at $865,000 after buying an additional 30 shares during the period. Northwestern Mutual Investment Management Company LLC increased its stake in shares of Tyler Technologies by 0.5% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 5,775 shares of the technology company’s stock valued at $893,000 after buying an additional 31 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in shares of Tyler Technologies by 1.7% during the second quarter. Teacher Retirement System of Texas now owns 2,789 shares of the technology company’s stock valued at $490,000 after buying an additional 47 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.
Tyler Technologies (NYSE TYL) traded down 0.09% during midday trading on Friday, reaching $169.71. 125,482 shares of the company were exchanged. The company has a 50-day moving average of $171.42 and a 200 day moving average of $165.80. Tyler Technologies has a 52 week low of $139.61 and a 52 week high of $182.49. The firm has a market capitalization of $6.33 billion, a PE ratio of 50.81 and a beta of 0.95.
About Tyler Technologies
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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