Tyler Technologies (NYSE:TYL – Get Free Report) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided EPS guidance of $9.25-9.45 for the period, compared to the consensus EPS estimate of $9.22. The company issued revenue guidance of $2.12-2.15 billion, compared to the consensus revenue estimate of $2.13 billion. Tyler Technologies also updated its FY 2024 guidance to 9.250-9.450 EPS.
Tyler Technologies Price Performance
NYSE:TYL traded up $48.54 during mid-day trading on Thursday, reaching $564.34. 622,618 shares of the stock were exchanged, compared to its average volume of 221,483. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.20. Tyler Technologies has a 1-year low of $361.16 and a 1-year high of $572.80. The firm has a market capitalization of $23.96 billion, a PE ratio of 127.83, a PEG ratio of 4.94 and a beta of 0.76. The business has a fifty day moving average price of $495.82 and a 200 day moving average price of $454.78.
Tyler Technologies (NYSE:TYL – Get Free Report) last released its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.06. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. The business had revenue of $540.98 million during the quarter, compared to analyst estimates of $541.01 million. During the same quarter last year, the company posted $1.53 EPS. Tyler Technologies’s revenue for the quarter was up 7.3% on a year-over-year basis. Research analysts expect that Tyler Technologies will post 7.1 earnings per share for the current fiscal year.
Analyst Ratings Changes
View Our Latest Report on Tyler Technologies
Insider Buying and Selling
In related news, CFO Brian K. Miller sold 800 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $479.28, for a total value of $383,424.00. Following the completion of the sale, the chief financial officer now directly owns 12,736 shares in the company, valued at approximately $6,104,110.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO H Lynn Moore, Jr. sold 5,250 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $481.83, for a total value of $2,529,607.50. Following the completion of the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $36,137,250. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Brian K. Miller sold 800 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $479.28, for a total value of $383,424.00. Following the transaction, the chief financial officer now owns 12,736 shares of the company’s stock, valued at $6,104,110.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,241 shares of company stock worth $12,495,890. 2.20% of the stock is currently owned by insiders.
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.
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