Tyler Technologies (NYSE:TYL – Get Free Report) released its earnings results on Wednesday. The technology company reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.06, Briefing.com reports. The firm had revenue of $540.98 million for the quarter, compared to analysts’ expectations of $541.01 million. Tyler Technologies had a return on equity of 9.82% and a net margin of 10.24%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business 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 Up 5.1 %
TYL stock traded up $29.03 during trading on Friday, reaching $593.37. 133,615 shares of the stock were exchanged, compared to its average volume of 220,869. The firm’s 50 day moving average is $497.34 and its 200 day moving average is $455.55. The firm has a market cap of $25.19 billion, a P/E ratio of 133.28, a price-to-earnings-growth ratio of 4.84 and a beta of 0.76. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.20. Tyler Technologies has a twelve month low of $361.16 and a twelve month high of $593.37.
Insider Activity at Tyler Technologies
In other Tyler Technologies news, CFO Brian K. Miller sold 800 shares of the stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $479.28, for a total value of $383,424.00. Following the completion of the sale, the chief financial officer now owns 12,736 shares in the company, valued at approximately $6,104,110.08. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Tyler Technologies news, CFO Brian K. Miller sold 800 shares of the business’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $479.28, for a total value of $383,424.00. Following the transaction, the chief financial officer now 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 can be accessed through the SEC website. Also, insider John S. Marr, Jr. sold 6,000 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $483.21, for a total value of $2,899,260.00. Following the completion of the transaction, the insider now owns 6,983 shares of the company’s stock, valued at approximately $3,374,255.43. The disclosure for this sale can be found here. Insiders have sold 26,241 shares of company stock valued at $12,495,890 over the last ninety days. Corporate insiders own 2.20% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Research Report on Tyler Technologies
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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