Tyler Technologies (TYL) Scheduled to Post Quarterly Earnings on Wednesday

Tyler Technologies (NYSE:TYL) is scheduled to post its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect Tyler Technologies to post earnings of $2.03 per share for the quarter. Tyler Technologies has set its FY24 guidance at $8.90 to $9.10 EPS and its FY 2024 guidance at 8.900-9.100 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Tyler Technologies (NYSE:TYL) last issued 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. Tyler Technologies had a return on equity of 8.85% and a net margin of 8.50%. The company had revenue of $480.94 million for the quarter, compared to analyst estimates of $483.34 million. On average, analysts expect Tyler Technologies to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Tyler Technologies Price Performance

Tyler Technologies stock opened at $411.41 on Tuesday. The stock has a fifty day moving average of $422.97 and a 200-day moving average of $414.28. The stock has a market capitalization of $17.46 billion, a P/E ratio of 105.76, a price-to-earnings-growth ratio of 3.97 and a beta of 0.81. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 0.86. Tyler Technologies has a 52 week low of $361.16 and a 52 week high of $454.74.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TYL shares. JMP Securities restated a “market outperform” rating and issued a $490.00 price target on shares of Tyler Technologies in a research note on Friday, February 16th. Needham & Company LLC upped their price target on shares of Tyler Technologies from $475.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. JPMorgan Chase & Co. raised their price objective on Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. DA Davidson upped their target price on Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a report on Thursday, February 22nd. Finally, Piper Sandler lifted their price target on Tyler Technologies from $480.00 to $520.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $460.46.

Insiders Place Their Bets

In other news, insider John S. Marr, Jr. sold 6,500 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $427.82, for a total value of $2,780,830.00. Following the sale, the insider now directly owns 6,400 shares of the company’s stock, valued at approximately $2,738,048. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider John S. Marr, Jr. sold 6,500 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $427.82, for a total value of $2,780,830.00. Following the transaction, the insider now directly owns 6,400 shares of the company’s stock, valued at approximately $2,738,048. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO H Lynn Moore, Jr. sold 7,500 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $435.19, for a total value of $3,263,925.00. Following the sale, the chief executive officer now owns 75,000 shares in the company, valued at approximately $32,639,250. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,608 shares of company stock worth $21,974,819. 2.20% of the stock is currently owned by insiders.

About Tyler Technologies

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.