Tyler Technologies (NYSE:TYL – Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 9.100-9.300 for the period, compared to the consensus estimate of 9.020. 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 $9.10-9.30 EPS.
Tyler Technologies Price Performance
TYL traded up $0.56 on Wednesday, hitting $419.00. 308,354 shares of the company’s stock traded hands, compared to its average volume of 207,239. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.20. The firm has a market cap of $17.78 billion, a price-to-earnings ratio of 107.71, a P/E/G ratio of 4.05 and a beta of 0.81. The company’s 50 day simple moving average is $422.70 and its 200-day simple moving average is $414.49. Tyler Technologies has a one year low of $361.16 and a one year high of $454.74.
Tyler Technologies (NYSE:TYL – Get Free Report) last announced its earnings results on Wednesday, February 14th. The technology company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. The firm had revenue of $480.94 million for the quarter, compared to analysts’ expectations of $483.34 million. Tyler Technologies had a net margin of 8.50% and a return on equity of 8.85%. As a group, research analysts anticipate that Tyler Technologies will post 6.77 EPS for the current year.
Wall Street Analyst Weigh In
Read Our Latest Research Report on TYL
Insider Transactions at Tyler Technologies
In other news, CEO H Lynn Moore, Jr. sold 7,500 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $435.19, for a total value of $3,263,925.00. Following the sale, the chief executive officer now owns 75,000 shares in the company, valued at approximately $32,639,250. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO H Lynn Moore, Jr. sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $435.19, for a total value of $3,263,925.00. Following the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $32,639,250. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John S. Marr, Jr. sold 6,500 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $437.49, for a total transaction of $2,843,685.00. Following the sale, the insider now directly owns 6,400 shares of the company’s stock, valued at approximately $2,799,936. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,608 shares of company stock valued at $21,974,819. 1.50% of the stock is currently owned by insiders.
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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