Tyler Technologies (TYL) Expected to Announce Quarterly Earnings on Wednesday

Tyler Technologies (NYSE:TYL) is anticipated to issue its quarterly earnings data after the market closes on Wednesday, February 12th. Analysts expect the company to announce earnings of $2.44 per share and revenue of $540.32 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Tyler Technologies Trading Up 1.0 %

TYL opened at $612.18 on Tuesday. Tyler Technologies has a 52 week low of $397.80 and a 52 week high of $638.56. The company has a market capitalization of $26.20 billion, a P/E ratio of 111.71, a PEG ratio of 4.78 and a beta of 0.78. The stock’s fifty day moving average is $596.22 and its two-hundred day moving average is $593.06. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18.

Insider Buying and Selling at Tyler Technologies

In other news, CFO Brian K. Miller sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $632.01, for a total value of $1,580,025.00. Following the completion of the transaction, the chief financial officer now directly owns 12,198 shares in the company, valued at $7,709,257.98. This trade represents a 17.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John S. Marr, Jr. sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $613.66, for a total value of $7,363,920.00. Following the completion of the sale, the insider now owns 6,983 shares in the company, valued at approximately $4,285,187.78. This represents a 63.21 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,502 shares of company stock worth $18,941,368. 2.20% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on TYL. JMP Securities increased their target price on shares of Tyler Technologies from $580.00 to $700.00 and gave the stock a “market outperform” rating in a report on Friday, October 25th. Needham & Company LLC reissued a “buy” rating and set a $700.00 price objective on shares of Tyler Technologies in a report on Tuesday, January 21st. Wells Fargo & Company reissued an “equal weight” rating and issued a $615.00 price objective (down previously from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. DA Davidson reaffirmed a “neutral” rating and set a $575.00 target price on shares of Tyler Technologies in a research report on Thursday, January 30th. Finally, Truist Financial reissued a “buy” rating and issued a $685.00 price target (up from $600.00) on shares of Tyler Technologies in a research report on Friday, October 25th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $645.69.

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.