News stories about Tyler Technologies (NYSE:TYL) have trended somewhat positive on Tuesday, according to Accern Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tyler Technologies earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 44.8877314907609 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
Tyler Technologies (NYSE TYL) opened at $183.71 on Tuesday. The stock has a market cap of $6,829.51, a P/E ratio of 55.76 and a beta of 0.97. Tyler Technologies has a 1 year low of $139.61 and a 1 year high of $184.38.
Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, October 25th. The technology company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.03. The company had revenue of $214.15 million during the quarter, compared to analyst estimates of $216.80 million. Tyler Technologies had a net margin of 16.34% and a return on equity of 12.81%. Tyler Technologies’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.94 EPS. equities research analysts forecast that Tyler Technologies will post 3.28 earnings per share for the current year.
Several brokerages have recently weighed in on TYL. Zacks Investment Research lowered shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Saturday. BidaskClub raised shares of Tyler Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. B. Riley reissued a “neutral” rating and issued a $184.00 target price on shares of Tyler Technologies in a report on Thursday, October 26th. Northland Securities reissued a “buy” rating and issued a $200.00 target price on shares of Tyler Technologies in a report on Thursday, September 21st. Finally, Maxim Group set a $197.00 target price on shares of Tyler Technologies and gave the company a “buy” rating in a report on Thursday, October 26th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $193.00.
In other Tyler Technologies news, Director Luther King, Jr. sold 1,500 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $176.95, for a total transaction of $265,425.00. Following the completion of the sale, the director now owns 72,864 shares in the company, valued at approximately $12,893,284.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Luther King, Jr. sold 30,000 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $175.61, for a total transaction of $5,268,300.00. Following the sale, the director now owns 72,864 shares of the company’s stock, valued at approximately $12,795,647.04. The disclosure for this sale can be found here. Insiders sold a total of 153,532 shares of company stock valued at $26,764,326 in the last quarter. 10.30% of the stock is currently owned by company insiders.
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Tyler Technologies Company Profile
Tyler Technologies, Inc is a provider of information management solutions and services for the public sector, with a focus on local governments. The Company operates through two segments: Enterprise Software (ES) segment and The Appraisal and Tax (A&T) segment. ES segment provides municipal and county governments and schools with software systems and services for information technology and automation needs that includes back-office functions, such as financial management, courts and justice processes, public safety, planning regulatory and maintenance, and land and vital records management.
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