Brokerages Expect Tyler Technologies, Inc. (NYSE:TYL) to Post $1.35 EPS

Wall Street brokerages expect that Tyler Technologies, Inc. (NYSE:TYL) will report earnings per share (EPS) of $1.35 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Tyler Technologies’ earnings. The lowest EPS estimate is $1.33 and the highest is $1.38. Tyler Technologies reported earnings per share of $1.23 in the same quarter last year, which indicates a positive year over year growth rate of 9.8%. The company is expected to announce its next earnings results after the market closes on Wednesday, October 30th.

According to Zacks, analysts expect that Tyler Technologies will report full-year earnings of $5.29 per share for the current financial year, with EPS estimates ranging from $5.20 to $5.34. For the next fiscal year, analysts expect that the business will post earnings of $5.85 per share, with EPS estimates ranging from $5.64 to $6.00. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Tyler Technologies.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, July 31st. The technology company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.05. Tyler Technologies had a net margin of 12.96% and a return on equity of 11.44%. The business had revenue of $275.10 million for the quarter, compared to the consensus estimate of $274.88 million. During the same period in the previous year, the firm earned $1.18 EPS. The business’s revenue for the quarter was up 16.5% on a year-over-year basis.

A number of equities research analysts have recently issued reports on TYL shares. JMP Securities boosted their price target on shares of Tyler Technologies from $245.00 to $286.00 and gave the company a “market outperform” rating in a report on Friday, September 27th. Needham & Company LLC boosted their price target on shares of Tyler Technologies to $280.00 and gave the company a “buy” rating in a report on Friday, August 2nd. KeyCorp restated a “hold” rating on shares of Tyler Technologies in a report on Thursday, August 1st. ValuEngine lowered shares of Tyler Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Benchmark boosted their price target on shares of Tyler Technologies from $235.00 to $285.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $265.78.

Shares of TYL stock traded down $4.80 during trading hours on Friday, reaching $263.23. 153,947 shares of the stock traded hands, compared to its average volume of 250,899. Tyler Technologies has a 1-year low of $173.26 and a 1-year high of $271.87. The business has a fifty day moving average price of $259.82 and a 200 day moving average price of $234.00. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $10.34 billion, a PE ratio of 70.38 and a beta of 0.91.

In related news, Chairman John S. Marr, Jr. sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $258.03, for a total transaction of $5,160,600.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman John S. Marr, Jr. sold 18,592 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $254.14, for a total transaction of $4,724,970.88. The disclosure for this sale can be found here. Insiders have sold 127,704 shares of company stock worth $32,713,354 in the last 90 days. 4.40% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp bought a new stake in Tyler Technologies in the second quarter worth approximately $40,000. Cerebellum GP LLC grew its position in Tyler Technologies by 25.0% in the third quarter. Cerebellum GP LLC now owns 250 shares of the technology company’s stock worth $66,000 after acquiring an additional 50 shares in the last quarter. Tompkins Financial Corp grew its position in Tyler Technologies by 42.0% in the second quarter. Tompkins Financial Corp now owns 291 shares of the technology company’s stock worth $63,000 after acquiring an additional 86 shares in the last quarter. Advisory Services Network LLC grew its position in Tyler Technologies by 42.3% in the second quarter. Advisory Services Network LLC now owns 313 shares of the technology company’s stock worth $68,000 after acquiring an additional 93 shares in the last quarter. Finally, FTB Advisors Inc. grew its position in Tyler Technologies by 537.7% in the second quarter. FTB Advisors Inc. now owns 389 shares of the technology company’s stock worth $83,000 after acquiring an additional 328 shares in the last quarter. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Tyler Technologies Company Profile

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.

See Also: Death Cross

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.