Tyler Technologies, Inc. (NYSE:TYL) Expected to Announce Earnings of $1.35 Per Share

Analysts expect that Tyler Technologies, Inc. (NYSE:TYL) will post earnings per share (EPS) of $1.35 for the current quarter, according to Zacks. Five analysts have provided estimates for Tyler Technologies’ earnings, with the highest EPS estimate coming in at $1.38 and the lowest estimate coming in at $1.33. Tyler Technologies reported earnings of $1.23 per share during the same quarter last year, which suggests a positive year over year growth rate of 9.8%. The business is expected to report its next quarterly earnings report on Wednesday, October 30th.

According to Zacks, analysts expect that Tyler Technologies will report full-year earnings of $5.32 per share for the current financial year, with EPS estimates ranging from $5.29 to $5.34. For the next financial year, analysts expect that the company will post earnings of $5.91 per share, with EPS estimates ranging from $5.75 to $6.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Tyler Technologies.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.06 EPS for the quarter, beating the consensus estimate of $1.01 by $0.05. Tyler Technologies had a net margin of 12.96% and a return on equity of 11.44%. The business had revenue of $275.10 million during the quarter, compared to the consensus estimate of $274.88 million. During the same quarter in the prior year, the firm earned $1.18 EPS. The business’s revenue was up 16.5% on a year-over-year basis.

A number of research analysts recently commented on the stock. Northland Securities reaffirmed a “buy” rating on shares of Tyler Technologies in a report on Thursday, August 1st. KeyCorp reaffirmed a “hold” rating on shares of Tyler Technologies in a report on Thursday, August 1st. Benchmark increased their price target on shares of Tyler Technologies from $235.00 to $285.00 and gave the company a “buy” rating in a report on Friday, August 2nd. ValuEngine downgraded shares of Tyler Technologies from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Zacks Investment Research raised shares of Tyler Technologies from a “sell” rating to a “hold” rating in a report on Friday, July 5th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $254.63.

Shares of TYL traded up $0.22 during midday trading on Friday, hitting $262.29. 230,417 shares of the company traded hands, compared to its average volume of 236,885. The firm has a 50 day moving average of $257.11 and a 200-day moving average of $229.58. Tyler Technologies has a 52 week low of $173.26 and a 52 week high of $265.56. The stock has a market cap of $10.12 billion, a price-to-earnings ratio of 70.13 and a beta of 0.91. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.00.

In related news, Director Brenda A. Cline sold 5,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $256.91, for a total value of $1,284,550.00. Following the completion of the transaction, the director now owns 7,099 shares of the company’s stock, valued at approximately $1,823,804.09. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Daniel M. Pope sold 1,215 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $240.00, for a total transaction of $291,600.00. Following the completion of the transaction, the director now directly owns 2,314 shares of the company’s stock, valued at approximately $555,360. The disclosure for this sale can be found here. In the last ninety days, insiders sold 127,704 shares of company stock valued at $32,713,354. 4.40% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its stake in Tyler Technologies by 29.3% in the second quarter. Envestnet Asset Management Inc. now owns 59,202 shares of the technology company’s stock worth $12,789,000 after purchasing an additional 13,400 shares during the last quarter. Waratah Capital Advisors Ltd. bought a new stake in Tyler Technologies in the second quarter worth about $3,792,000. M&T Bank Corp lifted its stake in Tyler Technologies by 23.9% in the second quarter. M&T Bank Corp now owns 1,484 shares of the technology company’s stock worth $320,000 after purchasing an additional 286 shares during the last quarter. Capital Investment Services of America Inc. lifted its stake in Tyler Technologies by 13.5% in the second quarter. Capital Investment Services of America Inc. now owns 57,864 shares of the technology company’s stock worth $12,500,000 after purchasing an additional 6,895 shares during the last quarter. Finally, California State Teachers Retirement System lifted its stake in Tyler Technologies by 0.4% in the first quarter. California State Teachers Retirement System now owns 60,436 shares of the technology company’s stock worth $12,353,000 after purchasing an additional 237 shares during the last quarter. 87.69% of the stock is owned by institutional investors and hedge funds.

Tyler Technologies Company Profile

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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