Zacks: Analysts Expect Tyler Technologies, Inc. (NYSE:TYL) to Announce $1.30 EPS

Analysts expect that Tyler Technologies, Inc. (NYSE:TYL) will announce earnings of $1.30 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Tyler Technologies’ earnings. The lowest EPS estimate is $1.28 and the highest is $1.31. Tyler Technologies reported earnings per share of $1.18 during the same quarter last year, which indicates a positive year over year growth rate of 10.2%. The company is expected to report its next quarterly earnings results after the market closes on Wednesday, July 31st.

According to Zacks, analysts expect that Tyler Technologies will report full-year earnings of $5.29 per share for the current year, with EPS estimates ranging from $5.20 to $5.34. For the next fiscal year, analysts anticipate that the company will post earnings of $5.92 per share, with EPS estimates ranging from $5.74 to $6.04. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Tyler Technologies.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.95 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.95. The business had revenue of $247.10 million for the quarter, compared to analyst estimates of $251.75 million. Tyler Technologies had a return on equity of 11.28% and a net margin of 14.23%. The business’s revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.13 EPS.

Several equities research analysts have weighed in on the company. KeyCorp reaffirmed a “hold” rating on shares of Tyler Technologies in a research report on Monday, March 25th. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Zacks Investment Research raised SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Friday, July 5th. Finally, Northcoast Research began coverage on Tyler Technologies in a research note on Thursday, March 28th. They set a “buy” rating and a $250.00 target price for the company. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $233.86.

In related news, Chairman John S. Marr, Jr. sold 30,000 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $220.17, for a total value of $6,605,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Glenn A. Carter sold 325 shares of the stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $221.46, for a total value of $71,974.50. The disclosure for this sale can be found here. Insiders sold a total of 59,636 shares of company stock valued at $13,101,345 in the last quarter. 4.40% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in Tyler Technologies by 2.4% in the 1st quarter. BlackRock Inc. now owns 3,805,249 shares of the technology company’s stock worth $777,794,000 after acquiring an additional 88,378 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Tyler Technologies by 0.8% during the 1st quarter. Janus Henderson Group PLC now owns 1,431,181 shares of the technology company’s stock worth $292,534,000 after purchasing an additional 11,450 shares in the last quarter. TimesSquare Capital Management LLC raised its stake in shares of Tyler Technologies by 262.4% during the 1st quarter. TimesSquare Capital Management LLC now owns 593,503 shares of the technology company’s stock worth $121,312,000 after purchasing an additional 429,720 shares in the last quarter. Wasatch Advisors Inc. raised its stake in shares of Tyler Technologies by 26.1% during the 1st quarter. Wasatch Advisors Inc. now owns 540,760 shares of the technology company’s stock worth $110,531,000 after purchasing an additional 111,766 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Tyler Technologies during the 4th quarter worth about $81,675,000. 88.22% of the stock is owned by hedge funds and other institutional investors.

NYSE TYL traded down $3.40 during trading hours on Friday, hitting $221.02. The company had a trading volume of 159,060 shares, compared to its average volume of 146,916. Tyler Technologies has a fifty-two week low of $173.26 and a fifty-two week high of $252.47. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.08. The business has a fifty day moving average of $220.01. The company has a market cap of $8.47 billion, a price-to-earnings ratio of 59.10 and a beta of 0.92.

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.

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