Tyler Technologies
Tyler Technologies, Inc. provides integrated information management solutions and services for the public sector in the United States and internationally. The last earnings update was 31 days ago. More info.
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TYL Share Price and Events
7 Day Returns
1 Year Returns
TYL Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Tyler Technologies (TYL) | -1.6% | -4.6% | 12.4% | -4% | 63.6% | 140.5% |
| US Software | 0.2% | 5% | 24.9% | 31.2% | 108.9% | 137.5% |
| US Market | -1.1% | 0.3% | 16.7% | 6.4% | 37.9% | 42.1% |
1 Year Return vs Industry and Market
- TYL underperformed the Software industry which returned 31.2% over the past year.
- TYL underperformed the Market in United States of America which returned 6.4% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Tyler Technologies
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Tyler Technologies.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 9 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.2% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Software Unlevered Beta | Simply Wall St/ S&P Global | 1.14 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.14 (1 + (1- 21%) (0%)) |
1.094 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.09 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.094 * 5.96%) |
9.25% |
Discounted Cash Flow Calculation for NYSE:TYL using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Tyler Technologies is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 9.25%) |
|
|---|---|---|---|
| 2019 | 230.24 | Analyst x6 | 210.75 |
| 2020 | 274.02 | Analyst x5 | 229.59 |
| 2021 | 308.05 | Est @ 12.42% | 236.26 |
| 2022 | 337.36 | Est @ 9.51% | 236.83 |
| 2023 | 362.58 | Est @ 7.48% | 233.00 |
| 2024 | 384.53 | Est @ 6.05% | 226.18 |
| 2025 | 403.98 | Est @ 5.06% | 217.51 |
| 2026 | 421.59 | Est @ 4.36% | 207.77 |
| 2027 | 437.90 | Est @ 3.87% | 197.55 |
| 2028 | 453.35 | Est @ 3.53% | 187.20 |
| Present value of next 10 years cash flows | $2,182.65 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $453.35 × (1 + 2.73%) ÷ (9.25% – 2.73%) |
$7,145.69 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $7,145.69 ÷ (1 + 9.25%)10 |
$2,950.70 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $2,182.65 + $2,950.70 |
$5,133.35 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $5,133.35 / 38.29 |
$134.05 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $134.05 |
| Current discount | Discount to share price of
$199.07
= -1 x ($199.07 - $134.05) / $134.05 |
-48.5% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Tyler Technologies is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Tyler Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Tyler Technologies's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $3.84 |
| NYSE:TYL Share Price ** | NYSE (2019-03-22) in USD | $199.07 |
| United States of America Software Industry PE Ratio | Median Figure of 84 Publicly-Listed Software Companies | 53.16x |
| United States of America Market PE Ratio | Median Figure of 3,061 Publicly-Listed Companies | 17.15x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Tyler Technologies.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:TYL Share Price ÷ EPS (both in USD) = 199.07 ÷ 3.84 |
51.9x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Tyler Technologies is good value based on earnings compared to the US Software industry average.
- Tyler Technologies is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Tyler Technologies's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 51.9x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts |
9.6%per year |
| United States of America Software Industry PEG Ratio | Median Figure of 66 Publicly-Listed Software Companies | 3.32x |
| United States of America Market PEG Ratio | Median Figure of 2,104 Publicly-Listed Companies | 1.45x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 51.9x ÷ 9.6% |
5.41x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Tyler Technologies is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Tyler Technologies's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $34.61 |
| NYSE:TYL Share Price * | NYSE (2019-03-22) in USD | $199.07 |
| United States of America Software Industry PB Ratio | Median Figure of 220 Publicly-Listed Software Companies | 5.62x |
| United States of America Market PB Ratio | Median Figure of 5,164 Publicly-Listed Companies | 1.84x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:TYL Share Price ÷ Book Value per Share (both in USD) = 199.07 ÷ 34.61 |
5.75x |
* Primary Listing of Tyler Technologies.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Tyler Technologies is overvalued based on assets compared to the US Software industry average.
