Tyler Technologies, Inc. (NYSE:TYL) Expected to Post Earnings of $1.43 Per Share

Analysts predict that Tyler Technologies, Inc. (NYSE:TYL) will report earnings of $1.43 per share for the current quarter, Zacks reports. Five analysts have provided estimates for Tyler Technologies’ earnings, with the lowest EPS estimate coming in at $1.38 and the highest estimate coming in at $1.45. Tyler Technologies reported earnings of $1.26 per share during the same quarter last year, which suggests a positive year over year growth rate of 13.5%. The firm is scheduled to report its next earnings report on Wednesday, February 19th.

On average, analysts expect that Tyler Technologies will report full year earnings of $5.31 per share for the current fiscal year, with EPS estimates ranging from $5.26 to $5.34. For the next financial year, analysts forecast that the business will post earnings of $5.89 per share, with EPS estimates ranging from $5.78 to $6.00. Zacks’ earnings per share calculations are an average based on a survey of research firms that that provide coverage for Tyler Technologies.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, October 30th. The technology company reported $1.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.36 by ($0.01). The company had revenue of $275.40 million for the quarter, compared to analyst estimates of $281.03 million. Tyler Technologies had a return on equity of 11.51% and a net margin of 12.63%. Tyler Technologies’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.23 earnings per share.

Several equities analysts have recently issued reports on the company. DA Davidson boosted their target price on Tyler Technologies from $216.00 to $238.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. They noted that the move was a valuation call. JMP Securities boosted their target price on Tyler Technologies from $245.00 to $286.00 and gave the stock a “market outperform” rating in a research report on Friday, September 27th. KeyCorp restated a “hold” rating on shares of Tyler Technologies in a research report on Thursday, August 1st. ValuEngine lowered Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Oppenheimer assumed coverage on Tyler Technologies in a research report on Monday, October 7th. They set an “outperform” rating and a $300.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $271.25.

In related news, CFO Brian K. Miller sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $256.52, for a total value of $769,560.00. Following the completion of the transaction, the chief financial officer now directly owns 50,216 shares in the company, valued at approximately $12,881,408.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brenda A. Cline sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $256.91, for a total value of $1,284,550.00. Following the completion of the transaction, the director now owns 7,099 shares of the company’s stock, valued at $1,823,804.09. The disclosure for this sale can be found here. Insiders sold a total of 77,700 shares of company stock valued at $20,023,830 over the last quarter. 4.40% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Zions Bancorporation N.A. boosted its position in Tyler Technologies by 6.2% during the 2nd quarter. Zions Bancorporation N.A. now owns 971 shares of the technology company’s stock worth $210,000 after acquiring an additional 57 shares during the last quarter. Pennsylvania Trust Co boosted its position in Tyler Technologies by 14.2% during the 2nd quarter. Pennsylvania Trust Co now owns 52,481 shares of the technology company’s stock worth $11,337,000 after acquiring an additional 6,526 shares during the last quarter. Riverbridge Partners LLC boosted its position in Tyler Technologies by 26.6% during the 2nd quarter. Riverbridge Partners LLC now owns 406,943 shares of the technology company’s stock worth $87,908,000 after acquiring an additional 85,579 shares during the last quarter. Handelsbanken Fonder AB boosted its position in Tyler Technologies by 25.0% during the 2nd quarter. Handelsbanken Fonder AB now owns 50,000 shares of the technology company’s stock worth $10,801,000 after acquiring an additional 10,000 shares during the last quarter. Finally, CENTRAL TRUST Co boosted its position in Tyler Technologies by 91.1% during the 2nd quarter. CENTRAL TRUST Co now owns 4,398 shares of the technology company’s stock worth $996,000 after acquiring an additional 2,096 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Shares of Tyler Technologies stock traded down $1.24 during trading on Tuesday, hitting $278.38. 303,278 shares of the company were exchanged, compared to its average volume of 236,368. The firm has a market capitalization of $10.83 billion, a P/E ratio of 74.43 and a beta of 0.86. Tyler Technologies has a 1-year low of $173.26 and a 1-year high of $284.33. The firm’s fifty day moving average price is $264.96 and its 200 day moving average price is $240.23. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20.

About Tyler Technologies

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector in the United States and internationally. The company operates in two segments, Enterprise Software, and Appraisal and Tax. It offers financial management solutions, including modular fund accounting systems for government agencies or not-for-profit entities; utility billing systems for the billing and collection of metered and non-metered services; products to automate city and county functions, such as municipal courts, parking tickets, equipment and project costing, animal and business licenses, permits and inspections, code enforcement, citizen complaint tracking, ambulance billing, fleet maintenance, and cemetery records management; and student information and transportation solutions for K-12 schools.

Recommended Story: CBOE Russell 2000® Volatility Index

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.