William Blair Weighs in on Tyler Technologies, Inc.’s Q2 2024 Earnings (NYSE:TYL)

Tyler Technologies, Inc. (NYSE:TYL) – William Blair upped their Q2 2024 earnings per share (EPS) estimates for shares of Tyler Technologies in a research note issued on Thursday, April 25th. William Blair analyst J. Ho now anticipates that the technology company will earn $1.77 per share for the quarter, up from their prior estimate of $1.74. The consensus estimate for Tyler Technologies’ current full-year earnings is $7.01 per share. William Blair also issued estimates for Tyler Technologies’ Q4 2024 earnings at $1.71 EPS.

Several other equities analysts have also issued reports on TYL. Oppenheimer upped their target price on Tyler Technologies from $480.00 to $500.00 and gave the company an “outperform” rating in a report on Friday. JMP Securities restated a “market outperform” rating and issued a $490.00 price objective on shares of Tyler Technologies in a research note on Friday. Needham & Company LLC reaffirmed a “buy” rating and set a $500.00 target price on shares of Tyler Technologies in a research report on Thursday. JPMorgan Chase & Co. boosted their price target on shares of Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Finally, Piper Sandler restated an “overweight” rating and set a $520.00 price objective on shares of Tyler Technologies in a report on Wednesday, April 24th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $480.60.

Tyler Technologies Trading Up 0.6 %

NYSE:TYL opened at $460.74 on Monday. Tyler Technologies has a 52 week low of $361.16 and a 52 week high of $465.78. The firm has a 50-day moving average price of $423.02 and a two-hundred day moving average price of $415.62. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 0.94. The firm has a market cap of $19.56 billion, a price-to-earnings ratio of 104.24, a price-to-earnings-growth ratio of 4.53 and a beta of 0.81.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, February 14th. The technology company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.33 by $0.06. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. The company had revenue of $480.94 million during the quarter, compared to the consensus estimate of $483.34 million.

Insider Buying and Selling

In other news, Director Glenn A. Carter sold 1,650 shares of Tyler Technologies stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $437.84, for a total value of $722,436.00. Following the completion of the transaction, the director now owns 2,011 shares in the company, valued at $880,496.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $435.98, for a total value 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Glenn A. Carter sold 1,650 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $437.84, for a total value of $722,436.00. Following the sale, the director now owns 2,011 shares in the company, valued at $880,496.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,608 shares of company stock valued at $21,974,819. 2.20% of the stock is owned by insiders.

Institutional Trading of Tyler Technologies

Several institutional investors and hedge funds have recently bought and sold shares of TYL. Tokio Marine Asset Management Co. Ltd. increased its position in shares of Tyler Technologies by 7.6% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,205 shares of the technology company’s stock worth $465,000 after purchasing an additional 85 shares during the last quarter. Raymond James Trust N.A. raised its position in shares of Tyler Technologies by 4.9% during the 4th quarter. Raymond James Trust N.A. now owns 1,515 shares of the technology company’s stock valued at $633,000 after buying an additional 71 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Tyler Technologies by 4.6% during the 4th quarter. Nordea Investment Management AB now owns 2,600 shares of the technology company’s stock valued at $1,091,000 after buying an additional 115 shares in the last quarter. DNB Asset Management AS bought a new stake in shares of Tyler Technologies during the 4th quarter worth $5,040,000. Finally, NBW Capital LLC grew its position in Tyler Technologies by 50.7% in the fourth quarter. NBW Capital LLC now owns 13,345 shares of the technology company’s stock worth $5,580,000 after acquiring an additional 4,489 shares in the last quarter. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

About Tyler Technologies

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.