News coverage about Tyler Technologies (NYSE:TYL) has trended somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tyler Technologies earned a daily sentiment score of 0.01 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 46.5630389462842 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of Tyler Technologies (TYL) traded up $1.39 on Tuesday, reaching $199.07. The company had a trading volume of 242,295 shares, compared to its average volume of 153,347. The company has a market cap of $7,480.00, a P/E ratio of 51.17 and a beta of 0.98. Tyler Technologies has a 52-week low of $143.38 and a 52-week high of $199.35.
Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, October 25th. The technology company reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.03. The firm had revenue of $214.15 million during the quarter, compared to the consensus estimate of $216.80 million. Tyler Technologies had a return on equity of 12.81% and a net margin of 16.34%. The firm’s revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.94 EPS. research analysts anticipate that Tyler Technologies will post 3.28 EPS for the current fiscal year.
A number of brokerages have recently weighed in on TYL. Piper Jaffray Companies reiterated an “overweight” rating and issued a $220.00 price target on shares of Tyler Technologies in a report on Tuesday, January 16th. B. Riley reiterated a “neutral” rating and issued a $184.00 price target on shares of Tyler Technologies in a report on Thursday, October 26th. Zacks Investment Research upgraded Tyler Technologies from a “hold” rating to a “buy” rating and set a $198.00 price target for the company in a report on Wednesday, November 1st. KeyCorp reiterated a “buy” rating and issued a $180.00 price target on shares of Tyler Technologies in a report on Friday, October 6th. Finally, Maxim Group set a $197.00 price target on Tyler Technologies and gave the company a “buy” rating in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $195.50.
In related news, CEO John S. Marr, Jr. sold 17,000 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $184.93, for a total transaction of $3,143,810.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John S. Marr, Jr. sold 10,000 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $173.35, for a total value of $1,733,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 352,207 shares of company stock valued at $63,349,769. 10.30% of the stock is owned by company insiders.
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Tyler Technologies Company Profile
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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