Tyler Technologies, Inc. (TYL) Expected to Post Quarterly Sales of $220.87 Million

Wall Street brokerages forecast that Tyler Technologies, Inc. (NYSE:TYL) will post sales of $220.87 million for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Tyler Technologies’ earnings, with the lowest sales estimate coming in at $219.91 million and the highest estimate coming in at $221.52 million. Tyler Technologies posted sales of $193.28 million during the same quarter last year, which would indicate a positive year over year growth rate of 14.3%. The business is expected to announce its next earnings report on Wednesday, February 14th.

On average, analysts expect that Tyler Technologies will report full-year sales of $220.87 million for the current financial year, with estimates ranging from $843.59 million to $845.21 million. For the next year, analysts anticipate that the company will report sales of $934.61 million per share, with estimates ranging from $927.19 million to $944.67 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Tyler Technologies.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, October 25th. The technology company reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.03. The firm had revenue of $214.15 million during the quarter, compared to analysts’ expectations of $216.80 million. Tyler Technologies had a return on equity of 12.81% and a net margin of 16.34%. Tyler Technologies’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.94 EPS.

TYL has been the subject of several research analyst reports. Needham & Company LLC reiterated a “buy” rating on shares of Tyler Technologies in a research note on Tuesday, October 24th. KeyCorp reiterated a “buy” rating and set a $180.00 target price on shares of Tyler Technologies in a research note on Friday, October 6th. Citigroup initiated coverage on Tyler Technologies in a research note on Friday, September 22nd. They set a “buy” rating and a $200.00 target price for the company. Northland Securities reiterated a “buy” rating and set a $200.00 target price on shares of Tyler Technologies in a research note on Thursday, September 21st. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $200.00 target price on shares of Tyler Technologies in a research note on Sunday, August 27th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $193.00.

In related news, VP Brian K. Miller sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $176.86, for a total transaction of $884,300.00. Following the sale, the vice president now directly owns 55,694 shares of the company’s stock, valued at approximately $9,850,040.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Luther King, Jr. sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $176.95, for a total value of $265,425.00. Following the sale, the director now directly owns 72,864 shares in the company, valued at $12,893,284.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 269,595 shares of company stock worth $48,430,269. Corporate insiders own 10.30% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Alps Advisors Inc. increased its position in Tyler Technologies by 0.3% in the second quarter. Alps Advisors Inc. now owns 3,084 shares of the technology company’s stock worth $542,000 after buying an additional 8 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Tyler Technologies by 0.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,925 shares of the technology company’s stock worth $865,000 after buying an additional 30 shares during the period. Teacher Retirement System of Texas increased its position in Tyler Technologies by 1.7% in the second quarter. Teacher Retirement System of Texas now owns 2,789 shares of the technology company’s stock worth $490,000 after buying an additional 47 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Tyler Technologies by 8.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,412 shares of the technology company’s stock worth $248,000 after buying an additional 114 shares during the period. Finally, Stifel Financial Corp increased its position in Tyler Technologies by 1.9% in the second quarter. Stifel Financial Corp now owns 7,291 shares of the technology company’s stock worth $1,279,000 after buying an additional 133 shares during the period. 93.34% of the stock is currently owned by institutional investors and hedge funds.

Tyler Technologies (TYL) opened at $180.22 on Friday. The company has a market capitalization of $6,818.62, a P/E ratio of 55.67 and a beta of 0.97. Tyler Technologies has a one year low of $139.61 and a one year high of $188.21.

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

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