Brokerages expect that Tyler Technologies, Inc. (NYSE:TYL) will report earnings per share (EPS) of $1.04 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Tyler Technologies’ earnings, with the lowest EPS estimate coming in at $1.03 and the highest estimate coming in at $1.06. Tyler Technologies reported earnings per share of $0.90 in the same quarter last year, which would suggest a positive year-over-year growth rate of 15.6%. The business is expected to report its next quarterly earnings results on Wednesday, February 14th.

According to Zacks, analysts expect that Tyler Technologies will report full year earnings of $3.90 per share for the current fiscal year, with EPS estimates ranging from $3.89 to $3.91. For the next year, analysts anticipate that the business will post earnings of $4.33 per share, with EPS estimates ranging from $4.19 to $4.45. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Tyler Technologies.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, October 25th. The technology company reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.03. The company had revenue of $214.15 million for the quarter, compared to the consensus estimate of $216.80 million. Tyler Technologies had a return on equity of 12.81% and a net margin of 16.34%. Tyler Technologies’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.94 earnings per share.

A number of analysts have commented on TYL shares. KeyCorp reiterated a “buy” rating and set a $180.00 target price on shares of Tyler Technologies in a research report on Friday, October 6th. Needham & Company LLC reiterated a “buy” rating on shares of Tyler Technologies in a research report on Tuesday, October 24th. B. Riley reiterated a “neutral” rating and set a $184.00 target price on shares of Tyler Technologies in a research report on Thursday, October 26th. Maxim Group set a $197.00 price target on Tyler Technologies and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $200.00 price target on shares of Tyler Technologies in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Tyler Technologies presently has a consensus rating of “Buy” and an average target price of $195.50.

Tyler Technologies (TYL) traded up $2.13 on Tuesday, reaching $194.10. The company’s stock had a trading volume of 107,275 shares, compared to its average volume of 110,607. The stock has a market capitalization of $7,291.95, a P/E ratio of 59.54 and a beta of 0.98. Tyler Technologies has a one year low of $143.38 and a one year high of $194.66.

In other news, Director Larry D. Leinweber sold 50,000 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $182.21, for a total value of $9,110,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Larry D. Leinweber sold 64,612 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $180.85, for a total value of $11,685,080.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 352,207 shares of company stock valued at $63,349,769. Insiders own 10.30% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TYL. Schwab Charles Investment Management Inc. increased its stake in Tyler Technologies by 4.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 98,579 shares of the technology company’s stock valued at $17,318,000 after purchasing an additional 4,508 shares during the last quarter. First Trust Advisors LP acquired a new position in Tyler Technologies in the second quarter valued at $776,000. Prudential Financial Inc. increased its stake in Tyler Technologies by 1.1% in the second quarter. Prudential Financial Inc. now owns 23,459 shares of the technology company’s stock valued at $4,121,000 after purchasing an additional 266 shares during the last quarter. Wells Fargo & Company MN increased its stake in Tyler Technologies by 7.4% in the second quarter. Wells Fargo & Company MN now owns 41,278 shares of the technology company’s stock valued at $7,252,000 after purchasing an additional 2,833 shares during the last quarter. Finally, Riverhead Capital Management LLC increased its stake in Tyler Technologies by 60.8% in the second quarter. Riverhead Capital Management LLC now owns 1,930 shares of the technology company’s stock valued at $339,000 after purchasing an additional 730 shares during the last quarter. 91.76% of the stock is owned by institutional investors.

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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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