What is William Blair's Estimate for TYL FY2024 Earnings?

Tyler Technologies, Inc. (NYSE:TYL - Free Report) - Equities researchers at William Blair boosted their FY2024 EPS estimates for shares of Tyler Technologies in a report released on Thursday, October 24th. William Blair analyst J. Ho now forecasts that the technology company will post earnings per share of $7.33 for the year, up from their previous estimate of $7.13. The consensus estimate for Tyler Technologies' current full-year earnings is $7.30 per share.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 earnings per share for the quarter, beating analysts' consensus estimates of $2.43 by $0.09. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The business had revenue of $543.34 million during the quarter, compared to analysts' expectations of $547.34 million. During the same period in the previous year, the firm posted $1.66 earnings per share. The company's revenue was up 9.8% on a year-over-year basis.

Several other brokerages also recently weighed in on TYL. Robert W. Baird upped their target price on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a research note on Friday. Evercore ISI upgraded Tyler Technologies to a "hold" rating in a research note on Friday, July 26th. Needham & Company LLC boosted their target price on Tyler Technologies from $600.00 to $700.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Truist Financial restated a "buy" rating and set a $685.00 price target (up previously from $600.00) on shares of Tyler Technologies in a report on Friday. Finally, JMP Securities lifted their price objective on Tyler Technologies from $580.00 to $700.00 and gave the company a "market outperform" rating in a research note on Friday. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Tyler Technologies has a consensus rating of "Moderate Buy" and an average target price of $642.62.

Tyler Technologies Trading Down 0.1 %

NYSE:TYL traded down $0.47 on Monday, reaching $605.39. 195,230 shares of the company's stock were exchanged, compared to its average volume of 228,050. The business has a fifty day moving average of $585.40 and a 200-day moving average of $529.57. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18. Tyler Technologies has a 52-week low of $362.50 and a 52-week high of $631.43. The firm has a market capitalization of $25.91 billion, a price-to-earnings ratio of 110.47, a price-to-earnings-growth ratio of 5.53 and a beta of 0.78.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,000 shares of the company's stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $590.98, for a total value of $2,954,900.00. Following the completion of the transaction, the chief executive officer now owns 75,000 shares in the company, valued at $44,323,500. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO H Lynn Moore, Jr. sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $590.98, for a total value of $2,954,900.00. Following the completion of the sale, the chief executive officer now directly owns 75,000 shares of the company's stock, valued at approximately $44,323,500. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Glenn A. Carter sold 3,350 shares of Tyler Technologies stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $582.57, for a total transaction of $1,951,609.50. Following the completion of the transaction, the director now directly owns 2,654 shares in the company, valued at $1,546,140.78. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,100 shares of company stock valued at $16,890,717 in the last ninety days. Insiders own 1.50% of the company's stock.

Institutional Investors Weigh In On Tyler Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Tyler Technologies by 64.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,032 shares of the technology company's stock worth $864,000 after purchasing an additional 798 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Tyler Technologies by 18.5% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 101,435 shares of the technology company's stock valued at $43,111,000 after acquiring an additional 15,871 shares in the last quarter. Wasatch Advisors LP increased its stake in shares of Tyler Technologies by 68.0% during the first quarter. Wasatch Advisors LP now owns 2,982 shares of the technology company's stock worth $1,267,000 after acquiring an additional 1,207 shares during the period. Commonwealth Equity Services LLC raised its holdings in Tyler Technologies by 119.2% during the first quarter. Commonwealth Equity Services LLC now owns 6,517 shares of the technology company's stock worth $2,770,000 after purchasing an additional 3,544 shares in the last quarter. Finally, HB Wealth Management LLC lifted its position in Tyler Technologies by 4.5% in the first quarter. HB Wealth Management LLC now owns 840 shares of the technology company's stock valued at $357,000 after purchasing an additional 36 shares during the period. 93.30% of the stock is owned by hedge funds and other institutional investors.

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.