Value checks
We assess Tyler Technologies's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Software industry average (and greater than 0)? (1 check) Tyler Technologies has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Tyler Technologies's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Tyler Technologies's earnings growth is positive but not above the United States of America market average.
- Tyler Technologies's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:TYL Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts | 9.6% |
| NYSE:TYL Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts | 12.6% |
| United States of America Software Industry Earnings Growth Rate | Market Cap Weighted Average | 16% |
| United States of America Software Industry Revenue Growth Rate | Market Cap Weighted Average | 10.9% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.2% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 9 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 1,206 | 315 | 178 | 7 |
| 2019-12-31 | 1,087 | 285 | 149 | 7 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 935 | 250 | 147 |
| 2018-09-30 | 911 | 233 | 176 |
| 2018-06-30 | 889 | 213 | 176 |
| 2018-03-31 | 862 | 192 | 169 |
| 2017-12-31 | 841 | 196 | 170 |
| 2017-09-30 | 816 | 194 | 135 |
| 2017-06-30 | 796 | 181 | 131 |
| 2017-03-31 | 776 | 199 | 124 |
| 2016-12-31 | 760 | 192 | 114 |
| 2016-09-30 | 722 | 204 | 87 |
| 2016-06-30 | 678 | 180 | 72 |
| 2016-03-31 | 635 | 178 | 66 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 9 Analyst Estimates (S&P Global) | See Below |
All data from Tyler Technologies Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 4.36 | 4.60 | 3.80 | 7.00 |
| 2019-12-31 | 3.69 | 3.90 | 3.58 | 8.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 3.84 |
| 2018-09-30 | 4.61 |
| 2018-06-30 | 4.65 |
| 2018-03-31 | 4.50 |
| 2017-12-31 | 4.55 |
| 2017-09-30 | 3.63 |
| 2017-06-30 | 3.56 |
| 2017-03-31 | 3.41 |
| 2016-12-31 | 3.12 |
| 2016-09-30 | 2.42 |
| 2016-06-30 | 2.03 |
| 2016-03-31 | 1.89 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Tyler Technologies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Tyler Technologies's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Tyler Technologies has a total score of 2/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Tyler Technologies performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Tyler Technologies has delivered over 20% year on year earnings growth in the past 5 years.
- Tyler Technologies's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Tyler Technologies's 1-year earnings growth is negative, it can't be compared to the US Software industry average.
Earnings and Revenue History
All data from Tyler Technologies Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 935.28 | 147.46 | 207.03 | 63.26 |
| 2018-09-30 | 910.77 | 176.48 | 198.57 | 57.95 |
| 2018-06-30 | 889.40 | 176.39 | 190.48 | 52.73 |
| 2018-03-31 | 862.11 | 169.00 | 181.80 | 48.77 |
| 2017-12-31 | 840.90 | 169.57 | 175.91 | 47.32 |
| 2017-09-30 | 816.48 | 134.57 | 172.46 | 47.10 |
| 2017-06-30 | 796.27 | 131.17 | 169.95 | 46.34 |
| 2017-03-31 | 776.48 | 124.40 | 169.18 | 44.80 |
| 2016-12-31 | 759.88 | 113.70 | 165.18 | 43.15 |
| 2016-09-30 | 721.68 | 87.28 | 161.61 | 39.98 |
| 2016-06-30 | 678.03 | 71.99 | 151.47 | 36.10 |
| 2016-03-31 | 635.35 | 65.82 | 139.63 | 32.87 |
| 2015-12-31 | 591.02 | 64.87 | 127.42 | 29.92 |
| 2015-09-30 | 559.55 | 71.57 | 118.94 | 27.92 |
| 2015-06-30 | 537.37 | 68.43 | 114.42 | 27.30 |
| 2015-03-31 | 515.44 | 64.33 | 111.44 | 26.58 |
| 2014-12-31 | 493.10 | 58.94 | 108.26 | 25.74 |
| 2014-09-30 | 476.40 | 54.14 | 106.22 | 25.22 |
| 2014-06-30 | 454.75 | 48.18 | 103.46 | 24.64 |
| 2014-03-31 | 433.47 | 42.49 | 101.01 | 23.84 |
| 2013-12-31 | 416.64 | 39.10 | 98.29 | 23.27 |
| 2013-09-30 | 401.28 | 37.97 | 94.96 | 22.54 |
| 2013-06-30 | 388.10 | 37.75 | 91.29 | 20.83 |
| 2013-03-31 | 376.38 | 35.81 | 88.02 | 20.64 |
| 2012-12-31 | 363.30 | 32.99 | 86.71 | 20.14 |
| 2012-09-30 | 350.02 | 32.32 | 85.08 | 17.41 |
| 2012-06-30 | 333.35 | 28.99 | 82.93 | 17.33 |
| 2012-03-31 | 318.72 | 27.51 | 79.70 | 16.96 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Tyler Technologies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Tyler Technologies used its assets more efficiently than the US Software industry average last year based on Return on Assets.
