Tyler Technologies (NYSE:TYL – Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 9.470-9.620 for the period, compared to the consensus EPS estimate of 9.370. The company issued revenue guidance of $2.1 billion-$2.1 billion, compared to the consensus revenue estimate of $2.1 billion. Tyler Technologies also updated its FY24 guidance to $9.47-9.62 EPS.
Tyler Technologies Price Performance
NYSE TYL traded down $3.64 during trading on Wednesday, hitting $582.22. 304,751 shares of the stock traded hands, compared to its average volume of 226,356. The company has a market capitalization of $24.72 billion, a P/E ratio of 131.72, a price-to-earnings-growth ratio of 5.44 and a beta of 0.78. Tyler Technologies has a 12-month low of $361.16 and a 12-month high of $606.93. The firm has a 50-day simple moving average of $583.84 and a 200-day simple moving average of $524.37. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.19.
Tyler Technologies (NYSE:TYL – Get Free Report) last posted its 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. The firm had revenue of $540.98 million during the quarter, compared to analyst estimates of $541.01 million. Tyler Technologies had a net margin of 10.24% and a return on equity of 9.66%. Tyler Technologies’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the firm posted $1.53 earnings per share. As a group, analysts predict that Tyler Technologies will post 7.21 EPS for the current year.
Analyst Upgrades and Downgrades
View Our Latest Analysis on Tyler Technologies
Insider Buying and Selling at Tyler Technologies
In other news, CEO H Lynn Moore, Jr. sold 6,250 shares of Tyler Technologies stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $576.49, for a total transaction of $3,603,062.50. Following the completion of the sale, the chief executive officer now owns 75,000 shares of the company’s stock, valued at approximately $43,236,750. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Tyler Technologies news, Director Daniel M. Pope sold 275 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $578.26, for a total transaction of $159,021.50. Following the transaction, the director now owns 3,218 shares of the company’s stock, valued at approximately $1,860,840.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $576.49, for a total transaction of $3,603,062.50. Following the completion of the sale, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at $43,236,750. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,375 shares of company stock valued at $17,049,739 in the last three months. Company insiders own 2.20% of the company’s stock.
About Tyler Technologies
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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