Tyler Technologies (NYSE:TYL) issued its quarterly earnings results on Wednesday. The technology company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.18, MarketWatch Earnings reports. The business had revenue of $271.09 million during the quarter, compared to analyst estimates of $279.40 million. Tyler Technologies had a net margin of 14.94% and a return on equity of 10.69%. The business’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.30 earnings per share. Tyler Technologies updated its FY 2020
After-Hours guidance to 5.30-5.50 EPS and its FY20 guidance to $5.30-5.50 EPS.

Shares of TYL traded up $0.75 during midday trading on Thursday, hitting $351.52. 6,082 shares of the stock traded hands, compared to its average volume of 243,000. Tyler Technologies has a 1-year low of $230.62 and a 1-year high of $382.92. The firm has a market capitalization of $13.58 billion, a PE ratio of 83.62, a price-to-earnings-growth ratio of 5.65 and a beta of 0.77. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.60 and a current ratio of 1.60. The business’s 50 day moving average price is $349.88 and its two-hundred day moving average price is $327.98.

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 30,000 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $312.15, for a total value of $9,364,500.00. Following the sale, the chief executive officer now directly owns 98,085 shares in the company, valued at $30,617,232.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Brenda A. Cline sold 5,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $336.09, for a total transaction of $1,680,450.00. Following the completion of the sale, the director now owns 8,249 shares in the company, valued at $2,772,406.41. The disclosure for this sale can be found here. In the last three months, insiders have sold 107,311 shares of company stock valued at $37,929,019. Corporate insiders own 3.60% of the company’s stock.

TYL has been the subject of a number of research analyst reports. Oppenheimer lowered shares of Tyler Technologies from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Needham & Company LLC restated a “buy” rating on shares of Tyler Technologies in a research note on Thursday, April 30th. Piper Sandler restated an “overweight” rating and issued a $423.00 price target on shares of Tyler Technologies in a research note on Monday, July 20th. BTIG Research began coverage on shares of Tyler Technologies in a research note on Thursday, April 16th. They issued a “neutral” rating for the company. Finally, Zacks Investment Research lowered shares of Tyler Technologies from a “hold” rating to a “sell” rating in a research note on Friday, May 29th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $330.09.

About Tyler Technologies

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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Earnings History for Tyler Technologies (NYSE:TYL)

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