Tyler Technologies (NYSE:TYL – Get Rating) will be announcing its earnings results after the market closes on Wednesday, April 27th. Analysts expect the company to announce earnings of $1.31 per share for the quarter. Tyler Technologies has set its FY 2022 guidance at $7.410-$7.580 EPS and its FY22 guidance at $7.41-7.58 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.
Tyler Technologies (NYSE:TYL – Get Rating) last released its quarterly earnings data on Wednesday, February 16th. The technology company reported $1.26 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.26. Tyler Technologies had a net margin of 10.14% and a return on equity of 10.30%. The business had revenue of $433.54 million during the quarter, compared to analysts’ expectations of $433.74 million. During the same quarter in the prior year, the company earned $1.14 EPS. The firm’s quarterly revenue was up 53.0% on a year-over-year basis. On average, analysts expect Tyler Technologies to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.
TYL opened at $410.79 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.56. Tyler Technologies has a 12 month low of $384.38 and a 12 month high of $557.55. The company has a fifty day simple moving average of $427.37 and a 200 day simple moving average of $478.26. The stock has a market cap of $17.02 billion, a P/E ratio of 107.54 and a beta of 0.78.
In other news, Director Daniel M. Pope sold 696 shares of the company’s stock in a transaction dated Tuesday, March 15th. The shares were sold at an average price of $402.06, for a total value of $279,833.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.70% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Allianz Asset Management GmbH raised its holdings in Tyler Technologies by 18.3% in the 4th quarter. Allianz Asset Management GmbH now owns 136,683 shares of the technology company’s stock valued at $73,529,000 after acquiring an additional 21,185 shares during the period. Parametric Portfolio Associates LLC raised its holdings in Tyler Technologies by 5.1% in the 4th quarter. Parametric Portfolio Associates LLC now owns 106,187 shares of the technology company’s stock valued at $57,123,000 after acquiring an additional 5,105 shares during the period. Barclays PLC raised its holdings in Tyler Technologies by 8.6% in the 4th quarter. Barclays PLC now owns 88,132 shares of the technology company’s stock valued at $47,410,000 after acquiring an additional 7,007 shares during the period. California State Teachers Retirement System raised its holdings in Tyler Technologies by 1.3% in the 4th quarter. California State Teachers Retirement System now owns 71,476 shares of the technology company’s stock valued at $38,451,000 after acquiring an additional 907 shares during the period. Finally, Stifel Financial Corp raised its holdings in Tyler Technologies by 4.8% in the 4th quarter. Stifel Financial Corp now owns 27,578 shares of the technology company’s stock valued at $14,836,000 after acquiring an additional 1,274 shares during the period. 90.80% of the stock is currently owned by institutional investors.
Tyler Technologies Company Profile (Get Rating)
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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