Tyler Technologies
Market Cap
US$12.9b
Last Updated
2020/02/20 01:13 UTC
Data Sources
Company Financials +
Executive Summary
Tyler Technologies, Inc. provides integrated information management solutions and services for the public sector in the United States and internationally.
Rewards
Risk Analysis
No risks detected for TYL from our risk checks.
Snowflake Analysis
Flawless balance sheet with limited growth.
Similar Companies
Share Price & News
How has Tyler Technologies's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TYL has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.8%
TYL
1.7%
US Software
0.5%
US Market
1 Year Return
58.9%
TYL
42.9%
US Software
20.3%
US Market
Return vs Industry: TYL exceeded the US Software industry which returned 42.9% over the past year.
Return vs Market: TYL exceeded the US Market which returned 20.3% over the past year.
Shareholder returns
| TYL | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.8% | 1.7% | 0.5% |
| 30 Day | 6.7% | 8.6% | 2.0% |
| 90 Day | 15.5% | 19.4% | 9.4% |
| 1 Year | 58.9%58.9% | 44.4%42.9% | 22.8%20.3% |
| 3 Year | 114.8%114.8% | 154.9%144.1% | 50.1%40.4% |
| 5 Year | 176.4%176.4% | 223.7%200.6% | 73.1%54.1% |
Price Volatility Vs. Market
How volatile is Tyler Technologies's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
Tyler Technologies, Inc. Just Reported And Analysts Have Been Lifting Their Price Targets1 week ago | Simply Wall St
A Closer Look At Tyler Technologies, Inc.'s (NYSE:TYL) Uninspiring ROE1 month ago | Simply Wall St
If You Had Bought Tyler Technologies (NYSE:TYL) Shares Five Years Ago You'd Have Made 185%Valuation
Is Tyler Technologies undervalued compared to its fair value and its price relative to the market?
87.44x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TYL ($331.59) is trading above our estimate of fair value ($174.46)
Significantly Below Fair Value: TYL is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TYL is poor value based on its PE Ratio (87.4x) compared to the Software industry average (50x).
PE vs Market: TYL is poor value based on its PE Ratio (87.4x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: TYL is poor value based on its PEG Ratio (6.6x)
Price to Book Ratio
PB vs Industry: TYL is overvalued based on its PB Ratio (8x) compared to the US Software industry average (6x).
Next Steps
Future Growth
How is Tyler Technologies forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
13.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TYL's forecast earnings growth (13.2% per year) is above the savings rate (1.7%).
Earnings vs Market: TYL's earnings (13.2% per year) are forecast to grow slower than the US market (14.2% per year).
High Growth Earnings: TYL's earnings are forecast to grow, but not significantly.
Revenue vs Market: TYL's revenue (9.3% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: TYL's revenue (9.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TYL's Return on Equity is forecast to be low in 3 years time (8.3%).
Next Steps
Past Performance
How has Tyler Technologies performed over the past 5 years?
19.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TYL has high quality earnings.
Growing Profit Margin: TYL's current net profit margins (13.5%) are lower than last year (15.8%).
Past Earnings Growth Analysis
Earnings Trend: TYL's earnings have grown by 19.2% per year over the past 5 years.
Accelerating Growth: TYL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TYL had negative earnings growth (-0.6%) over the past year, making it difficult to compare to the Software industry average (18.4%).
Return on Equity
High ROE: TYL's Return on Equity (9.1%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Tyler Technologies's financial position?
Financial Position Analysis
Short Term Liabilities: TYL's short term assets ($679.7M) exceed its short term liabilities ($509.1M).
Long Term Liabilities: TYL's short term assets ($679.7M) exceed its long term liabilities ($65.5M).
Debt to Equity History and Analysis
Debt Level: TYL is debt free.
Reducing Debt: TYL had no debt 5 years ago.
Debt Coverage: TYL has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TYL has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: TYL has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if TYL's debt is covered by short term assets.
Next Steps
Dividend
What is Tyler Technologies's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TYL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate TYL's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if TYL's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TYL's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TYL's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
12.0yrs
Average management tenure
CEO
H. Moore (51yo)
1.8yrs
Tenure
US$19,835,252
Compensation
Mr. H. Lynn Moore, Jr., has been President of Tyler Technologies, Inc. since January 2017 and has been its Chief Executive Officer since May 10, 2018. Mr. Moore served as Executive Vice President at Tyler ...
CEO Compensation Analysis
Compensation vs Market: H.'s total compensation ($USD19.84M) is above average for companies of similar size in the US market ($USD10.78M).
Compensation vs Earnings: H.'s compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 3.1yrs | US$19.42m | 0.66% $85.6m | |
| CEO, President & Director | 1.8yrs | US$19.84m | 0.16% $21.1m | |
| Executive VP | 14.8yrs | US$8.33m | 0.12% $15.5m | |
| Director | 14.8yrs | no data | 0.42% $54.9m | |
| Chief Accounting Officer | 13.9yrs | no data | no data | |
| Chief Technology Officer | 0yrs | no data | no data | |
| Chief Information Officer | 10.1yrs | no data | no data | |
| Chief Legal Officer & Corporate Secretary | 3.1yrs | no data | no data | |
| Chief Sales Officer | 0yrs | no data | no data | |
| Chief Marketing Officer | 0yrs | no data | no data |
12.0yrs
Average Tenure
59yo
Average Age
Experienced Management: TYL's management team is seasoned and experienced (12 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 3.1yrs | US$19.42m | 0.66% $85.6m | |
| CEO, President & Director | 1.8yrs | US$19.84m | 0.16% $21.1m | |
| Director | 14.8yrs | no data | 0.42% $54.9m | |
| Independent Director | 15.8yrs | US$325.04k | 0.21% $27.5m | |
| Lead Director | 3.1yrs | US$314.79k | 0.029% $3.7m | |
| Independent Director | 5.8yrs | US$328.79k | 0.0054% $695.5k | |
| Independent Director | 5.8yrs | US$312.54k | 0.0020% $257.3k | |
| Independent Director | 3.8yrs | US$300.54k | 0.0028% $364.6k |
4.8yrs
Average Tenure
59.5yo
Average Age
Experienced Board: TYL's board of directors are considered experienced (4.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TYL insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Tyler Technologies, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Tyler Technologies, Inc.
- Ticker: TYL
- Exchange: NYSE
- Founded: 1966
- Industry: Application Software
- Sector: Software
- Market Cap: US$12.928b
- Shares outstanding: 38.99m
- Website: https://www.tylertech.com
Number of Employees
Location
- Tyler Technologies, Inc.
- 5101 Tennyson Parkway
- Plano
- Texas
- 75024
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TYL | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Feb 1969 |
| TYP | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Feb 1969 |
| TYL * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Feb 1969 |
Biography
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. The company also provides a suite of judicial solutions comprising court case management, court and law enforcement, prosecutor, and supervision systems to handle multi-jurisdictional county or statewide implementations, and single county systems; public safety software solutions; systems and software to automate the appraisal and assessment of real and personal property, as well as tax applications for agencies that bill and collect taxes; planning, regulatory, and maintenance software solutions for public sector agencies; software applications to enhance and automate land and other records and document management; and data and insights solutions. In addition, it offers software as a service arrangements and electronic document filing solutions for courts and law offices; software and hardware installation, data conversion, training, product modification, and maintenance and support services; and property appraisal outsourcing services for taxing jurisdictions. The company has a strategic collaboration agreement with Amazon Web Services for cloud hosting services. The company was founded in 1966 and is based in Plano, Texas.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/20 01:13 |
| End of Day Share Price | 2020/02/19 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.