Tyler Technologies, Inc. (TYL) Expected to Announce Quarterly Sales of $220.87 Million
Wall Street brokerages expect Tyler Technologies, Inc. (NYSE:TYL) to post sales of $220.87 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Tyler Technologies’ earnings. The lowest sales estimate is $219.91 million and the highest is $221.52 million. Tyler Technologies reported sales of $193.28 million during the same quarter last year, which indicates a positive year-over-year growth rate of 14.3%. The firm 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 sales of $220.87 million for the current year, with estimates ranging from $843.59 million to $845.21 million. For the next year, analysts anticipate that the company will post sales of $934.61 million per share, with estimates ranging from $927.19 million to $944.67 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Tyler Technologies.
Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, October 25th. The technology company reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.03. The firm had revenue of $214.15 million for the quarter, compared to analyst estimates of $216.80 million. Tyler Technologies had a return on equity of 12.81% and a net margin of 16.34%. Tyler Technologies’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.94 earnings per share.
In other Tyler Technologies news, Director Dustin R. Womble sold 8,100 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $172.15, for a total value of $1,394,415.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Larry D. Leinweber sold 64,612 shares of the company’s stock in a transaction that occurred 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. In the last 90 days, insiders sold 352,207 shares of company stock worth $63,349,769. Insiders own 10.30% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Personal Capital Advisors Corp boosted its position in Tyler Technologies by 6.6% in the 4th quarter. Personal Capital Advisors Corp now owns 116,176 shares of the technology company’s stock worth $20,569,000 after purchasing an additional 7,205 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Tyler Technologies during the 4th quarter valued at approximately $442,000. Schwab Charles Investment Management Inc. lifted its position in shares of Tyler Technologies by 4.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 109,853 shares of the technology company’s stock valued at $19,450,000 after buying an additional 4,768 shares in the last quarter. Atlantic Trust Group LLC purchased a new position in shares of Tyler Technologies during the 3rd quarter valued at approximately $76,095,000. Finally, Parametric Portfolio Associates LLC lifted its position in shares of Tyler Technologies by 6.4% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 76,513 shares of the technology company’s stock valued at $13,338,000 after buying an additional 4,600 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.
Shares of Tyler Technologies (TYL) traded up $2.13 during midday trading on Thursday, reaching $194.10. The company 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 price-to-earnings ratio of 59.54 and a beta of 0.98. Tyler Technologies has a 52-week low of $143.38 and a 52-week high of $194.66.
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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