Equities analysts expect Tyler Technologies, Inc. (NYSE:TYL) to announce earnings of $1.22 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Tyler Technologies’ earnings, with the lowest EPS estimate coming in at $1.20 and the highest estimate coming in at $1.26. Tyler Technologies posted earnings of $1.05 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 16.2%. The business is expected to issue its next quarterly earnings results on Wednesday, October 24th.
According to Zacks, analysts expect that Tyler Technologies will report full-year earnings of $4.81 per share for the current year, with EPS estimates ranging from $4.80 to $4.84. For the next fiscal year, analysts forecast that the firm will post earnings of $5.51 per share, with EPS estimates ranging from $5.31 to $5.75. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Tyler Technologies.
Tyler Technologies (NYSE:TYL) last announced its earnings results on Thursday, July 26th. The technology company reported $1.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.05. The business had revenue of $236.10 million during the quarter, compared to the consensus estimate of $233.28 million. Tyler Technologies had a net margin of 19.91% and a return on equity of 11.70%. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.91 earnings per share.
A number of research analysts recently weighed in on the stock. Robert W. Baird restated a “buy” rating and set a $260.00 target price (up previously from $240.00) on shares of Tyler Technologies in a research note on Friday, July 27th. Zacks Investment Research upgraded shares of Tyler Technologies from a “hold” rating to a “buy” rating and set a $267.00 target price on the stock in a research note on Tuesday, July 24th. Piper Jaffray Companies lifted their target price on shares of Tyler Technologies from $242.00 to $260.00 and gave the company an “overweight” rating in a research note on Monday, June 25th. Finally, B. Riley lifted their target price on shares of Tyler Technologies from $200.00 to $206.00 and gave the company a “neutral” rating in a research note on Monday, July 30th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $236.30.
NYSE:TYL traded down $3.36 during trading hours on Wednesday, reaching $220.38. The company had a trading volume of 130,000 shares, compared to its average volume of 199,114. Tyler Technologies has a 52 week low of $168.12 and a 52 week high of $252.47. The company has a market cap of $9.47 billion, a PE ratio of 69.30, a price-to-earnings-growth ratio of 6.46 and a beta of 0.82.
In other news, Director Brenda A. Cline sold 4,000 shares of the business’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $250.39, for a total value of $1,001,560.00. Following the sale, the director now directly owns 5,000 shares in the company, valued at approximately $1,251,950. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider H Lynn Moore, Jr. sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $225.33, for a total transaction of $1,126,650.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 138,397 shares of company stock worth $33,361,594. Corporate insiders own 4.70% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Louisiana State Employees Retirement System grew its holdings in Tyler Technologies by 10.4% during the 3rd quarter. Louisiana State Employees Retirement System now owns 10,600 shares of the technology company’s stock valued at $2,598,000 after purchasing an additional 1,000 shares during the last quarter. First Hawaiian Bank bought a new position in Tyler Technologies during the 3rd quarter valued at about $898,000. Personal Capital Advisors Corp grew its holdings in Tyler Technologies by 2.1% during the 3rd quarter. Personal Capital Advisors Corp now owns 121,696 shares of the technology company’s stock valued at $29,823,000 after purchasing an additional 2,522 shares during the last quarter. Riverbridge Partners LLC grew its holdings in Tyler Technologies by 46.6% during the 3rd quarter. Riverbridge Partners LLC now owns 346,911 shares of the technology company’s stock valued at $85,014,000 after purchasing an additional 110,306 shares during the last quarter. Finally, Old Port Advisors bought a new position in Tyler Technologies during the 2nd quarter valued at about $4,873,000. Hedge funds and other institutional investors own 92.27% of the company’s stock.
About Tyler Technologies
Tyler Technologies, Inc provides integrated information management solutions and services for the public sector in the United States and internationally. It operates through two segments, Enterprise Software, and Appraisal and Tax. The company's financial management solutions include modular fund accounting systems for government agencies or not-for-profit entities; and utility billing systems for the billing and collection of metered and non-metered services.
See Also: Calculate Your Return on Investment (ROI)
Get a free copy of the Zacks research report on Tyler Technologies (TYL)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Tyler Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyler Technologies and related companies with MarketBeat.com's FREE daily email newsletter.