KeyCorp Comments on Tyler Technologies, Inc.’s FY2019 Earnings (TYL)

Tyler Technologies, Inc. (NYSE:TYL) – Research analysts at KeyCorp issued their FY2019 earnings per share (EPS) estimates for shares of Tyler Technologies in a note issued to investors on Thursday. KeyCorp analyst B. Bracelin forecasts that the technology company will post earnings per share of $4.23 for the year. KeyCorp has a “Buy” rating and a $180.00 price objective on the stock.

Several other research firms also recently weighed in on TYL. Piper Jaffray Companies reissued a “buy” rating and issued a $200.00 price objective on shares of Tyler Technologies in a report on Friday. Northland Securities restated a “buy” rating and set a $200.00 price target on shares of Tyler Technologies in a research note on Thursday, September 21st. BidaskClub upgraded Tyler Technologies from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Zacks Investment Research upgraded Tyler Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Finally, Needham & Company LLC restated a “buy” rating on shares of Tyler Technologies in a research note on Tuesday, October 24th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $192.29.

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Tyler Technologies (TYL) traded down 0.98% during midday trading on Monday, hitting $178.56. The stock had a trading volume of 52,394 shares. Tyler Technologies has a one year low of $139.61 and a one year high of $183.98. The stock has a 50-day moving average price of $174.47 and a 200 day moving average price of $170.84. The firm has a market cap of $6.66 billion, a PE ratio of 53.49 and a beta of 0.93.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, October 25th. The technology company reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.03. Tyler Technologies had a return on equity of 12.81% and a net margin of 16.34%. The business had revenue of $214.15 million during the quarter, compared to analysts’ expectations of $216.80 million. During the same quarter in the prior year, the business earned $0.94 earnings per share. The company’s quarterly revenue was up 10.1% compared to the same quarter last year.

In other news, VP Brian K. Miller sold 1,848 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $172.58, for a total value of $318,927.84. Following the completion of the transaction, the vice president now owns 52,657 shares in the company, valued at $9,087,545.06. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Larry D. Leinweber sold 36,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $171.82, for a total value of $6,185,520.00. The disclosure for this sale can be found here. Insiders sold 243,357 shares of company stock valued at $41,622,109 in the last quarter. 10.30% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. Alps Advisors Inc. increased its position in shares of Tyler Technologies by 0.3% in the second quarter. Alps Advisors Inc. now owns 3,084 shares of the technology company’s stock valued at $542,000 after buying an additional 8 shares in the last quarter. Cue Financial Group Inc. increased its position in shares of Tyler Technologies by 0.6% in the second quarter. Cue Financial Group Inc. now owns 2,690 shares of the technology company’s stock valued at $473,000 after buying an additional 15 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Tyler Technologies by 0.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,925 shares of the technology company’s stock valued at $865,000 after buying an additional 30 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of Tyler Technologies by 1.7% in the second quarter. Teacher Retirement System of Texas now owns 2,789 shares of the technology company’s stock valued at $490,000 after buying an additional 47 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of Tyler Technologies by 0.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 32,544 shares of the technology company’s stock valued at $5,030,000 after buying an additional 84 shares in the last quarter. Institutional investors and hedge funds own 90.45% of the company’s stock.

About Tyler Technologies

Tyler Technologies, Inc is a provider of information management solutions and services for the public sector, with a focus on local governments. The Company operates through two segments: Enterprise Software (ES) segment and The Appraisal and Tax (A&T) segment. ES segment provides municipal and county governments and schools with software systems and services for information technology and automation needs that includes back-office functions, such as financial management, courts and justice processes, public safety, planning regulatory and maintenance, and land and vital records management.

Earnings History and Estimates for Tyler Technologies (NYSE:TYL)

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