Tyler Technologies (TYL) Scheduled to Post Earnings on Wednesday

Tyler Technologies (NYSE:TYL) is scheduled to be releasing its earnings data after the market closes on Wednesday, July 24th. Analysts expect Tyler Technologies to post earnings of $2.34 per share for the quarter. Tyler Technologies has set its FY24 guidance at $9.10-9.30 EPS and its FY 2024 guidance at 9.100-9.300 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, April 24th. The technology company reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.26. The company had revenue of $512.36 million during the quarter, compared to analyst estimates of $507.79 million. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. 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 Performance

Shares of TYL stock opened at $529.09 on Tuesday. The company has a market capitalization of $22.47 billion, a price-to-earnings ratio of 119.70, a P/E/G ratio of 4.92 and a beta of 0.76. Tyler Technologies has a 1-year low of $361.16 and a 1-year high of $533.81. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.20. The stock’s fifty day simple moving average is $494.43 and its 200-day simple moving average is $453.47.

Insider Buying and Selling at Tyler Technologies

In related news, Director Brenda A. Cline sold 5,000 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $458.83, for a total transaction of $2,294,150.00. Following the completion of the sale, the director now directly owns 1,358 shares of the company’s stock, valued at approximately $623,091.14. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Tyler Technologies news, CFO Brian K. Miller sold 2,671 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $465.03, for a total value of $1,242,095.13. Following the sale, the chief financial officer now owns 13,536 shares of the company’s stock, valued at approximately $6,294,646.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brenda A. Cline sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $458.83, for a total value of $2,294,150.00. Following the transaction, the director now owns 1,358 shares of the company’s stock, valued at $623,091.14. The disclosure for this sale can be found here. Insiders have sold a total of 26,241 shares of company stock worth $12,495,890 over the last 90 days. Insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on TYL. Barclays lifted their target price on Tyler Technologies from $473.00 to $515.00 and gave the company an “equal weight” rating in a research note on Thursday, July 11th. Truist Financial reiterated a “buy” rating and issued a $560.00 price objective (up previously from $510.00) on shares of Tyler Technologies in a research note on Thursday, May 23rd. Piper Sandler reissued an “overweight” rating and set a $520.00 target price on shares of Tyler Technologies in a research note on Wednesday, April 24th. JMP Securities upped their price target on shares of Tyler Technologies from $490.00 to $580.00 and gave the stock a “market outperform” rating in a research note on Monday. Finally, Needham & Company LLC lifted their price objective on Tyler Technologies from $500.00 to $600.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Tyler Technologies currently has an average rating of “Moderate Buy” and an average target price of $539.17.

Tyler Technologies Company Profile

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.