Tyler Technologies (TYL) Scheduled to Post Earnings on Wednesday

Tyler Technologies (NYSE:TYL) will be releasing its earnings data 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.Parties that are interested in registering for the company’s conference call can do so using this link.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Tyler Technologies had a return on equity of 8.85% and a net margin of 8.50%. The firm had revenue of $480.94 million during the quarter, compared to analyst estimates of $483.34 million. 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 Stock Up 2.0 %

Shares of NYSE TYL opened at $411.41 on Tuesday. The company has a market cap of $17.46 billion, a price-to-earnings ratio of 105.76, a PEG ratio of 3.97 and a beta of 0.81. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.20. The firm’s fifty day moving average is $422.97 and its 200 day moving average is $414.28. Tyler Technologies has a 52 week low of $361.16 and a 52 week high of $454.74.

Analyst Upgrades and Downgrades

TYL has been the subject of a number of analyst reports. Needham & Company LLC increased their target price on shares of Tyler Technologies from $475.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. DA Davidson lifted their price objective on Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a research report on Thursday, February 22nd. JMP Securities restated a “market outperform” rating and set a $490.00 target price on shares of Tyler Technologies in a report on Friday, February 16th. Piper Sandler lifted their price target on shares of Tyler Technologies from $480.00 to $520.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Finally, JPMorgan Chase & Co. upped their price objective 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. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $460.46.

Insider Transactions at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 6,500 shares of Tyler Technologies stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $427.82, for a total transaction of $2,780,830.00. Following the completion of the transaction, the insider now directly owns 6,400 shares of the company’s stock, valued at approximately $2,738,048. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO H Lynn Moore, Jr. sold 10,000 shares of the stock in a transaction on 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 sale, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at $32,698,500. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John S. Marr, Jr. sold 6,500 shares of Tyler Technologies stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $427.82, for a total value of $2,780,830.00. Following the completion of the transaction, the insider now directly owns 6,400 shares of the company’s stock, valued at approximately $2,738,048. 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. 2.20% of the stock is currently owned by company insiders.

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.