Tyler Technologies (NYSE:TYL – Get Free Report) posted its quarterly earnings results on Wednesday. The technology company reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.06, Briefing.com reports. Tyler Technologies had a net margin of 10.24% and a return on equity of 9.82%. The business had revenue of $540.98 million for the quarter, compared to the consensus estimate of $541.01 million. During the same period in the prior year, the business posted $1.53 earnings per share. Tyler Technologies’s revenue for the quarter was up 7.3% compared to the same quarter last year. 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 Price Performance
Shares of Tyler Technologies stock traded up $25.76 during midday trading on Friday, reaching $590.10. The company had a trading volume of 406,138 shares, compared to its average volume of 222,774. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $25.06 billion, a price-to-earnings ratio of 133.05, a price-to-earnings-growth ratio of 4.84 and a beta of 0.76. The stock has a fifty day simple moving average of $497.34 and a 200 day simple moving average of $455.55. Tyler Technologies has a 1-year low of $361.16 and a 1-year high of $593.50.
Insider Transactions at Tyler Technologies
In other news, Director Brenda A. Cline sold 5,000 shares of Tyler Technologies stock in a transaction on Monday, April 29th. The shares were sold at an average price of $458.83, for a total transaction of $2,294,150.00. Following the transaction, the director now directly owns 1,358 shares of the company’s stock, valued at $623,091.14. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Brenda A. Cline sold 5,000 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $458.83, for a total transaction of $2,294,150.00. Following the transaction, the director now directly owns 1,358 shares in the company, valued at approximately $623,091.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John S. Marr, Jr. sold 6,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $483.21, for a total transaction of $2,899,260.00. Following the transaction, the insider now owns 6,983 shares in the company, valued at $3,374,255.43. The disclosure for this sale can be found here. Insiders have sold a total of 26,241 shares of company stock valued at $12,495,890 over the last three months. 2.20% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Get Our Latest Stock Report on TYL
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.
Read More
- Five stocks we like better than Tyler Technologies
- How to Effectively Use the MarketBeat Ratings Screener
- 3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- Skechers Stock Shows Strength Among Consumer Discretionary Sector
- How to Use the MarketBeat Stock Screener
- Tech Stocks Tumble, These Stocks Present Buying Opportunity
Receive News & Ratings for Tyler Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyler Technologies and related companies with MarketBeat.com's FREE daily email newsletter.