Tyler Technologies (NYSE:TYL) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $6.650-6.770 for the period, compared to the Thomson Reuters consensus estimate of $6.530. The company issued revenue guidance of $1.51 billion-1.54 billion, compared to the consensus revenue estimate of $1.50 billion.
TYL stock traded up $5.37 during midday trading on Friday, hitting $429.89. 6,114 shares of the company’s stock were exchanged, compared to its average volume of 271,368. Tyler Technologies has a one year low of $319.58 and a one year high of $479.79. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.24 and a current ratio of 3.24. The company has a market cap of $17.51 billion, a P/E ratio of 96.26 and a beta of 0.56. The stock’s fifty day moving average is $419.38.
Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, April 28th. The technology company reported $1.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.48. Tyler Technologies had a return on equity of 9.51% and a net margin of 16.23%. The business had revenue of $294.80 million for the quarter, compared to analysts’ expectations of $289.70 million. During the same quarter in the previous year, the business posted $1.25 EPS. Tyler Technologies’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, analysts predict that Tyler Technologies will post 3.93 earnings per share for the current fiscal year.
In other Tyler Technologies news, Director Luther King, Jr. sold 7,935 shares of the stock in a transaction dated Wednesday, May 12th. The shares were sold at an average price of $387.70, for a total transaction of $3,076,399.50. Following the sale, the director now directly owns 80,767 shares in the company, valued at $31,313,365.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman John S. Marr, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Monday, June 7th. The shares were sold at an average price of $408.30, for a total transaction of $4,083,000.00. Following the completion of the transaction, the chairman now directly owns 74,453 shares in the company, valued at $30,399,159.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,935 shares of company stock valued at $11,130,300. 2.70% of the stock is owned by company insiders.
About Tyler Technologies
Tyler Technologies, Inc provides integrated information management solutions and services for the public sector in the United States and internationally. The company operates in two segments, Enterprise Software, and Appraisal and Tax. It offers financial management solutions, including modular fund accounting systems for government agencies or not-for-profit entities; utility billing systems for the billing and collection of metered and non-metered services; products to automate city and county functions, such as municipal courts, parking tickets, equipment and project costing, animal and business licenses, permits and inspections, code enforcement, citizen complaint tracking, ambulance billing, fleet maintenance, and cemetery records management; and student information and transportation solutions for K-12 schools.
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