Tyler Technologies, Inc. (TYL) Expected to Announce Quarterly Sales of $220.87 Million

Wall Street brokerages expect Tyler Technologies, Inc. (NYSE:TYL) to post sales of $220.87 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Tyler Technologies’ earnings, with estimates ranging from $219.91 million to $221.52 million. Tyler Technologies posted sales of $193.28 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 14.3%. The company is scheduled to report its next earnings report on Wednesday, February 14th.

According to Zacks, analysts expect that Tyler Technologies will report full-year sales of $220.87 million for the current financial year, with estimates ranging from $843.59 million to $845.21 million. For the next fiscal year, analysts anticipate that the firm will report sales of $934.61 million per share, with estimates ranging from $927.19 million to $944.67 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Tyler Technologies.

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

A number of research analysts have issued reports on TYL shares. Needham & Company LLC reissued a “buy” rating on shares of Tyler Technologies in a research note on Tuesday, October 24th. Piper Jaffray Companies reissued a “buy” rating and set a $200.00 target price on shares of Tyler Technologies in a research note on Friday, October 27th. Zacks Investment Research lowered shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. B. Riley lowered shares of Tyler Technologies from a “buy” rating to a “neutral” rating and set a $184.00 target price for the company. in a research note on Friday, October 27th. Finally, Citigroup started coverage on shares of Tyler Technologies in a research note on Friday, September 22nd. They set a “buy” rating and a $200.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $195.50.

In other news, VP Brian K. Miller sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $176.86, for a total value of $884,300.00. Following the completion of the sale, the vice president now directly owns 55,694 shares of the company’s stock, valued at approximately $9,850,040.84. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Larry D. Leinweber sold 64,612 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $180.85, for a total transaction of $11,685,080.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 352,207 shares of company stock valued at $63,349,769. Company insiders own 10.30% of the company’s stock.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Tyler Technologies by 5.7% in the 2nd quarter. Vanguard Group Inc. now owns 2,804,393 shares of the technology company’s stock worth $492,648,000 after acquiring an additional 150,879 shares during the period. BlackRock Inc. lifted its stake in shares of Tyler Technologies by 2.0% in the 2nd quarter. BlackRock Inc. now owns 2,793,116 shares of the technology company’s stock worth $490,668,000 after acquiring an additional 55,453 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Tyler Technologies by 327.0% in the 2nd quarter. Janus Henderson Group PLC now owns 1,865,432 shares of the technology company’s stock worth $327,700,000 after acquiring an additional 1,428,513 shares during the period. State Street Corp lifted its stake in shares of Tyler Technologies by 2.6% in the 2nd quarter. State Street Corp now owns 883,996 shares of the technology company’s stock worth $155,293,000 after acquiring an additional 22,323 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Tyler Technologies by 1.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 766,672 shares of the technology company’s stock worth $134,682,000 after acquiring an additional 9,969 shares during the period. 91.76% of the stock is owned by institutional investors.

Tyler Technologies (NYSE:TYL) opened at $191.28 on Thursday. The stock has a market cap of $7,124.05, a PE ratio of 56.09 and a beta of 0.98. Tyler Technologies has a one year low of $143.38 and a one year high of $192.39.

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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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