Tyler Technologies, Inc. (TYL) Expected to Post Q3 2017 Earnings of $0.87 Per Share

Tyler Technologies, Inc. (NYSE:TYL) – Equities researchers at KeyCorp cut their Q3 2017 earnings per share (EPS) estimates for shares of Tyler Technologies in a report issued on Thursday. KeyCorp analyst B. Bracelin now expects that the technology company will earn $0.87 per share for the quarter, down from their prior forecast of $0.90. KeyCorp also issued estimates for Tyler Technologies’ Q4 2017 earnings at $0.88 EPS.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, July 26th. The technology company reported $0.91 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.94 by $0.03. Tyler Technologies had a return on equity of 13.02% and a net margin of 14.73%. The firm had revenue of $209.12 million for the quarter, compared to analysts’ expectations of $210.67 million. During the same quarter in the previous year, the firm posted $0.86 EPS. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. COPYRIGHT VIOLATION WARNING: This news story was originally published by [[site]] and is owned by of [[site]]. If you are accessing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The correct version of this news story can be viewed at [[permalink]].

Several other brokerages have also weighed in on TYL. Maxim Group set a $197.00 target price on Tyler Technologies and gave the stock a “buy” rating in a research report on Thursday, July 27th. Zacks Investment Research raised 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. BidaskClub lowered Tyler Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday. Finally, B. Riley reaffirmed a “buy” rating and issued a $184.00 target price on shares of Tyler Technologies in a research report on Friday. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $187.17.

Shares of Tyler Technologies (NYSE:TYL) opened at 171.81 on Monday. The stock’s 50 day moving average price is $173.71 and its 200-day moving average price is $162.03. The stock has a market cap of $6.41 billion, a PE ratio of 51.47 and a beta of 0.96. Tyler Technologies has a one year low of $139.61 and a one year high of $182.49.

In other news, CEO John S. Marr, Jr. sold 23,960 shares of the stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $167.69, for a total transaction of $4,017,852.40. Following the transaction, the chief executive officer now owns 355,437 shares of the company’s stock, valued at approximately $59,603,230.53. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Larry D. Leinweber sold 36,000 shares of the stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $170.98, for a total value of $6,155,280.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 355,147 shares of company stock worth $59,731,750. 10.30% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Assetmark Inc. raised its position in shares of Tyler Technologies by 15.1% in the first quarter. Assetmark Inc. now owns 761 shares of the technology company’s stock worth $118,000 after buying an additional 100 shares in the last quarter. New England Research & Management Inc. bought a new position in shares of Tyler Technologies during the first quarter worth approximately $201,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Tyler Technologies by 32.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,298 shares of the technology company’s stock worth $201,000 after buying an additional 317 shares in the last quarter. YHB Investment Advisors Inc. bought a new position in shares of Tyler Technologies during the second quarter worth approximately $209,000. Finally, Pennsylvania Trust Co bought a new position in shares of Tyler Technologies during the first quarter worth approximately $239,000. 90.31% of the stock is currently owned by institutional investors and hedge funds.

About Tyler Technologies

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.