Tyler Technologies (TYL) Scheduled to Post Quarterly Earnings on Wednesday

Tyler Technologies (NYSE:TYL - Get Free Report) will post its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect Tyler Technologies to post earnings of $2.03 per share for the quarter. Tyler Technologies has set its FY24 guidance at $8.90 to $9.10 EPS and its FY 2024 guidance at 8.900-9.100 EPS.Investors interested in participating in the company's conference call can do so using this link.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.06. The business had revenue of $480.94 million during the quarter, compared to analysts' expectations of $483.34 million. Tyler Technologies had a net margin of 8.50% and a return on equity of 8.85%. On average, analysts expect Tyler Technologies to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Tyler Technologies Stock Performance

NYSE TYL traded up $3.62 during trading on Wednesday, reaching $402.84. The company's stock had a trading volume of 261,778 shares, compared to its average volume of 204,301. The firm has a 50 day moving average price of $424.84 and a 200 day moving average price of $413.56. Tyler Technologies has a 12 month low of $361.16 and a 12 month high of $454.74. The firm has a market capitalization of $17.10 billion, a price-to-earnings ratio of 103.56, a price-to-earnings-growth ratio of 3.94 and a beta of 0.81. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.20.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. DA Davidson increased their price target on Tyler Technologies from $412.00 to $434.00 and gave the stock a "neutral" rating in a research report on Thursday, February 22nd. Needham & Company LLC raised their price target on Tyler Technologies from $475.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, February 15th. JMP Securities reaffirmed a "market outperform" rating and set a $490.00 price objective on shares of Tyler Technologies in a research report on Friday, February 16th. JPMorgan Chase & Co. increased their price objective on shares of Tyler Technologies from $500.00 to $526.00 and gave the stock an "overweight" rating in a research note on Thursday, February 15th. Finally, Piper Sandler boosted their target price on shares of Tyler Technologies from $480.00 to $520.00 and gave the company an "overweight" rating in a research report on Friday, February 16th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $457.86.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,500 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $437.49, for a total value of $2,843,685.00. Following the completion of the transaction, the insider now directly owns 6,400 shares in the company, valued at approximately $2,799,936. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider John S. Marr, Jr. sold 6,500 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $437.49, for a total value of $2,843,685.00. Following the sale, the insider now directly owns 6,400 shares in the company, valued at $2,799,936. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Glenn A. Carter sold 1,650 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $437.84, for a total transaction of $722,436.00. Following the sale, the director now directly owns 2,011 shares of the company's stock, valued at approximately $880,496.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,608 shares of company stock worth $21,974,819. Insiders own 1.50% of the company's stock.

Hedge Funds Weigh In On Tyler Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of TYL. Public Employees Retirement System of Ohio raised its position in shares of Tyler Technologies by 2.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 17,540 shares of the technology company's stock worth $7,334,000 after acquiring an additional 468 shares in the last quarter. Ashford Capital Management Inc. increased its holdings in Tyler Technologies by 2.9% in the fourth quarter. Ashford Capital Management Inc. now owns 54,241 shares of the technology company's stock worth $22,679,000 after purchasing an additional 1,511 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in Tyler Technologies by 44.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,468 shares of the technology company's stock valued at $1,032,000 after buying an additional 756 shares during the period. Chartwell Investment Partners LLC boosted its holdings in shares of Tyler Technologies by 12.6% during the 4th quarter. Chartwell Investment Partners LLC now owns 9,560 shares of the technology company's stock worth $3,997,000 after buying an additional 1,068 shares in the last quarter. Finally, Kensington Investment Counsel LLC grew its position in shares of Tyler Technologies by 1.7% during the 4th quarter. Kensington Investment Counsel LLC now owns 2,152 shares of the technology company's stock worth $900,000 after buying an additional 36 shares during the period. Institutional investors and hedge funds own 93.30% of the company's stock.

Tyler Technologies Company Profile

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. It operates in two segments, Enterprise Software and Platform Technologies. The company offers platform and transformative technology solutions, including cybersecurity for government agencies; data and insights solutions; digital solutions that helps workers and policymakers to share, communicate, and leverage data; payments solutions, such as billing, presentment, merchant onboarding, collections, reconciliation, and disbursements; platform technologies, an application development platform that enables government workers to build solutions and applications; and outdoor recreation solutions, including campsite reservations, activity registrations, licensing sales and renewals, and real-time data for conservation and park management.