Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Tyler Technologies (TYL) Share Price
Media stories about Tyler Technologies (NYSE:TYL) have trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tyler Technologies earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 45.8283962545345 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Cwm LLC Boosts Position in Honeywell International Inc. (HON) (overnewsmagazine.com)
- ETFs with exposure to Tyler Technologies, Inc. : August 11, 2017 (finance.yahoo.com)
- Shares Seesawing on Volume: Tyler Technologies Inc (TYL) – Sparta Review (spartareview.com)
- Volume Moving the Tape For Tyler Technologies Inc (TYL) – Sparta Review (spartareview.com)
- Tyler Technologies, Inc. (TYL) Director Donald R. Brattain Sells 2,500 Shares (americanbankingnews.com)
Shares of Tyler Technologies (TYL) traded up 1.07% on Friday, hitting $169.53. The stock had a trading volume of 187,122 shares. The firm has a market cap of $6.32 billion, a price-to-earnings ratio of 50.79 and a beta of 0.95. Tyler Technologies has a 12-month low of $139.61 and a 12-month high of $182.49. The stock has a 50 day moving average of $173.53 and a 200 day moving average of $163.05.
Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by $0.03. The firm had revenue of $209.12 million for the quarter, compared to analysts’ expectations of $210.67 million. Tyler Technologies had a return on equity of 12.77% and a net margin of 15.10%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.86 EPS. Equities analysts predict that Tyler Technologies will post $3.87 earnings per share for the current fiscal year.
A number of research analysts have recently issued reports on TYL shares. Zacks Investment Research upgraded Tyler Technologies from a “hold” rating to a “strong-buy” rating and set a $201.00 price target on the stock in a report on Thursday, June 29th. Maxim Group set a $197.00 price target on Tyler Technologies and gave the company a “buy” rating in a report on Monday, July 17th. BidaskClub downgraded Tyler Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, B. Riley reiterated a “buy” rating and issued a $184.00 price target on shares of Tyler Technologies in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $187.17.
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In other Tyler Technologies news, CEO John S. Marr, Jr. sold 23,960 shares of the firm’s 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 $59,603,230.53. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Brian K. Miller sold 13,000 shares of the firm’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $169.43, for a total value of $2,202,590.00. Following the transaction, 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. In the last ninety days, insiders have sold 237,253 shares of company stock worth $40,508,996. Corporate insiders own 10.30% of the company’s stock.
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.
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