Tyler Technologies (NYSE:TYL) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of ~$4.73-4.83 for the period, compared to the Thomson Reuters consensus estimate of $4.39. The company issued revenue guidance of $912-928 million, compared to the consensus revenue estimate of $932.48 million.
A number of brokerages have recently issued reports on TYL. Maxim Group upped their target price on shares of Tyler Technologies from $197.00 to $220.00 and gave the stock a buy rating in a research report on Friday, February 16th. Piper Jaffray Companies reiterated an overweight rating and set a $220.00 target price on shares of Tyler Technologies in a research report on Tuesday, January 16th. B. Riley lowered shares of Tyler Technologies from a buy rating to a neutral rating and set a $184.00 target price on the stock. in a research report on Friday, October 27th. Zacks Investment Research lowered shares of Tyler Technologies from a buy rating to a hold rating in a research report on Saturday, December 2nd. Finally, Needham & Company LLC reiterated a buy rating on shares of Tyler Technologies in a research report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $200.29.
Shares of Tyler Technologies (TYL) traded down $2.38 during mid-day trading on Wednesday, hitting $205.14. 491,509 shares of the stock were exchanged, compared to its average volume of 198,097. Tyler Technologies has a 12 month low of $151.37 and a 12 month high of $208.67. The firm has a market capitalization of $7,710.00, a price-to-earnings ratio of 52.74 and a beta of 1.00.
In related news, CEO John S. Marr, Jr. sold 17,527 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $183.34, for a total value of $3,213,400.18. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO John S. Marr, Jr. sold 17,000 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $184.93, for a total transaction of $3,143,810.00. The disclosure for this sale can be found here. Insiders sold 239,007 shares of company stock worth $43,497,883 over the last 90 days. 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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