Brokerages Anticipate Tyler Technologies, Inc. (TYL) to Announce $1.04 Earnings Per Share

Brokerages expect that Tyler Technologies, Inc. (NYSE:TYL) will announce $1.04 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have made estimates for Tyler Technologies’ earnings, with the lowest EPS estimate coming in at $1.03 and the highest estimate coming in at $1.06. Tyler Technologies posted earnings per share of $0.90 in the same quarter last year, which indicates a positive year over year growth rate of 15.6%. The firm is expected to report its next earnings results on Wednesday, February 14th.

On average, analysts expect that Tyler Technologies will report full year earnings of $3.90 per share for the current year, with EPS estimates ranging from $3.89 to $3.91. For the next fiscal year, analysts forecast that the firm will report earnings of $4.33 per share, with EPS estimates ranging from $4.19 to $4.45. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Tyler Technologies.

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

A number of research analysts have weighed in on the company. Northland Securities reissued a “buy” rating and issued a $200.00 target price on shares of Tyler Technologies in a report on Thursday, September 21st. BidaskClub raised Tyler Technologies from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. B. Riley reissued a “neutral” rating and issued a $184.00 target price on shares of Tyler Technologies in a report on Thursday, October 26th. Needham & Company LLC reissued a “buy” rating on shares of Tyler Technologies in a report on Tuesday, October 24th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $200.00 target price on shares of Tyler Technologies in a report on Friday, October 27th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $193.00.

In other Tyler Technologies news, CEO John S. Marr, Jr. sold 17,000 shares of the company’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $184.93, for a total value of $3,143,810.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Brian K. Miller sold 9,760 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $169.01, for a total value of $1,649,537.60. Following the completion of the sale, the vice president now owns 53,194 shares of the company’s stock, valued at approximately $8,990,317.94. The disclosure for this sale can be found here. In the last 90 days, insiders sold 257,138 shares of company stock valued at $46,033,202. Company insiders own 10.30% of the company’s stock.

Several large investors have recently added to or reduced their stakes in TYL. Great West Life Assurance Co. Can grew its position in shares of Tyler Technologies by 0.8% during the second quarter. Great West Life Assurance Co. Can now owns 20,255 shares of the technology company’s stock worth $3,557,000 after purchasing an additional 157 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Tyler Technologies by 4.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 98,579 shares of the technology company’s stock worth $17,318,000 after purchasing an additional 4,508 shares in the last quarter. Arizona State Retirement System grew its position in shares of Tyler Technologies by 2.2% during the second quarter. Arizona State Retirement System now owns 14,200 shares of the technology company’s stock worth $2,495,000 after purchasing an additional 300 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of Tyler Technologies during the second quarter worth about $776,000. Finally, Teacher Retirement System of Texas grew its position in shares of Tyler Technologies by 1.7% during the second quarter. Teacher Retirement System of Texas now owns 2,789 shares of the technology company’s stock worth $490,000 after purchasing an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 93.34% of the company’s stock.

Tyler Technologies (NYSE:TYL) traded down $1.39 during mid-day trading on Wednesday, reaching $181.50. The company’s stock had a trading volume of 219,400 shares, compared to its average volume of 193,618. Tyler Technologies has a 52 week low of $139.61 and a 52 week high of $188.21. The company has a market capitalization of $6,870.84, a P/E ratio of 56.10 and a beta of 0.97.

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Tyler Technologies Company Profile

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.

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

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