Tyler Technologies, Inc. (NYSE:TYL) Issues FY17 Earnings Guidance
Tyler Technologies, Inc. (NYSE:TYL) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided EPS guidance of $3.83-3.91 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.88. The company issued revenue guidance of $845-855 million, compared to the consensus revenue estimate of $848.79 million.
Tyler Technologies, Inc. (NYSE:TYL) traded up 0.18% during midday trading on Wednesday, reaching $181.33. 226,602 shares of the company were exchanged. The firm has a market cap of $6.72 billion, a P/E ratio of 57.00 and a beta of 0.96. The firm’s 50-day moving average is $173.13 and its 200-day moving average is $161.14. Tyler Technologies, Inc. has a one year low of $139.61 and a one year high of $182.49.
Tyler Technologies (NYSE:TYL) last announced 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. Tyler Technologies had a net margin of 13.48% and a return on equity of 13.12%. The business had revenue of $199.54 million for the quarter, compared to analyst estimates of $199.76 million. During the same quarter in the previous year, the firm posted $0.81 earnings per share. Tyler Technologies’s revenue was up 11.3% compared to the same quarter last year. On average, equities analysts expect that Tyler Technologies, Inc. will post $3.88 EPS for the current fiscal year.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Tyler Technologies from a hold rating to a strong-buy rating and set a $201.00 target price on the stock in a research report on Thursday, June 29th. Maxim Group set a $197.00 target price on shares of Tyler Technologies and gave the stock a buy rating in a research report on Monday, July 17th. Finally, B. Riley reaffirmed a buy rating and set a $184.00 target price on shares of Tyler Technologies in a research report on Sunday, May 14th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $185.38.
In other Tyler Technologies news, Director Larry D. Leinweber sold 36,000 shares of the business’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $163.55, for a total value of $5,887,800.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Brian K. Miller sold 13,000 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $169.43, for a total transaction of $2,202,590.00. Following the completion of the sale, the chief financial officer now directly owns 55,044 shares in the company, valued at approximately $9,326,104.92. The disclosure for this sale can be found here. Insiders sold a total of 391,147 shares of company stock worth $65,619,550 in the last three months. Insiders own 10.30% of the company’s stock.
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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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