Tyler Technologies (NYSE:TYL) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $6.650-6.770 for the period, compared to the Thomson Reuters consensus estimate of $6.530. The company issued revenue guidance of $1.51 billion-1.54 billion, compared to the consensus revenue estimate of $1.50 billion.
NYSE TYL opened at $430.98 on Thursday. The stock’s 50-day simple moving average is $419.20. Tyler Technologies has a twelve month low of $319.58 and a twelve month high of $479.79. The stock has a market capitalization of $17.56 billion, a P/E ratio of 97.73 and a beta of 0.57. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.24 and a quick ratio of 3.24.
Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, April 28th. The technology company reported $1.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.48. The firm had revenue of $294.80 million for the quarter, compared to the consensus estimate of $289.70 million. Tyler Technologies had a return on equity of 9.51% and a net margin of 16.23%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.25 earnings per share. Sell-side analysts predict that Tyler Technologies will post 4.89 EPS for the current fiscal year.
TYL has been the topic of several analyst reports. Northcoast Research upgraded Tyler Technologies from a neutral rating to a buy rating and set a $500.00 target price on the stock in a report on Wednesday, March 17th. Needham & Company LLC reiterated a buy rating and set a $480.00 target price on shares of Tyler Technologies in a report on Tuesday, June 8th. Piper Sandler raised their target price on Tyler Technologies from $505.00 to $525.00 and gave the company an overweight rating in a report on Tuesday, June 8th. Zacks Investment Research upgraded Tyler Technologies from a sell rating to a strong-buy rating and set a $479.00 target price on the stock in a report on Thursday, June 10th. Finally, BTIG Research reiterated a hold rating on shares of Tyler Technologies in a report on Tuesday, June 8th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Buy and an average price target of $448.22.
In related news, CFO Brian K. Miller sold 3,500 shares of Tyler Technologies stock in a transaction on Tuesday, June 15th. The stock was sold at an average price of $430.62, for a total value of $1,507,170.00. Following the transaction, the chief financial officer now directly owns 29,893 shares in the company, valued at approximately $12,872,523.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman John S. Marr, Jr. sold 10,000 shares of Tyler Technologies stock in a transaction on Tuesday, May 18th. The stock was sold at an average price of $397.09, for a total value of $3,970,900.00. Following the completion of the transaction, the chairman now owns 84,453 shares in the company, valued at $33,535,441.77. The disclosure for this sale can be found here. In the last three months, insiders sold 47,527 shares of company stock worth $19,564,271. Company insiders own 2.70% 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. The company operates in two segments, Enterprise Software, and Appraisal and Tax. 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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