We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Tyler Technologies (TYL) Surges 3.4%: Is This an Indication of Further Gains?
Read MoreHide Full Article
Tyler Technologies (TYL - Free Report) shares rallied 3.4% in the last trading session to close at $343.24. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 25.2% loss over the past four weeks.
The optimism surrounding the stock can be attributed to Tyler Technologies announcing a $1 billion share repurchase authorization, reflecting management’s confidence in the company’s long-term growth prospects.
This information management software provider is expected to post quarterly earnings of $2.71 per share in its upcoming report, which represents a year-over-year change of +11.5%. Revenues are expected to be $589.62 million, up 9% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Tyler Technologies, the consensus EPS estimate for the quarter has been revised marginally higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on TYL going forward to see if this recent jump can turn into more strength down the road.
Tyler Technologies belongs to the Zacks Internet - Software and Services industry. Another stock from the same industry, Sabre (SABR - Free Report) , closed the last trading session 3.6% lower at $1.2. Over the past month, SABR has returned -9.5%.
For Sabre, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.07. This represents a change of +12.5% from what the company reported a year ago. Sabre currently has a Zacks Rank of #3 (Hold).
View the Zacks #1 Rank List
Image: Bigstock
Tyler Technologies (TYL) Surges 3.4%: Is This an Indication of Further Gains?
Tyler Technologies (TYL - Free Report) shares rallied 3.4% in the last trading session to close at $343.24. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 25.2% loss over the past four weeks.
The optimism surrounding the stock can be attributed to Tyler Technologies announcing a $1 billion share repurchase authorization, reflecting management’s confidence in the company’s long-term growth prospects.
This information management software provider is expected to post quarterly earnings of $2.71 per share in its upcoming report, which represents a year-over-year change of +11.5%. Revenues are expected to be $589.62 million, up 9% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Tyler Technologies, the consensus EPS estimate for the quarter has been revised marginally higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on TYL going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Tyler Technologies belongs to the Zacks Internet - Software and Services industry. Another stock from the same industry, Sabre (SABR - Free Report) , closed the last trading session 3.6% lower at $1.2. Over the past month, SABR has returned -9.5%.
For Sabre, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.07. This represents a change of +12.5% from what the company reported a year ago. Sabre currently has a Zacks Rank of #3 (Hold).