Tyler Technologies (NYSE:TYL – Get Free Report) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $9.10-9.30 for the period, compared to the consensus estimate of $9.02. The company issued revenue guidance of $2.11-2.14 billion, compared to the consensus revenue estimate of $2.12 billion. Tyler Technologies also updated its FY 2024 guidance to 9.100-9.300 EPS.
Tyler Technologies Stock Performance
Tyler Technologies stock traded up $2.67 during mid-day trading on Friday, reaching $460.74. The company’s stock had a trading volume of 286,608 shares, compared to its average volume of 228,489. Tyler Technologies has a 12-month low of $361.16 and a 12-month high of $465.78. The company has a market capitalization of $19.56 billion, a P/E ratio of 104.24, a PEG ratio of 4.51 and a beta of 0.81. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 0.94. The firm’s fifty day moving average price is $423.02 and its two-hundred day moving average price is $415.30.
Tyler Technologies (NYSE:TYL – Get Free Report) last released its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. The business had revenue of $480.94 million during the quarter, compared to analyst estimates of $483.34 million. Sell-side analysts predict that Tyler Technologies will post 6.77 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Check Out Our Latest Research Report on TYL
Insider Activity
In other news, CEO H Lynn Moore, Jr. sold 10,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $435.98, for a total transaction of $4,359,800.00. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at $32,698,500. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO H Lynn Moore, Jr. sold 10,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $435.98, for a total transaction of $4,359,800.00. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at $32,698,500. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $3,263,925.00. Following the transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at $32,639,250. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,608 shares of company stock valued at $21,974,819. Insiders own 2.20% of the company’s stock.
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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