- Tyler Technologies's use of capital has not improved over the past 3 years (Return on Capital Employed).
Past performance checks
We assess Tyler Technologies's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Tyler Technologies has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Tyler Technologies's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Tyler Technologies's finances.
The net worth of a company is the difference between its assets and liabilities.
- Tyler Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Tyler Technologies's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Tyler Technologies has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Tyler Technologies Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 1,324.85 | 0.00 | 178.59 |
| 2018-09-30 | 1,422.13 | 0.00 | 271.80 |
| 2018-06-30 | 1,340.29 | 0.00 | 152.71 |
| 2018-03-31 | 1,261.21 | 0.00 | 276.47 |
| 2017-12-31 | 1,191.74 | 0.00 | 229.09 |
| 2017-09-30 | 1,077.78 | 0.00 | 164.51 |
| 2017-06-30 | 1,017.60 | 0.00 | 79.78 |
| 2017-03-31 | 966.84 | 0.00 | 83.79 |
| 2016-12-31 | 915.53 | 10.00 | 56.42 |
| 2016-09-30 | 882.26 | 34.00 | 47.08 |
| 2016-06-30 | 829.31 | 135.00 | 63.97 |
| 2016-03-31 | 791.99 | 140.00 | 53.67 |
| 2015-12-31 | 858.86 | 66.00 | 46.51 |
| 2015-09-30 | 431.10 | 0.00 | 247.74 |
| 2015-06-30 | 400.62 | 0.00 | 204.10 |
| 2015-03-31 | 366.39 | 0.00 | 194.72 |
| 2014-12-31 | 336.97 | 0.00 | 206.17 |
| 2014-09-30 | 295.99 | 0.00 | 157.43 |
| 2014-06-30 | 266.48 | 0.00 | 88.89 |
| 2014-03-31 | 266.70 | 0.00 | 97.15 |
| 2013-12-31 | 246.32 | 0.00 | 78.88 |
| 2013-09-30 | 207.63 | 0.00 | 52.12 |
| 2013-06-30 | 180.16 | 0.00 | 3.07 |
| 2013-03-31 | 160.20 | 0.00 | 4.50 |
| 2012-12-31 | 145.30 | 18.00 | 6.41 |
| 2012-09-30 | 118.01 | 28.00 | 0.10 |
| 2012-06-30 | 99.61 | 65.70 | 0.36 |
| 2012-03-31 | 87.75 | 56.00 | 9.93 |
- Tyler Technologies has no debt.
- Tyler Technologies had no debt 5 years ago.
- Tyler Technologies has no debt, it does not need to be covered by operating cash flow.
- Tyler Technologies has no debt, therefore coverage of interest payments is not a concern.
Financial health checks
We assess Tyler Technologies's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Tyler Technologies has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Tyler Technologies's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Tyler Technologies
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Tyler Technologies's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Tyler Technologies's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 9 Analyst Estimates (S&P Global) | See Below |
| United States of America Software Industry Average Dividend Yield | Market Cap Weighted Average of 24 Stocks | 1.6% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2003 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.9% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | ||
| 2019-12-31 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Tyler Technologies has not reported any payouts.
