Equities research analysts predict that Tyler Technologies, Inc. (NYSE:TYL) will announce earnings per share (EPS) of $1.25 for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Tyler Technologies’ earnings, with estimates ranging from $1.22 to $1.28. Tyler Technologies posted earnings of $1.07 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 16.8%. The firm is expected to report its next earnings report on Wednesday, February 20th.
On average, analysts expect that Tyler Technologies will report full year earnings of $4.80 per share for the current year, with EPS estimates ranging from $4.76 to $4.82. For the next year, analysts anticipate that the company will report earnings of $5.34 per share, with EPS estimates ranging from $5.22 to $5.45. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Tyler Technologies.
Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, October 31st. The technology company reported $1.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.23. The business had revenue of $236.10 million during the quarter, compared to the consensus estimate of $240.98 million. Tyler Technologies had a net margin of 19.47% and a return on equity of 11.19%. The company’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.05 earnings per share.
Several research firms recently weighed in on TYL. Zacks Investment Research upgraded shares of Tyler Technologies from a “sell” rating to a “hold” rating in a research report on Friday, November 23rd. Robert W. Baird reduced their price target on shares of Tyler Technologies from $260.00 to $250.00 and set an “outperform” rating for the company in a research report on Friday, November 2nd. JMP Securities reduced their price target on shares of Tyler Technologies from $250.00 to $245.00 and set a “market outperform” rating for the company in a research report on Thursday, November 1st. KeyCorp restated a “hold” rating on shares of Tyler Technologies in a research report on Friday, November 2nd. Finally, TheStreet downgraded shares of Tyler Technologies from a “b” rating to a “c+” rating in a research report on Thursday, November 1st. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Tyler Technologies has a consensus rating of “Buy” and an average price target of $233.36.
In related news, Director Dustin R. Womble sold 20,000 shares of the company’s stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $190.66, for a total transaction of $3,813,200.00. Following the completion of the sale, the director now owns 198,122 shares of the company’s stock, valued at approximately $37,773,940.52. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Luther King, Jr. sold 275 shares of the company’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $193.29, for a total transaction of $53,154.75. Following the sale, the director now directly owns 72,864 shares of the company’s stock, valued at approximately $14,083,882.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,927 shares of company stock valued at $6,278,880. Insiders own 4.70% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Harvest Fund Management Co. Ltd grew its stake in shares of Tyler Technologies by 390.6% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 574 shares of the technology company’s stock valued at $141,000 after buying an additional 457 shares during the period. First Republic Investment Management Inc. purchased a new stake in shares of Tyler Technologies in the 3rd quarter valued at approximately $201,000. Waldron Private Wealth LLC purchased a new stake in shares of Tyler Technologies in the 3rd quarter valued at approximately $207,000. Engineers Gate Manager LP purchased a new stake in shares of Tyler Technologies in the 3rd quarter valued at approximately $208,000. Finally, Northeast Investment Management purchased a new stake in shares of Tyler Technologies in the 3rd quarter valued at approximately $221,000. 91.18% of the stock is owned by institutional investors.
Shares of Tyler Technologies stock opened at $185.51 on Tuesday. Tyler Technologies has a fifty-two week low of $176.36 and a fifty-two week high of $252.47. The stock has a market capitalization of $7.27 billion, a price-to-earnings ratio of 51.46, a PEG ratio of 4.97 and a beta of 0.88.
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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