Tyler Technologies (TYL) to Release Earnings on Wednesday – MarketBeat

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Tyler Technologies (NYSE:TYL – Get Rating) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, October 26th. Analysts expect Tyler Technologies to post earnings of $1.87 per share for the quarter. Tyler Technologies has set its FY22 guidance at $7.36-7.52 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.
Tyler Technologies (NYSE:TYL – Get Rating) last released its quarterly earnings data on Wednesday, July 27th. The technology company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.07. The firm had revenue of $468.70 million for the quarter, compared to analyst estimates of $458.50 million. Tyler Technologies had a net margin of 9.84% and a return on equity of 10.26%. Tyler Technologies’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.42 earnings per share. On average, analysts expect Tyler Technologies to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Tyler Technologies Price Performance

TYL opened at $339.39 on Wednesday. The firm has a market cap of $14.11 billion, a price-to-earnings ratio of 80.55 and a beta of 0.90. Tyler Technologies has a fifty-two week low of $300.85 and a fifty-two week high of $557.55. The company’s 50-day moving average price is $368.33 and its 200 day moving average price is $366.61. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.50.

Insiders Place Their Bets

In other Tyler Technologies news, COO Jeffrey David Puckett sold 3,906 shares of Tyler Technologies stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $390.15, for a total value of $1,523,925.90. Following the transaction, the chief operating officer now owns 3,569 shares in the company, valued at $1,392,445.35. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Quantbot Technologies LP acquired a new position in Tyler Technologies in the 2nd quarter worth approximately $79,000. Horizon Investments LLC boosted its stake in Tyler Technologies by 38.6% in the 1st quarter. Horizon Investments LLC now owns 549 shares of the technology company’s stock worth $244,000 after purchasing an additional 153 shares during the period. Advisors Asset Management Inc. boosted its stake in Tyler Technologies by 63.8% in the 1st quarter. Advisors Asset Management Inc. now owns 580 shares of the technology company’s stock worth $258,000 after purchasing an additional 226 shares during the period. Walleye Capital LLC acquired a new position in Tyler Technologies in the 1st quarter worth approximately $293,000. Finally, Ethic Inc. boosted its stake in Tyler Technologies by 98.9% in the 1st quarter. Ethic Inc. now owns 933 shares of the technology company’s stock worth $415,000 after purchasing an additional 464 shares during the period. Institutional investors and hedge funds own 89.42% of the company’s stock.

Analysts Set New Price Targets

TYL has been the topic of several research reports. Wolfe Research increased their price objective on shares of Tyler Technologies from $400.00 to $460.00 and gave the stock an “outperform” rating in a research note on Monday, August 1st. StockNews.com assumed coverage on shares of Tyler Technologies in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Truist Financial decreased their target price on shares of Tyler Technologies from $550.00 to $500.00 and set a “buy” rating for the company in a research report on Tuesday, July 5th. Robert W. Baird decreased their target price on shares of Tyler Technologies from $600.00 to $500.00 in a research report on Friday, July 29th. Finally, Barclays decreased their target price on shares of Tyler Technologies from $410.00 to $400.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 11th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $469.64.

About Tyler Technologies

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Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. The company operates in three segments: Enterprise Software; Appraisal and Tax; and NIC. 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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