Equities Analysts Offer Predictions for Tyler Technologies, Inc.’s Q1 2018 Earnings (TYL)
Tyler Technologies, Inc. (NYSE:TYL) – Investment analysts at KeyCorp issued their Q1 2018 earnings estimates for Tyler Technologies in a research note issued to investors on Monday. KeyCorp analyst B. Bracelin expects that the technology company will post earnings of $0.91 per share for the quarter. KeyCorp has a “Buy” rating and a $180.00 price objective on the stock. KeyCorp also issued estimates for Tyler Technologies’ Q2 2018 earnings at $0.90 EPS, Q3 2018 earnings at $0.99 EPS and Q4 2018 earnings at $1.01 EPS.
Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, July 26th. The technology company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.03). The company had revenue of $209.12 million for the quarter, compared to the consensus estimate of $210.67 million. Tyler Technologies had a net margin of 14.73% and a return on equity of 13.02%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same period last year, the business posted $0.86 EPS.
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Other equities analysts also recently issued research reports about the stock. B. Riley restated a “buy” rating and issued a $184.00 price target on shares of Tyler Technologies in a research note on Wednesday, August 2nd. BidaskClub downgraded shares of Tyler Technologies from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Northland Securities restated a “buy” rating and issued a $200.00 price target on shares of Tyler Technologies in a research note on Thursday, September 21st. Zacks Investment Research downgraded shares of Tyler Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, Maxim Group set a $197.00 price target on shares of Tyler Technologies and gave the stock a “buy” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Tyler Technologies presently has an average rating of “Buy” and an average target price of $192.29.
Shares of Tyler Technologies (NYSE:TYL) traded up 0.02% during mid-day trading on Wednesday, reaching $175.66. The company’s stock had a trading volume of 33,594 shares. The stock has a market cap of $6.55 billion, a P/E ratio of 52.62 and a beta of 0.93. The stock has a 50 day moving average of $172.69 and a 200-day moving average of $169.37. Tyler Technologies has a one year low of $139.61 and a one year high of $182.49.
Several hedge funds have recently modified their holdings of the stock. Alps Advisors Inc. grew 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 worth $542,000 after purchasing an additional 8 shares in the last quarter. Cue Financial Group Inc. grew 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 worth $473,000 after purchasing an additional 15 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew 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 worth $865,000 after purchasing an additional 30 shares in the last quarter. Teacher Retirement System of Texas grew 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 worth $490,000 after purchasing an additional 47 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of Tyler Technologies by 2.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,180 shares of the technology company’s stock worth $492,000 after purchasing an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.
In related news, VP Brian K. Miller sold 9,760 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $169.01, for a total transaction of $1,649,537.60. Following the completion of the transaction, the vice president now owns 53,194 shares in the company, valued at $8,990,317.94. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Donald R. Brattain sold 2,500 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $167.75, for a total transaction of $419,375.00. Following the transaction, the director now owns 15,220 shares of the company’s stock, valued at approximately $2,553,155. The disclosure for this sale can be found here. In the last quarter, insiders have sold 243,357 shares of company stock valued at $41,622,109. 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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