$254.03 Million in Sales Expected for Tyler Technologies, Inc. (TYL) This Quarter

Equities analysts forecast that Tyler Technologies, Inc. (NYSE:TYL) will announce sales of $254.03 million for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Tyler Technologies’ earnings. The highest sales estimate is $260.60 million and the lowest is $250.30 million. Tyler Technologies reported sales of $221.17 million during the same quarter last year, which suggests a positive year over year growth rate of 14.9%. The company is expected to announce its next earnings results on Wednesday, May 1st.

According to Zacks, analysts expect that Tyler Technologies will report full year sales of $1.10 billion for the current fiscal year, with estimates ranging from $1.09 billion to $1.10 billion. For the next fiscal year, analysts forecast that the business will report sales of $1.21 billion, with estimates ranging from $1.19 billion to $1.23 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Tyler Technologies.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, February 20th. The technology company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.29. The firm had revenue of $242.00 million for the quarter, compared to the consensus estimate of $244.65 million. Tyler Technologies had a return on equity of 11.28% and a net margin of 15.74%. The company’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.07 earnings per share.

A number of equities analysts have issued reports on the company. TheStreet upgraded Tyler Technologies from a “c+” rating to a “b-” rating in a research report on Friday, February 15th. DA Davidson downgraded Tyler Technologies from a “buy” rating to a “neutral” rating and set a $210.00 price target on the stock. in a research report on Friday, February 22nd. ValuEngine downgraded Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Friday, February 22nd. Northland Securities reiterated a “buy” rating and set a $240.00 price target on shares of Tyler Technologies in a research report on Friday, February 22nd. Finally, KeyCorp reiterated a “hold” rating on shares of Tyler Technologies in a research report on Thursday, February 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $238.56.

In other Tyler Technologies news, insider John S. Marr, Jr. sold 30,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $200.84, for a total transaction of $6,025,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman John S. Marr, Jr. sold 10,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $201.26, for a total value of $2,012,600.00. The disclosure for this sale can be found here. Insiders have sold 43,676 shares of company stock valued at $8,798,254 in the last three months. Insiders own 4.70% of the company’s stock.

Several institutional investors have recently made changes to their positions in the business. First Hawaiian Bank raised its holdings in shares of Tyler Technologies by 1.7% during the fourth quarter. First Hawaiian Bank now owns 3,724 shares of the technology company’s stock valued at $692,000 after acquiring an additional 61 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of Tyler Technologies by 22.9% during the fourth quarter. Captrust Financial Advisors now owns 403 shares of the technology company’s stock valued at $75,000 after acquiring an additional 75 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Tyler Technologies by 15.6% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 629 shares of the technology company’s stock valued at $117,000 after acquiring an additional 85 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Tyler Technologies by 2.1% during the fourth quarter. State of Alaska Department of Revenue now owns 4,709 shares of the technology company’s stock valued at $875,000 after acquiring an additional 97 shares during the last quarter. Finally, Brinker Capital Inc. raised its holdings in shares of Tyler Technologies by 2.0% during the fourth quarter. Brinker Capital Inc. now owns 5,207 shares of the technology company’s stock valued at $968,000 after acquiring an additional 103 shares during the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

TYL stock traded up $0.77 during mid-day trading on Friday, reaching $202.39. 553,886 shares of the company’s stock were exchanged, compared to its average volume of 303,698. The company has a market capitalization of $7.72 billion, a P/E ratio of 54.11, a P/E/G ratio of 4.83 and a beta of 0.92. Tyler Technologies has a 12-month low of $173.26 and a 12-month high of $252.47.

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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