Tyler Technologies (TYL) to Release Quarterly Earnings on Wednesday

Tyler Technologies (NYSE:TYL) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect Tyler Technologies to post earnings of $2.03 per share for the quarter. Tyler Technologies has set its FY24 guidance at $8.90 to $9.10 EPS and its FY 2024 guidance at 8.900-9.100 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The firm had revenue of $480.94 million during the quarter, compared to analyst estimates of $483.34 million. Tyler Technologies had a net margin of 8.50% and a return on equity of 8.85%. On average, analysts expect Tyler Technologies to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Tyler Technologies Trading Down 0.4 %

Shares of TYL opened at $399.26 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 0.86. Tyler Technologies has a fifty-two week low of $361.16 and a fifty-two week high of $454.74. The firm has a 50 day moving average price of $425.50 and a 200-day moving average price of $413.64. The firm has a market cap of $16.94 billion, a price-to-earnings ratio of 102.64, a PEG ratio of 4.07 and a beta of 0.81.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TYL. Needham & Company LLC lifted their target price on shares of Tyler Technologies from $475.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. DA Davidson lifted their target price on shares of Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a research note on Thursday, February 22nd. JPMorgan Chase & Co. lifted their target price on shares of Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. JMP Securities reissued a “market outperform” rating and set a $490.00 price objective on shares of Tyler Technologies in a research report on Friday, February 16th. Finally, Piper Sandler boosted their price objective on shares of Tyler Technologies from $480.00 to $520.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $457.86.

Insider Transactions at Tyler Technologies

In other news, insider John S. Marr, Jr. sold 6,500 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $427.82, for a total value of $2,780,830.00. Following the sale, the insider now directly owns 6,400 shares of the company’s stock, valued at approximately $2,738,048. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider John S. Marr, Jr. sold 6,500 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $427.82, for a total value of $2,780,830.00. Following the transaction, the insider now owns 6,400 shares in the company, valued at approximately $2,738,048. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO H Lynn Moore, Jr. sold 10,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $435.98, for a total transaction of $4,359,800.00. Following the completion of the transaction, the chief executive officer now owns 75,000 shares in the company, valued at approximately $32,698,500. The disclosure for this sale can be found here. Insiders have sold 50,608 shares of company stock valued at $21,974,819 in the last three months. 1.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Tyler Technologies

A number of hedge funds have recently bought and sold shares of the company. Sunbelt Securities Inc. boosted its stake in Tyler Technologies by 2.6% in the 2nd quarter. Sunbelt Securities Inc. now owns 1,167 shares of the technology company’s stock worth $486,000 after purchasing an additional 30 shares in the last quarter. Kestra Advisory Services LLC boosted its stake in Tyler Technologies by 5.8% in the 2nd quarter. Kestra Advisory Services LLC now owns 616 shares of the technology company’s stock worth $257,000 after purchasing an additional 34 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in Tyler Technologies by 4.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 727 shares of the technology company’s stock valued at $303,000 after acquiring an additional 34 shares during the period. Toroso Investments LLC lifted its stake in Tyler Technologies by 4.3% during the 3rd quarter. Toroso Investments LLC now owns 875 shares of the technology company’s stock valued at $304,000 after acquiring an additional 36 shares during the period. Finally, Kensington Investment Counsel LLC lifted its stake in Tyler Technologies by 1.7% during the 4th quarter. Kensington Investment Counsel LLC now owns 2,152 shares of the technology company’s stock valued at $900,000 after acquiring an additional 36 shares during the period. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Company Profile

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. It operates in two segments, Enterprise Software and Platform Technologies. The company offers platform and transformative technology solutions, including cybersecurity for government agencies; data and insights solutions; digital solutions that helps workers and policymakers to share, communicate, and leverage data; payments solutions, such as billing, presentment, merchant onboarding, collections, reconciliation, and disbursements; platform technologies, an application development platform that enables government workers to build solutions and applications; and outdoor recreation solutions, including campsite reservations, activity registrations, licensing sales and renewals, and real-time data for conservation and park management.