Tyler Technologies, Inc. (TYL) Expected to Post Quarterly Sales of $220.87 Million

Equities analysts expect Tyler Technologies, Inc. (NYSE:TYL) to report sales of $220.87 million for the current quarter, according to Zacks. Four analysts have issued estimates for Tyler Technologies’ earnings, with the highest sales estimate coming in at $221.52 million and the lowest estimate coming in at $219.91 million. Tyler Technologies posted sales of $193.28 million in the same quarter last year, which indicates a positive year over year growth rate of 14.3%. The company is scheduled to announce its next earnings report on Wednesday, February 14th.

According to Zacks, analysts expect that Tyler Technologies will report full-year sales of $220.87 million for the current fiscal year, with estimates ranging from $843.59 million to $845.21 million. For the next fiscal year, analysts anticipate that the firm will report sales of $934.61 million per share, with estimates ranging from $927.19 million to $944.67 million. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Tyler Technologies.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, October 25th. The technology company reported $1.05 EPS for the quarter, topping the consensus estimate of $1.02 by $0.03. The company had revenue of $214.15 million for the quarter, compared to the consensus estimate of $216.80 million. Tyler Technologies had a return on equity of 12.81% and a net margin of 16.34%. Tyler Technologies’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the business posted $0.94 EPS.

TYL has been the topic of several research reports. Needham & Company LLC restated a “buy” rating on shares of Tyler Technologies in a report on Tuesday, October 24th. KeyCorp restated a “buy” rating and set a $180.00 price objective on shares of Tyler Technologies in a report on Friday, October 6th. Citigroup initiated coverage on Tyler Technologies in a report on Friday, September 22nd. They set a “buy” rating and a $200.00 price objective on the stock. Northland Securities reiterated a “buy” rating and issued a $200.00 price target on shares of Tyler Technologies in a report on Thursday, September 21st. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $200.00 price target on shares of Tyler Technologies in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $195.50.

Tyler Technologies (TYL) opened at $191.28 on Thursday. The company has a market capitalization of $7,124.05, a price-to-earnings ratio of 56.09 and a beta of 0.98. Tyler Technologies has a fifty-two week low of $143.38 and a fifty-two week high of $192.39.

In other news, Director Luther King, Jr. sold 30,000 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $175.61, for a total value of $5,268,300.00. Following the completion of the sale, the director now owns 72,864 shares of the company’s stock, valued at approximately $12,795,647.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Luther King, Jr. sold 1,500 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $176.95, for a total value of $265,425.00. Following the completion of the sale, the director now directly owns 72,864 shares of the company’s stock, valued at approximately $12,893,284.80. The disclosure for this sale can be found here. Insiders sold a total of 352,207 shares of company stock worth $63,349,769 over the last quarter. Company insiders own 10.30% of the company’s stock.

Several institutional investors have recently bought and sold shares of TYL. Schwab Charles Investment Management Inc. boosted its position in shares of Tyler Technologies by 4.8% in the 2nd 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. First Trust Advisors LP acquired a new stake in shares of Tyler Technologies in the 2nd quarter worth $776,000. Prudential Financial Inc. boosted its position in shares of Tyler Technologies by 1.1% in the 2nd quarter. Prudential Financial Inc. now owns 23,459 shares of the technology company’s stock worth $4,121,000 after purchasing an additional 266 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Tyler Technologies by 7.4% in the 2nd quarter. Wells Fargo & Company MN now owns 41,278 shares of the technology company’s stock worth $7,252,000 after purchasing an additional 2,833 shares in the last quarter. Finally, Riverhead Capital Management LLC boosted its position in shares of Tyler Technologies by 60.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,930 shares of the technology company’s stock worth $339,000 after purchasing an additional 730 shares in the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “Tyler Technologies, Inc. (TYL) Expected to Post Quarterly Sales of $220.87 Million” was originally reported by BBNS and is the property of of BBNS. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright laws. The original version of this piece can be viewed at https://baseballnewssource.com/markets/tyler-technologies-inc-tyl-expected-to-post-quarterly-sales-of-220-87-million/1844140.html.

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.

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 our FREE daily email newsletter.

 


Latest News

Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets
Trade Rumor: Manny Machado Could Land With Yankees
Trade Rumor: Manny Machado Could Land With Yankees


Leave a Reply

 
© 2006-2018 BBNS.