Tyler Technologies, Inc. (TYL) to Release Earnings on Tuesday
Tyler Technologies, Inc. (NYSE:TYL) will release its earnings data after the market closes on Tuesday, October 24th. Analysts expect Tyler Technologies to post earnings of $1.03 per share for the quarter. Tyler Technologies has set its FY17 guidance at $3.83-3.91 EPS.
Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.91 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.03). Tyler Technologies had a return on equity of 13.02% and a net margin of 14.73%. The firm had revenue of $209.12 million during the quarter, compared to the consensus estimate of $210.67 million. During the same period in the previous year, the firm earned $0.86 EPS. The business’s revenue was up 10.7% on a year-over-year basis. On average, analysts expect Tyler Technologies to post $3.86 EPS for the current fiscal year and $4.36 EPS for the next fiscal year.
Shares of Tyler Technologies, Inc. (TYL) opened at 179.58 on Tuesday. Tyler Technologies, Inc. has a one year low of $139.61 and a one year high of $182.49. The company has a market cap of $6.70 billion, a price-to-earnings ratio of 53.80 and a beta of 0.93. The company has a 50 day moving average price of $172.69 and a 200 day moving average price of $169.37.
A number of brokerages recently issued reports on TYL. B. Riley restated a “buy” rating and issued a $184.00 target price on shares of Tyler Technologies in a research note on Friday, July 28th. Maxim Group set a $197.00 target price on Tyler Technologies and gave the stock a “buy” rating in a research note on Thursday, July 27th. Zacks Investment Research lowered Tyler Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 13th. KeyCorp restated a “buy” rating and issued a $180.00 target price on shares of Tyler Technologies in a research note on Friday, October 6th. Finally, Citigroup Inc. began coverage on Tyler Technologies in a research note on Friday, September 22nd. They issued a “buy” rating and a $200.00 target price for the company. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $192.29.
In other news, Director Larry D. Leinweber sold 36,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $171.82, for a total transaction of $6,185,520.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Brian K. Miller sold 1,848 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $172.58, for a total value of $318,927.84. Following the sale, the vice president now owns 52,657 shares in the company, valued at $9,087,545.06. The disclosure for this sale can be found here. Insiders have sold a total of 243,357 shares of company stock valued at $41,622,109 in the last quarter. Company insiders own 10.30% 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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