Wall Street brokerages expect that Tyler Technologies, Inc. (NYSE:TYL) will report $1.04 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Tyler Technologies’ earnings, with estimates ranging from $1.03 to $1.06. Tyler Technologies posted earnings of $0.90 per share in the same quarter last year, which would indicate a positive year over year growth rate of 15.6%. The business is scheduled to announce its next earnings results on Wednesday, February 14th.
According to Zacks, 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 financial year, analysts expect that the firm will post 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 a mean average based on a survey of sell-side research firms that follow Tyler Technologies.
Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, October 25th. The technology company reported $1.05 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $216.80 million. During the same quarter in the previous year, the company posted $0.94 earnings per share. Tyler Technologies’s revenue for the quarter was up 10.1% on a year-over-year basis.
In related news, CEO John S. Marr, Jr. sold 10,000 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $173.35, for a total value of $1,733,500.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Luther King, Jr. sold 1,500 shares of the business’s stock in a transaction dated 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 owns 72,864 shares in the company, valued at $12,893,284.80. The disclosure for this sale can be found here. Insiders sold 352,207 shares of company stock worth $63,349,769 over the last 90 days. Company insiders own 10.30% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Zions Bancorporation purchased a new stake in shares of Tyler Technologies in the third quarter worth about $156,000. CIBC Asset Management Inc purchased a new stake in Tyler Technologies during the third quarter valued at approximately $218,000. D.A. Davidson & CO. raised its position in Tyler Technologies by 13.3% during the second quarter. D.A. Davidson & CO. now owns 1,391 shares of the technology company’s stock valued at $244,000 after purchasing an additional 163 shares during the period. Bell Bank purchased a new stake in Tyler Technologies during the third quarter valued at approximately $254,000. Finally, Gofen & Glossberg LLC IL purchased a new stake in Tyler Technologies during the second quarter valued at approximately $256,000. Institutional investors own 91.76% of the company’s stock.
Tyler Technologies (TYL) traded up $0.06 during trading hours on Tuesday, reaching $187.95. The company’s stock had a trading volume of 84,900 shares, compared to its average volume of 147,478. Tyler Technologies has a twelve month low of $143.38 and a twelve month high of $188.65. The company has a market capitalization of $7,060.93, a price-to-earnings ratio of 55.12 and a beta of 0.98.
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.
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