$234.53 Million in Sales Expected for Tyler Technologies (TYL) This Quarter
Equities research analysts forecast that Tyler Technologies (NYSE:TYL) will post $234.53 million in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Tyler Technologies’ earnings. The highest sales estimate is $236.75 million and the lowest is $232.82 million. Tyler Technologies posted sales of $209.12 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.2%. The company is scheduled to issue its next quarterly earnings results on Wednesday, July 25th.
On average, analysts expect that Tyler Technologies will report full-year sales of $947.85 million for the current year, with estimates ranging from $942.00 million to $954.75 million. For the next year, analysts expect that the company will post sales of $1.05 billion per share, with estimates ranging from $1.04 billion to $1.06 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Tyler Technologies.
Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, May 2nd. The technology company reported $1.13 EPS for the quarter, topping the consensus estimate of $1.12 by $0.01. Tyler Technologies had a return on equity of 12.17% and a net margin of 19.65%. The firm had revenue of $221.20 million for the quarter, compared to analyst estimates of $219.37 million. During the same period in the previous year, the company posted $0.91 EPS. Tyler Technologies’s revenue for the quarter was up 10.8% on a year-over-year basis.
In other news, VP Brian K. Miller sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $210.54, for a total value of $1,052,700.00. Following the completion of the sale, the vice president now directly owns 55,114 shares in the company, valued at approximately $11,603,701.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John S. Marr, Jr. sold 41,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $209.05, for a total value of $8,571,050.00. The disclosure for this sale can be found here. Insiders sold a total of 171,082 shares of company stock valued at $36,697,699 over the last quarter. Company insiders own 4.70% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of TYL. Ostrum Asset Management bought a new stake in shares of Tyler Technologies in the 1st quarter valued at approximately $127,000. San Francisco Sentry Investment Group CA increased its holdings in shares of Tyler Technologies by 1,334.7% in the 4th quarter. San Francisco Sentry Investment Group CA now owns 1,076 shares of the technology company’s stock valued at $191,000 after acquiring an additional 1,001 shares during the last quarter. TLP Group LLC increased its holdings in shares of Tyler Technologies by 941.9% in the 1st quarter. TLP Group LLC now owns 969 shares of the technology company’s stock valued at $204,000 after acquiring an additional 876 shares during the last quarter. ETRADE Capital Management LLC bought a new stake in shares of Tyler Technologies in the 1st quarter valued at approximately $205,000. Finally, S&CO Inc. bought a new stake in shares of Tyler Technologies in the 1st quarter valued at approximately $211,000. Institutional investors and hedge funds own 94.15% of the company’s stock.
TYL stock opened at $226.92 on Thursday. Tyler Technologies has a 52-week low of $225.58 and a 52-week high of $227.86. The company has a market cap of $8.77 billion, a price-to-earnings ratio of 71.36, a price-to-earnings-growth ratio of 6.02 and a beta of 0.91.
About Tyler Technologies
Tyler Technologies, Inc provides integrated information management solutions and services for the public sector in the United States and internationally. It operates through two segments, Enterprise Software, and Appraisal and Tax. The company's financial management solutions include modular fund accounting systems for government agencies or not-for-profit entities; and utility billing systems for the billing and collection of metered and non-metered services.
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