Analysts predict that Tyler Technologies, Inc. (NYSE:TYL) will announce $1.36 earnings per share (EPS) for the current quarter, Zacks reports. Six analysts have made estimates for Tyler Technologies’ earnings, with estimates ranging from $1.33 to $1.43. Tyler Technologies posted earnings per share of $1.23 in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.6%. The firm is expected to announce its next earnings report on Wednesday, October 30th.
On average, analysts expect that Tyler Technologies will report full year earnings of $5.30 per share for the current fiscal year, with EPS estimates ranging from $5.23 to $5.34. For the next financial year, analysts forecast that the business will report earnings of $5.83 per share, with EPS estimates ranging from $5.43 to $6.00. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Tyler Technologies.
Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, July 31st. The technology company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.05. Tyler Technologies had a return on equity of 11.44% and a net margin of 12.96%. The firm had revenue of $275.10 million for the quarter, compared to analyst estimates of $274.88 million. During the same quarter in the prior year, the company earned $1.18 EPS. Tyler Technologies’s revenue was up 16.5% on a year-over-year basis.
A number of equities research analysts recently issued reports on the company. KeyCorp reaffirmed a “hold” rating on shares of Tyler Technologies in a research note on Thursday, August 1st. Zacks Investment Research raised Tyler Technologies from a “sell” rating to a “hold” rating in a research note on Friday, July 5th. Benchmark upped their target price on Tyler Technologies from $235.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. ValuEngine raised Tyler Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Finally, Northland Securities reaffirmed a “buy” rating on shares of Tyler Technologies in a research note on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $249.50.
TYL stock opened at $256.59 on Thursday. Tyler Technologies has a 1 year low of $173.26 and a 1 year high of $260.04. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.00. The stock’s 50 day moving average price is $245.72 and its 200 day moving average price is $221.94. The firm has a market cap of $9.90 billion, a P/E ratio of 68.61 and a beta of 0.92.
In other Tyler Technologies news, CFO Brian K. Miller sold 2,000 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $219.62, for a total transaction of $439,240.00. Following the transaction, the chief financial officer now owns 47,932 shares of the company’s stock, valued at approximately $10,526,825.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman John S. Marr, Jr. sold 30,000 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $220.17, for a total value of $6,605,100.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 143,173 shares of company stock worth $34,907,363. Corporate insiders own 4.40% of the company’s stock.
Several institutional investors have recently modified their holdings of TYL. BlackRock Inc. raised its position in shares of Tyler Technologies by 2.2% in the 2nd quarter. BlackRock Inc. now owns 3,888,945 shares of the technology company’s stock worth $840,090,000 after buying an additional 83,696 shares during the period. DF Dent & Co. Inc. raised its position in shares of Tyler Technologies by 1.3% in the 2nd quarter. DF Dent & Co. Inc. now owns 768,059 shares of the technology company’s stock worth $165,916,000 after buying an additional 9,730 shares during the period. TimesSquare Capital Management LLC raised its position in shares of Tyler Technologies by 262.4% in the 1st quarter. TimesSquare Capital Management LLC now owns 593,503 shares of the technology company’s stock worth $121,312,000 after buying an additional 429,720 shares during the period. Wasatch Advisors Inc. raised its position in shares of Tyler Technologies by 2.7% in the 2nd quarter. Wasatch Advisors Inc. now owns 555,150 shares of the technology company’s stock worth $119,924,000 after buying an additional 14,390 shares during the period. Finally, Two Creeks Capital Management LP raised its position in shares of Tyler Technologies by 11.1% in the 2nd quarter. Two Creeks Capital Management LP now owns 552,234 shares of the technology company’s stock worth $119,294,000 after buying an additional 55,197 shares during the period. 87.72% of the stock is currently owned by institutional investors.
About Tyler Technologies
Tyler Technologies, Inc provides integrated information management solutions and services for the public sector in the United States and internationally. The company operates in two segments, Enterprise Software, and Appraisal and Tax. It offers financial management solutions, including modular fund accounting systems for government agencies or not-for-profit entities; utility billing systems for the billing and collection of metered and non-metered services; products to automate city and county functions, such as municipal courts, parking tickets, equipment and project costing, animal and business licenses, permits and inspections, code enforcement, citizen complaint tracking, ambulance billing, fleet maintenance, and cemetery records management; and student information and transportation solutions for K-12 schools.
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