Tyler Technologies (TYL) Getting Somewhat Favorable Media Coverage, Analysis Shows
News articles about Tyler Technologies (NYSE:TYL) have been trending somewhat positive on Friday, according to Alpha One Sentiment Analysis. The research firm, a subsidiary of Accern, ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tyler Technologies earned a news sentiment score of 0.20 on Alpha One’s scale. Alpha One also assigned news stories about the technology company an impact score of 37 out of 100, indicating that recent news coverage is unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have effected AlphaOne Sentiment Analysis’s rankings:
- Tyler Technologies, Inc. (TYL) CEO Sells $4,017,852.40 in Stock (americanbankingnews.com)
- Company Stock Focus: Tyler Technologies, Inc. (NYSE:TYL) – Business Daily (oxfordbusinessdaily.com)
- Global Public and Personal Safety Market worth USD 518 Billion and anticipated with CAGR of 13% by 2023 (newsmaker.com.au)
- Tyler Technologies : to Provide Integrated Public Safety Solution to Muskingum County, Ohio (4-traders.com)
- Tyler Technologies : Grayson Central Appraisal District to get access to county real property records (4-traders.com)
Tyler Technologies (NYSE:TYL) traded up 1.80% during midday trading on Friday, reaching $169.17. 156,281 shares of the company’s stock traded hands. Tyler Technologies has a 1-year low of $139.61 and a 1-year high of $175.77. The company has a market capitalization of $6.27 billion, a price-to-earnings ratio of 53.18 and a beta of 1.00. The firm’s 50-day moving average is $160.74 and its 200-day moving average is $153.44.
Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, April 26th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.01. The firm had revenue of $199.54 million during the quarter, compared to the consensus estimate of $199.76 million. Tyler Technologies had a net margin of 11.83% and a return on equity of 13.50%. The company’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.81 EPS. Analysts forecast that Tyler Technologies will post $3.88 earnings per share for the current year.
A number of brokerages have issued reports on TYL. B. Riley reiterated a “buy” rating and issued a $184.00 price target on shares of Tyler Technologies in a report on Tuesday, May 9th. Needham & Company LLC restated a “buy” rating and issued a $185.00 target price on shares of Tyler Technologies in a report on Thursday, February 9th. Maxim Group reduced their target price on shares of Tyler Technologies from $210.00 to $197.00 and set a “buy” rating on the stock in a report on Thursday, February 9th. Finally, Zacks Investment Research upgraded shares of Tyler Technologies from a “sell” rating to a “hold” rating in a report on Thursday, April 13th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $184.60.
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In other Tyler Technologies news, Director Larry D. Leinweber sold 50,415 shares of the stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $165.96, for a total value of $8,366,873.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John S. Marr, Jr. sold 23,960 shares of the stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $167.69, for a total transaction of $4,017,852.40. Following the completion of the sale, the chief executive officer now directly owns 355,437 shares of the company’s stock, valued at approximately $59,603,230.53. The disclosure for this sale can be found here. In the last three months, insiders have sold 653,315 shares of company stock valued at $103,985,957. Corporate insiders own 12.00% of the company’s stock.
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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