Q2 2024 EPS Estimates for Tyler Technologies, Inc. Boosted by Analyst (NYSE:TYL)

Tyler Technologies, Inc. (NYSE:TYL) – Research analysts at William Blair increased their Q2 2024 earnings per share estimates for shares of Tyler Technologies in a report released on Thursday, April 25th. William Blair analyst J. Ho now anticipates that the technology company will post earnings per share of $1.77 for the quarter, up from their prior forecast of $1.74. The consensus estimate for Tyler Technologies’ current full-year earnings is $7.01 per share. William Blair also issued estimates for Tyler Technologies’ Q4 2024 earnings at $1.71 EPS.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. The business had revenue of $480.94 million during the quarter, compared to analyst estimates of $483.34 million. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%.

A number of other equities analysts have also commented on the company. JPMorgan Chase & Co. increased their price target on Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Piper Sandler reiterated an “overweight” rating and set a $520.00 target price on shares of Tyler Technologies in a research report on Wednesday, April 24th. Needham & Company LLC restated a “buy” rating and issued a $500.00 price objective on shares of Tyler Technologies in a report on Thursday. JMP Securities restated a “market outperform” rating and set a $490.00 price objective on shares of Tyler Technologies in a research note on Friday. Finally, Robert W. Baird raised their price objective on Tyler Technologies from $500.00 to $525.00 and gave the company an “outperform” rating in a report on Friday. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $480.60.

Tyler Technologies Stock Up 0.6 %

Shares of TYL opened at $460.74 on Monday. Tyler Technologies has a 12-month low of $361.16 and a 12-month high of $465.78. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $19.56 billion, a PE ratio of 104.24, a price-to-earnings-growth ratio of 4.53 and a beta of 0.81. The business’s 50 day moving average is $423.02 and its 200 day moving average is $415.62.

Institutional Investors Weigh In On Tyler Technologies

Large investors have recently bought and sold shares of the stock. First Trust Direct Indexing L.P. boosted its holdings in shares of Tyler Technologies by 2.7% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 1,095 shares of the technology company’s stock valued at $423,000 after purchasing an additional 29 shares during the last quarter. Baron Wealth Management LLC grew its stake in shares of Tyler Technologies by 2.0% during the fourth quarter. Baron Wealth Management LLC now owns 1,463 shares of the technology company’s stock valued at $612,000 after acquiring an additional 29 shares in the last quarter. Centered Wealth LLC dba Miller Equity Capital Advisors increased its position in shares of Tyler Technologies by 0.8% during the fourth quarter. Centered Wealth LLC dba Miller Equity Capital Advisors now owns 3,920 shares of the technology company’s stock worth $1,639,000 after acquiring an additional 30 shares during the last quarter. GW&K Investment Management LLC lifted its stake in shares of Tyler Technologies by 0.3% in the fourth quarter. GW&K Investment Management LLC now owns 12,044 shares of the technology company’s stock worth $5,035,000 after acquiring an additional 31 shares in the last quarter. Finally, Avantax Advisory Services Inc. boosted its holdings in Tyler Technologies by 5.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 670 shares of the technology company’s stock valued at $280,000 after purchasing an additional 33 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Insider Activity at Tyler Technologies

In related news, CFO Brian K. Miller sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $442.99, for a total transaction of $2,214,950.00. Following the transaction, the chief financial officer now owns 14,610 shares in the company, valued at approximately $6,472,083.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO H Lynn Moore, Jr. sold 1,849 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $421.19, for a total transaction of $778,780.31. Following the sale, the chief executive officer now owns 79,502 shares of the company’s stock, valued at $33,485,447.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Brian K. Miller sold 5,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $442.99, for a total value of $2,214,950.00. Following the completion of the sale, the chief financial officer now directly owns 14,610 shares in the company, valued at approximately $6,472,083.90. The disclosure for this sale can be found here. Insiders have sold 50,608 shares of company stock valued at $21,974,819 over the last quarter. 2.20% of the stock is owned by insiders.

Tyler Technologies Company Profile

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. It operates in two segments, Enterprise Software and Platform Technologies. The company offers platform and transformative technology solutions, including cybersecurity for government agencies; data and insights solutions; digital solutions that helps workers and policymakers to share, communicate, and leverage data; payments solutions, such as billing, presentment, merchant onboarding, collections, reconciliation, and disbursements; platform technologies, an application development platform that enables government workers to build solutions and applications; and outdoor recreation solutions, including campsite reservations, activity registrations, licensing sales and renewals, and real-time data for conservation and park management.