Tyler Technologies, Inc. provides integrated information management solutions and services for the public sector. The company operates in three segments: Enterprise Software; Appraisal and Tax; and NIC. It offers financial management solutions, including modular fund accounting systems for government agencies or not-for-profit entities; utility billing systems for the billing and collection of metered and non-metered services; products to automate city and county functions, such as municipal courts, parking tickets, equipment and project costing, animal and business licenses, permits and inspections, code enforcement, citizen complaint tracking, ambulance billing, fleet maintenance, and cemetery records management; and student information and transportation solutions for K-12 schools. The company also provides a suite of judicial solutions comprising court case management, court and law enforcement, prosecutor, and supervision systems to handle multi-jurisdictional county or statewide implementations, and single county systems; public safety software solutions; systems and software to automate the appraisal and assessment of real and personal property, as well as tax applications for agencies that bill and collect taxes; planning, regulatory, and maintenance software solutions for public sector agencies; software applications to enhance and automate operations involving records and document management; and data and insights solutions. In addition, it offers software as a service arrangements and electronic document filing solutions for courts and law offices; software and hardware installation, data conversion, training, product modification, and maintenance and support services; and property appraisal outsourcing services for taxing jurisdictions. The company has a strategic collaboration agreement with Amazon Web Services for cloud hosting services. Tyler Technologies, Inc. was founded in 1966 and is headquartered in Plano, Texas.
Tyler Technologies Stock Performance
Shares of Tyler Technologies stock traded up $9.09 on Wednesday, hitting $415.56. The stock had a trading volume of 179,943 shares, compared to its average volume of 238,892. The company's 50 day moving average price is $352.12 and its 200 day moving average price is $391.29. The stock has a market cap of $17.28 billion, a price-to-earnings ratio of 96.55 and a beta of 0.90. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.50. Tyler Technologies has a 52-week low of $300.85 and a 52-week high of $557.55.
Tyler Technologies (NYSE:TYL - Get Rating) last posted its quarterly earnings data on Wednesday, July 27th. The technology company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.05. The business had revenue of $468.70 million during the quarter, compared to the consensus estimate of $458.50 million. Tyler Technologies had a return on equity of 10.26% and a net margin of 9.84%. The company's revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.42 earnings per share. On average, research analysts anticipate that Tyler Technologies will post 5.53 EPS for the current year.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the stock. Piper Sandler upped their price target on shares of Tyler Technologies from $405.00 to $468.00 and gave the company an "overweight" rating in a report on Friday, July 29th. Credit Suisse Group began coverage on shares of Tyler Technologies in a report on Monday, May 9th. They issued a "neutral" rating and a $408.00 price objective on the stock. Needham & Company LLC dropped their price objective on shares of Tyler Technologies from $575.00 to $475.00 and set a "buy" rating for the company in a report on Thursday, July 28th. Loop Capital started coverage on Tyler Technologies in a research note on Monday, April 18th. They issued a "buy" rating and a $520.00 price objective on the stock. Finally, DA Davidson boosted their target price on Tyler Technologies to $460.00 in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $480.08.
Insiders Place Their Bets
In related news, CFO Brian K. Miller sold 2,500 shares of the firm's stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $358.97, for a total transaction of $897,425.00. Following the transaction, the chief financial officer now owns 28,594 shares of the company's stock, valued at $10,264,388.18. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Chairman John S. Marr, Jr. sold 6,000 shares of the stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $363.75, for a total transaction of $2,182,500.00. Following the completion of the sale, the chairman now directly owns 57,638 shares of the company's stock, valued at $20,965,822.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Brian K. Miller sold 2,500 shares of the business's stock in a transaction on Friday, May 13th. The shares were sold at an average price of $358.97, for a total transaction of $897,425.00. Following the completion of the transaction, the chief financial officer now directly owns 28,594 shares in the company, valued at $10,264,388.18. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.
