Tyler Technologies, Inc. (NYSE:TYL) Expected to Post Quarterly Sales of $435.29 Million

Analysts expect Tyler Technologies, Inc. (NYSE:TYL – Get Rating) to post $435.29 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Tyler Technologies’ earnings. The lowest sales estimate is $422.30 million and the highest is $448.73 million. Tyler Technologies posted sales of $294.80 million in the same quarter last year, which suggests a positive year-over-year growth rate of 47.7%. The firm is expected to report its next quarterly earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Tyler Technologies will report full-year sales of $1.83 billion for the current financial year, with estimates ranging from $1.81 billion to $1.85 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.98 billion, with estimates ranging from $1.88 billion to $2.06 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Tyler Technologies.

Tyler Technologies (NYSE:TYL – Get Rating) last issued its earnings results on Wednesday, February 16th. The technology company reported $1.26 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.26. The business had revenue of $433.54 million for the quarter, compared to analysts’ expectations of $433.74 million. Tyler Technologies had a return on equity of 10.30% and a net margin of 10.14%. The company’s quarterly revenue was up 53.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.14 EPS.

TYL has been the topic of a number of research analyst reports. Piper Sandler lowered their price target on Tyler Technologies from $600.00 to $540.00 and set an “overweight” rating on the stock in a report on Friday, February 18th. Barclays initiated coverage on Tyler Technologies in a report on Monday, March 14th. They set an “equal weight” rating and a $445.00 price target on the stock. Truist Financial initiated coverage on Tyler Technologies in a report on Wednesday, February 9th. They set a “buy” rating and a $550.00 price target on the stock. Finally, StockNews.com initiated coverage on Tyler Technologies in a report on Thursday, March 31st. They set a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $538.46.

In related news, Director Daniel M. Pope sold 696 shares of Tyler Technologies stock in a transaction on Tuesday, March 15th. The stock was sold at an average price of $402.06, for a total transaction of $279,833.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.70% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in the business. O Shaughnessy Asset Management LLC lifted its position in shares of Tyler Technologies by 34.5% in the third quarter. O Shaughnessy Asset Management LLC now owns 74 shares of the technology company’s stock worth $34,000 after buying an additional 19 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its position in shares of Tyler Technologies by 0.6% in the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 3,325 shares of the technology company’s stock worth $1,525,000 after buying an additional 20 shares during the last quarter. Red Spruce Capital LLC lifted its position in shares of Tyler Technologies by 1.6% in the fourth quarter. Red Spruce Capital LLC now owns 1,299 shares of the technology company’s stock worth $699,000 after buying an additional 21 shares during the last quarter. Navellier & Associates Inc. lifted its position in shares of Tyler Technologies by 0.4% in the third quarter. Navellier & Associates Inc. now owns 5,654 shares of the technology company’s stock worth $2,593,000 after buying an additional 22 shares during the last quarter. Finally, Spire Wealth Management lifted its position in shares of Tyler Technologies by 10.0% in the fourth quarter. Spire Wealth Management now owns 242 shares of the technology company’s stock worth $130,000 after buying an additional 22 shares during the last quarter. 90.80% of the stock is owned by institutional investors.

Shares of NYSE TYL opened at $418.34 on Thursday. Tyler Technologies has a 52-week low of $384.38 and a 52-week high of $557.55. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $17.33 billion, a price-to-earnings ratio of 109.51 and a beta of 0.78. The stock’s fifty day simple moving average is $433.99 and its 200 day simple moving average is $480.10.

Tyler Technologies Company Profile (Get Rating)

Tyler Technologies, Inc engages in the provision of integrated technology and management solutions and services for public sector with a focus on local governments. It operates through the following segments: Enterprise Software and Appraisal and Tax. The Enterprise Software segment provides municipal and county governments and schools with software systems to meet their information technology and automation needs for mission-critical back-office functions such as financial management, courts and justice processes.

Featured Stories