Tyler Technologies (TYL) Receiving Somewhat Favorable Press Coverage, Report Finds

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Press coverage about Tyler Technologies (NYSE:TYL) has been trending somewhat positive recently, according to Accern. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tyler Technologies earned a news impact score of 0.06 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 45.4687040244201 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the media headlines that may have impacted Accern’s scoring:

TYL stock opened at $248.33 on Friday. Tyler Technologies has a 52-week low of $167.50 and a 52-week high of $251.73. The company has a market cap of $9.54 billion, a PE ratio of 78.09, a price-to-earnings-growth ratio of 6.51 and a beta of 0.88.

Tyler Technologies (NYSE:TYL) last released its earnings results on Thursday, July 26th. The technology company reported $1.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.05. Tyler Technologies had a net margin of 19.91% and a return on equity of 11.70%. The firm had revenue of $236.10 million during the quarter, compared to analyst estimates of $233.28 million. During the same period last year, the business earned $0.91 earnings per share. The business’s revenue was up 13.1% on a year-over-year basis. sell-side analysts predict that Tyler Technologies will post 3.79 EPS for the current fiscal year.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Tyler Technologies from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Piper Jaffray Companies lifted their target price on shares of Tyler Technologies from $242.00 to $260.00 and gave the company an “overweight” rating in a report on Monday, June 25th. B. Riley lifted their target price on shares of Tyler Technologies from $200.00 to $206.00 and gave the company a “neutral” rating in a report on Monday, July 30th. Finally, Robert W. Baird reiterated a “buy” rating and set a $260.00 target price (up from $240.00) on shares of Tyler Technologies in a report on Friday, July 27th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $228.58.

In related news, VP Brian K. Miller sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 12th. The shares were sold at an average price of $236.12, for a total value of $708,360.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 9,200 shares of the business’s stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $245.27, for a total transaction of $2,256,484.00. Following the completion of the transaction, the chief executive officer now owns 67,147 shares of the company’s stock, valued at $16,469,144.69. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 169,862 shares of company stock valued at $40,636,786. 4.70% of the stock is owned by company insiders.

About Tyler Technologies

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector in the United States and internationally. It operates through two segments, Enterprise Software, and Appraisal and Tax. The company's financial management solutions include modular fund accounting systems for government agencies or not-for-profit entities; and utility billing systems for the billing and collection of metered and non-metered services.

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