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NYSE:TYL

Tyler Technologies (TYL) Stock Price, News & Analysis

Tyler Technologies logo
$605.42 +11.82 (+1.99%)
(As of 12/20/2024 05:31 PM ET)

About Tyler Technologies Stock (NYSE:TYL)

Key Stats

Today's Range
$592.13
$607.83
50-Day Range
$582.22
$635.69
52-Week Range
$397.80
$638.56
Volume
516,531 shs
Average Volume
237,251 shs
Market Capitalization
$25.91 billion
P/E Ratio
110.48
Dividend Yield
N/A
Price Target
$642.62
Consensus Rating
Moderate Buy

Company Overview

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. It also provides public administration solutions, such as civic services; financial applications with human resources, revenue management, tax billing, utilities, asset management, and payment processing; property and recording service that manages appraisal services, valuation, tax billing and collections, assessment administration, and land and official records; and permitting, licensing, and regulatory management solutions. In addition, the company offers courts and public safety solutions; school ERP and student transportation solutions for K-12 schools; and health and human services solutions. Further, the company offers software as a service arrangements and electronic document filing solutions for courts; software and hardware installation, data conversion, training, product modification, and maintenance and support services; and property appraisal outsourcing services for taxing jurisdictions. Tyler Technologies, Inc. has a strategic collaboration agreement with Amazon Web Services for cloud hosting services. The company was founded in 1966 and is headquartered in Plano, Texas.

Tyler Technologies Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
92nd Percentile Overall Score

TYL MarketRank™: 

Tyler Technologies scored higher than 92% of companies evaluated by MarketBeat, and ranked 77th out of 653 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Tyler Technologies has received a consensus rating of Moderate Buy. The company's average rating score is 2.86, and is based on 12 buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Tyler Technologies has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Tyler Technologies' stock forecast and price target.
  • Earnings Growth

    Earnings for Tyler Technologies are expected to grow by 18.61% in the coming year, from $7.36 to $8.73 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Tyler Technologies is 110.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.42.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Tyler Technologies is 110.48, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 238.11.

  • Price to Earnings Growth Ratio

    Tyler Technologies has a PEG Ratio of 5.54. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Tyler Technologies has a P/B Ratio of 8.68. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    2.03% of the outstanding shares of Tyler Technologies have been sold short.
  • Short Interest Ratio / Days to Cover

    Tyler Technologies has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Tyler Technologies has recently increased by 25.97%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Tyler Technologies does not currently pay a dividend.

  • Dividend Growth

    Tyler Technologies does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    2.03% of the outstanding shares of Tyler Technologies have been sold short.
  • Short Interest Ratio / Days to Cover

    Tyler Technologies has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Tyler Technologies has recently increased by 25.97%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Tyler Technologies has a news sentiment score of 0.72. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 16 news articles for Tyler Technologies this week, compared to 12 articles on an average week.
  • Search Interest

    4 people have searched for TYL on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
  • MarketBeat Follows

    13 people have added Tyler Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 86% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Tyler Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $26,096,928.00 in company stock.

  • Percentage Held by Insiders

    Only 2.20% of the stock of Tyler Technologies is held by insiders.

  • Percentage Held by Institutions

    93.30% of the stock of Tyler Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Tyler Technologies' insider trading history.
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TYL Stock News Headlines

⭕ [URGENT] Buy Alert just triggered
My absolute favorite stock just hit a critical "buy now" trigger price.
See More Headlines

TYL Stock Analysis - Frequently Asked Questions

Tyler Technologies' stock was trading at $418.12 on January 1st, 2024. Since then, TYL stock has increased by 44.8% and is now trading at $605.42.
View the best growth stocks for 2024 here
.

Tyler Technologies, Inc. (NYSE:TYL) issued its quarterly earnings data on Wednesday, October, 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.43 by $0.09. Tyler Technologies's revenue was up 9.8% on a year-over-year basis.
Read the conference call transcript
.

Top institutional shareholders of Tyler Technologies include State Street Corp (4.09%), Principal Financial Group Inc. (3.02%), Geode Capital Management LLC (2.59%) and Franklin Resources Inc. (2.13%). Insiders that own company stock include H Lynn Moore Jr, Dustin R Womble, Brian K Miller, John S Marr Jr, Jeffrey David Puckett, Daniel M Pope, Glenn A Carter, Mary L Landrieu and Brenda A Cline.
View institutional ownership trends
.

Shares of TYL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Tyler Technologies investors own include NVIDIA (NVDA), Invesco QQQ (QQQ), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Adobe (ADBE) and ServiceNow (NOW).

Company Calendar

Last Earnings
10/23/2024
Today
12/22/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Application Software
CUSIP
90225210
Employees
7,300
Year Founded
1966

Price Target and Rating

Average Stock Price Target
$642.62
High Stock Price Target
$705.00
Low Stock Price Target
$526.00
Potential Upside/Downside
+6.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
14 Analysts

Profitability

Net Income
$165.92 million
Pretax Margin
13.29%

Debt

Sales & Book Value

Annual Sales
$2.08 billion
Cash Flow
$9.84 per share
Book Value
$69.75 per share

Miscellaneous

Free Float
41,857,000
Market Cap
$25.91 billion
Optionable
Optionable
Beta
0.76

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This page (NYSE:TYL) was last updated on 12/22/2024 by MarketBeat.com Staff
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