Tyler Technologies (NYSE:TYL) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $4.76-4.84 for the period, compared to the Thomson Reuters consensus estimate of $4.81. The company issued revenue guidance of $940-950 million, compared to the consensus revenue estimate of $944.22 million.
Several research analysts have issued reports on the company. KeyCorp reiterated a hold rating on shares of Tyler Technologies in a research report on Friday. JMP Securities cut their price objective on Tyler Technologies from $250.00 to $245.00 and set a market outperform rating for the company in a research report on Thursday. Zacks Investment Research upgraded Tyler Technologies from a hold rating to a buy rating and set a $267.00 price objective for the company in a research report on Tuesday, July 24th. Robert W. Baird reiterated a buy rating and issued a $260.00 price objective (up previously from $240.00) on shares of Tyler Technologies in a research report on Friday, July 27th. Finally, B. Riley increased their price objective on Tyler Technologies from $200.00 to $206.00 and gave the stock a neutral rating in a research report on Monday, July 30th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $234.27.
Shares of TYL stock traded up $0.24 during mid-day trading on Friday, reaching $195.00. The stock had a trading volume of 9,872 shares, compared to its average volume of 206,621. Tyler Technologies has a 12-month low of $168.12 and a 12-month high of $252.47. The stock has a market cap of $8.05 billion, a P/E ratio of 61.16, a P/E/G ratio of 5.49 and a beta of 0.82.
Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, October 31st. The technology company reported $1.23 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.23. Tyler Technologies had a return on equity of 11.70% and a net margin of 19.91%. The business had revenue of $236.10 million during the quarter, compared to analysts’ expectations of $240.98 million. During the same quarter last year, the business posted $1.05 earnings per share. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. Analysts forecast that Tyler Technologies will post 3.79 EPS for the current year.
In related news, VP Brian K. Miller sold 10,000 shares of the stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $233.87, for a total transaction of $2,338,700.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John S. Marr, Jr. sold 30,460 shares of the stock in a transaction on Thursday, August 30th. The shares were sold at an average price of $244.50, for a total value of $7,447,470.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 133,397 shares of company stock valued at $32,234,944. Company insiders own 4.70% 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.
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