Wall Street brokerages expect that Tyler Technologies, Inc. (NYSE:TYL) will post sales of $218.98 million for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Tyler Technologies’ earnings, with the highest sales estimate coming in at $221.12 million and the lowest estimate coming in at $216.56 million. Tyler Technologies reported sales of $199.54 million during the same quarter last year, which indicates a positive year over year growth rate of 9.7%. The business is expected to issue its next quarterly earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that Tyler Technologies will report full year sales of $218.98 million for the current year, with estimates ranging from $921.51 million to $927.19 million. For the next fiscal year, analysts anticipate that the business will report sales of $1.01 billion per share, with estimates ranging from $1.01 billion to $1.02 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Tyler Technologies.
Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, February 21st. The technology company reported $1.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.03. The firm had revenue of $217.85 million for the quarter, compared to the consensus estimate of $220.56 million. Tyler Technologies had a net margin of 19.50% and a return on equity of 12.49%. The company’s revenue was up 12.7% on a year-over-year basis. During the same period last year, the firm earned $0.90 EPS.
In other Tyler Technologies news, Director Dustin R. Womble sold 20,000 shares of Tyler Technologies stock in a transaction on Friday, March 9th. The shares were sold at an average price of $211.12, for a total value of $4,222,400.00. Following the sale, the director now directly owns 1,500 shares in the company, valued at approximately $316,680. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Brian K. Miller sold 12,000 shares of Tyler Technologies stock in a transaction on Friday, December 15th. The shares were sold at an average price of $179.75, for a total transaction of $2,157,000.00. Following the completion of the sale, the chief financial officer now owns 56,694 shares in the company, valued at $10,190,746.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 219,411 shares of company stock worth $42,782,608. 10.30% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Nationwide Fund Advisors increased its holdings in shares of Tyler Technologies by 1.0% in the 3rd quarter. Nationwide Fund Advisors now owns 370,470 shares of the technology company’s stock worth $64,580,000 after buying an additional 3,589 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Tyler Technologies by 836.3% in the 3rd quarter. First Trust Advisors LP now owns 41,384 shares of the technology company’s stock worth $7,214,000 after buying an additional 36,964 shares during the last quarter. Aperio Group LLC increased its holdings in shares of Tyler Technologies by 13.5% in the 3rd quarter. Aperio Group LLC now owns 9,982 shares of the technology company’s stock worth $1,740,000 after buying an additional 1,187 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Tyler Technologies in the 3rd quarter worth about $675,000. Finally, Victory Capital Management Inc. increased its holdings in shares of Tyler Technologies by 788.4% in the 3rd quarter. Victory Capital Management Inc. now owns 90,872 shares of the technology company’s stock worth $15,841,000 after buying an additional 80,643 shares during the last quarter. Institutional investors own 94.47% of the company’s stock.
Shares of Tyler Technologies (TYL) traded up $0.88 during mid-day trading on Friday, hitting $209.48. 266,805 shares of the stock traded hands, compared to its average volume of 254,863. The company has a market cap of $7,870.00, a P/E ratio of 57.71 and a beta of 0.97. Tyler Technologies has a 12-month low of $152.00 and a 12-month high of $213.38.
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Tyler Technologies Company Profile
Tyler Technologies, Inc is a provider of information management solutions and services for the public sector, with a focus on local governments. The Company operates through two segments: Enterprise Software (ES) segment and The Appraisal and Tax (A&T) segment. ES segment provides municipal and county governments and schools with software systems and services for information technology and automation needs that includes back-office functions, such as financial management, courts and justice processes, public safety, planning regulatory and maintenance, and land and vital records management.
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