Q2 2021 EPS Estimates for Tyler Technologies, Inc. (NYSE:TYL) Raised by Analyst

Tyler Technologies, Inc. (NYSE:TYL) – Analysts at William Blair raised their Q2 2021 earnings per share (EPS) estimates for shares of Tyler Technologies in a note issued to investors on Monday, June 7th. William Blair analyst J. Ho now expects that the technology company will post earnings of $1.15 per share for the quarter, up from their prior estimate of $1.02.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, April 28th. The technology company reported $1.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.48. The business had revenue of $294.80 million during the quarter, compared to analysts’ expectations of $289.70 million. Tyler Technologies had a net margin of 16.23% and a return on equity of 9.51%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.25 EPS.

A number of other research firms have also weighed in on TYL. JMP Securities boosted their target price on shares of Tyler Technologies from $435.00 to $480.00 and gave the stock a “market outperform” rating in a report on Thursday, February 11th. BTIG Research reissued a “hold” rating on shares of Tyler Technologies in a report on Tuesday. Zacks Investment Research raised shares of Tyler Technologies from a “sell” rating to a “strong-buy” rating and set a $479.00 target price on the stock in a report on Thursday. Northcoast Research raised shares of Tyler Technologies from a “neutral” rating to a “buy” rating and set a $500.00 target price on the stock in a report on Wednesday, March 17th. Finally, DA Davidson boosted their target price on shares of Tyler Technologies from $370.00 to $395.00 and gave the stock a “neutral” rating in a report on Friday, February 12th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Tyler Technologies has a consensus rating of “Buy” and a consensus price target of $448.22.

TYL stock opened at $424.52 on Thursday. The stock’s 50 day moving average is $419.38. The firm has a market cap of $17.29 billion, a PE ratio of 96.26 and a beta of 0.56. Tyler Technologies has a 1 year low of $319.58 and a 1 year high of $479.79. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.24 and a current ratio of 3.24.

In related news, Chairman John S. Marr, Jr. sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 18th. The shares were sold at an average price of $397.09, for a total transaction of $3,970,900.00. Following the transaction, the chairman now owns 84,453 shares in the company, valued at approximately $33,535,441.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Luther King, Jr. sold 7,935 shares of the business’s stock in a transaction on Wednesday, May 12th. The shares were sold at an average price of $387.70, for a total transaction of $3,076,399.50. Following the transaction, the director now owns 80,767 shares in the company, valued at approximately $31,313,365.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,935 shares of company stock worth $11,130,300. Insiders own 2.70% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. APG Asset Management N.V. lifted its position in shares of Tyler Technologies by 195.3% during the 1st quarter. APG Asset Management N.V. now owns 1,625,631 shares of the technology company’s stock valued at $587,194,000 after acquiring an additional 1,075,146 shares during the period. Principal Financial Group Inc. raised its holdings in Tyler Technologies by 50.0% during the first quarter. Principal Financial Group Inc. now owns 1,126,651 shares of the technology company’s stock worth $478,297,000 after buying an additional 375,633 shares during the last quarter. Alliancebernstein L.P. raised its holdings in Tyler Technologies by 0.8% during the fourth quarter. Alliancebernstein L.P. now owns 762,263 shares of the technology company’s stock worth $332,743,000 after buying an additional 5,920 shares during the last quarter. Geode Capital Management LLC raised its holdings in Tyler Technologies by 4.2% during the first quarter. Geode Capital Management LLC now owns 717,038 shares of the technology company’s stock worth $303,655,000 after buying an additional 28,695 shares during the last quarter. Finally, Morgan Stanley raised its holdings in Tyler Technologies by 4.8% during the first quarter. Morgan Stanley now owns 605,026 shares of the technology company’s stock worth $256,851,000 after buying an additional 27,898 shares during the last quarter. Institutional investors own 91.01% of the company’s stock.

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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Earnings History and Estimates for Tyler Technologies (NYSE:TYL)

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