Tyler Technologies (TYL) Issues FY18 Earnings Guidance

Tyler Technologies (NYSE:TYL) updated its FY18 earnings guidance on Wednesday. The company provided EPS guidance of $4.76-4.84 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.81. The company issued revenue guidance of $940-950 million, compared to the consensus revenue estimate of $944.22 million.

A number of research analysts recently commented on the company. Zacks Investment Research raised Tyler Technologies from a hold rating to a buy rating and set a $267.00 price target on the stock in a report on Tuesday, July 24th. Robert W. Baird reaffirmed a buy rating and set a $260.00 price objective (up from $240.00) on shares of Tyler Technologies in a report on Friday, July 27th. Finally, B. Riley upped their price objective on Tyler Technologies from $200.00 to $206.00 and gave the stock a neutral rating in a report on Monday, July 30th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Tyler Technologies presently has a consensus rating of Buy and an average price target of $233.20.

Shares of TYL traded up $3.45 during mid-day trading on Wednesday, hitting $211.66. 257,500 shares of the stock were exchanged, compared to its average volume of 199,434. The stock has a market capitalization of $7.97 billion, a price-to-earnings ratio of 66.56, a price-to-earnings-growth ratio of 5.42 and a beta of 0.82. Tyler Technologies has a 52-week low of $168.12 and a 52-week high of $252.47.

In other news, Director Glenn A. Carter sold 1,225 shares of the company’s stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $242.40, for a total transaction of $296,940.00. Following the sale, the director now directly owns 1,725 shares of the company’s stock, valued at approximately $418,140. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brenda A. Cline sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $250.39, for a total value of $1,001,560.00. Following the sale, the director now directly owns 5,000 shares in the company, valued at $1,251,950. The disclosure for this sale can be found here. Insiders have sold a total of 133,397 shares of company stock worth $32,234,944 over the last ninety days. Insiders own 4.70% of the company’s stock.

About Tyler Technologies

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector in the United States and internationally. It operates through two segments, Enterprise Software, and Appraisal and Tax. The company's financial management solutions include modular fund accounting systems for government agencies or not-for-profit entities; and utility billing systems for the billing and collection of metered and non-metered services.

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Earnings History and Estimates for Tyler Technologies (NYSE:TYL)

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