Analysts expect that Tyler Technologies, Inc. (NYSE:TYL) will post $1.04 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have provided estimates for Tyler Technologies’ earnings, with the highest EPS estimate coming in at $1.06 and the lowest estimate coming in at $1.03. Tyler Technologies posted earnings of $0.90 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 15.6%. The business is expected to issue its next quarterly earnings results on Wednesday, February 14th.

On average, analysts expect that Tyler Technologies will report full-year earnings of $3.90 per share for the current fiscal year, with EPS estimates ranging from $3.89 to $3.91. For the next fiscal year, analysts forecast that the business will report earnings of $4.33 per share, with EPS estimates ranging from $4.19 to $4.45. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Tyler Technologies.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, October 25th. The technology company reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.03. The business had revenue of $214.15 million during the quarter, compared to the consensus estimate of $216.80 million. Tyler Technologies had a net margin of 16.34% and a return on equity of 12.81%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.94 earnings per share.

Several equities analysts have commented on the stock. Piper Jaffray Companies restated an “overweight” rating and issued a $220.00 price target on shares of Tyler Technologies in a research note on Tuesday. B. Riley downgraded shares of Tyler Technologies from a “buy” rating to a “neutral” rating and set a $184.00 price target for the company. in a research note on Friday, October 27th. Zacks Investment Research downgraded shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Needham & Company LLC restated a “buy” rating on shares of Tyler Technologies in a research note on Tuesday, October 24th. Finally, KeyCorp restated a “buy” rating and issued a $180.00 price target on shares of Tyler Technologies in a research note on Friday, October 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $195.50.

In related news, Director Dustin R. Womble sold 8,100 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $172.15, for a total transaction of $1,394,415.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President H Lynn Moore, Jr. sold 6,000 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $179.57, for a total transaction of $1,077,420.00. Following the transaction, the president now owns 61,278 shares of the company’s stock, valued at approximately $11,003,690.46. The disclosure for this sale can be found here. In the last quarter, insiders have sold 352,207 shares of company stock valued at $63,349,769. Insiders own 10.30% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Atlantic Trust Group LLC purchased a new stake in Tyler Technologies in the third quarter valued at $76,095,000. Parametric Portfolio Associates LLC lifted its position in Tyler Technologies by 6.4% in the third quarter. Parametric Portfolio Associates LLC now owns 76,513 shares of the technology company’s stock valued at $13,338,000 after acquiring an additional 4,600 shares during the last quarter. California Public Employees Retirement System lifted its position in Tyler Technologies by 2.4% in the third quarter. California Public Employees Retirement System now owns 77,015 shares of the technology company’s stock valued at $13,425,000 after acquiring an additional 1,815 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Tyler Technologies by 43.5% in the third quarter. Janney Montgomery Scott LLC now owns 2,764 shares of the technology company’s stock valued at $482,000 after acquiring an additional 838 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in Tyler Technologies in the third quarter valued at $444,000. 91.76% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies (TYL) traded up $0.06 during trading hours on Tuesday, hitting $187.95. 84,900 shares of the company’s stock traded hands, compared to its average volume of 147,478. The firm has a market capitalization of $7,060.93, a P/E ratio of 55.12 and a beta of 0.98. Tyler Technologies has a fifty-two week low of $143.38 and a fifty-two week high of $188.65.

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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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