Tyler Technologies (NYSE:TYL – Get Free Report) announced its earnings results on Wednesday. The technology company reported $2.40 EPS for the quarter, topping the consensus estimate of $2.34 by $0.06, Briefing.com reports. The business had revenue of $540.98 million during the quarter, compared to analysts’ expectations of $541.01 million. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.53 earnings per share. Tyler Technologies updated its FY24 guidance to $9.25-9.45 EPS and its FY 2024 guidance to 9.250-9.450 EPS.
Tyler Technologies Stock Performance
NYSE:TYL traded up $48.54 during mid-day trading on Thursday, reaching $564.34. 622,142 shares of the company’s stock were exchanged, compared to its average volume of 221,483. Tyler Technologies has a one year low of $361.16 and a one year high of $572.80. The firm has a market capitalization of $23.96 billion, a PE ratio of 127.83, a price-to-earnings-growth ratio of 4.94 and a beta of 0.76. The business’s fifty day simple moving average is $495.82 and its two-hundred day simple moving average is $454.78. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.94 and a current ratio of 0.94.
Insider Buying and Selling
In related news, CFO Brian K. Miller sold 800 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $479.28, for a total transaction of $383,424.00. Following the transaction, the chief financial officer now directly owns 12,736 shares of the company’s stock, valued at $6,104,110.08. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Tyler Technologies news, Director Daniel M. Pope sold 520 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $491.18, for a total value of $255,413.60. Following the transaction, the director now directly owns 3,493 shares of the company’s stock, valued at approximately $1,715,691.74. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Brian K. Miller sold 800 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $479.28, for a total transaction of $383,424.00. Following the completion of the transaction, the chief financial officer now directly owns 12,736 shares in the company, valued at $6,104,110.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,241 shares of company stock valued at $12,495,890. 2.20% of the stock is owned by company insiders.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on Tyler Technologies
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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