- Unable to verify if Tyler Technologies's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Tyler Technologies's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Tyler Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Tyler Technologies has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $3,728,423 |
| AGE | 50 |
| TENURE AS CEO | 0.8 years |
CEO Bio
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 Technologies, Inc. since February 2008 until December 2016 and General Counsel since September 1998 until December 2016 as well as Secretary since October 2000 until December 2016. He served as Vice President of Tyler Technologies, Inc. from October 2000 to February 2008. From August 1992 to August 1998, he was associated with the law firm of Hughes & Luce, L.L.P. in Dallas, Texas where he represented numerous publicly-held and privately-owned entities in various corporate and securities, finance, litigation and other legal related matters. He has been a Director of Tyler Technologies, Inc. since May 10, 2017. Mr. Moore is a member of the State Bar of Texas. Mr. Moore joined Tyler in 1998. He is a graduate of Georgetown University and the University of Texas School of Law.
CEO Compensation
- H.'s compensation has increased by more than 20% in the past year.
- H.'s remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Tyler Technologies management team in years:
- The average tenure for the Tyler Technologies management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
John Marr
Executive Chairman of the Board
$4M
58
H. Moore
CEO, President & Director
$4M
50
0.8 yrs
Brian Miller
Executive VP
$3M
59
13.8 yrs
W. Smith
Chief Accounting Officer
53
13 yrs
Jeff Green
Chief Technology Officer
Matt Bieri
Chief Information Officer
9.2 yrs
Abby Diaz
Chief Legal Officer & Corporate Secretary
2.2 yrs
Brett Cate
Chief Sales Officer
Samantha Crosby
Chief Marketing Officer
Kelley Shimansky
Chief Human Resources Officer
0.9 yrs
Board of Directors Tenure
Average tenure and age of the Tyler Technologies board of directors in years:
- The tenure for the Tyler Technologies board of directors is about average.
Board of Directors
John Marr
Executive Chairman of the Board
$4M
58
2.2 yrs
H. Moore
CEO, President & Director
$4M
50
1.8 yrs
Dustin Womble
President of Local Government Division and Director
$3M
59
13.8 yrs
John King
Independent Director
$318K
78
14.8 yrs
Glenn Carter
Independent Director
$310K
62
4.8 yrs
Brenda Cline
Independent Director
$328K
57
4.8 yrs
Donald Brattain
Lead Director
$319K
77
2.2 yrs
Daniel Pope
Independent Director
$307K
55
2.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 07. Nov 18 | Sell | Luther King Capital Management Corporation | Company | 01. Nov 18 | 01. Nov 18 | -275 | $193.29 | $-53,154 | ||
| 17. Sep 18 | Sell | Brian Miller | Individual | 13. Sep 18 | 14. Sep 18 | -5,652 | $250.09 | $-1,410,975 | ||
| 18. Jun 18 | Sell | Brian Miller | Individual | 15. Jun 18 | 15. Jun 18 | -3,460 | $234.83 | $-812,509 | ||
| 18. Jun 18 | Sell | H. Moore | Individual | 15. Jun 18 | 15. Jun 18 | -3,460 | $235.22 | $-813,876 | ||
| 16. May 18 | Sell | John Marr | Individual | 14. May 18 | 14. May 18 | -15,000 | $231.35 | $-3,455,850 | ||
| 11. May 18 | Sell | Donald Brattain | Individual | 10. May 18 | 10. May 18 | -1,500 | $229.05 | $-343,575 | ||
Management checks
We assess Tyler Technologies's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Tyler Technologies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Why We Like Tyler Technologies, Inc.’s (NYSE:TYL) 11% Return On Capital Employed
In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.
Simply Wall St - – Full articleThe Tyler Technologies Share Price Has Gained 124%, So Why Not Pay It Some Attention?
But on the bright side, if you buy shares in a high quality company at the right price, you can gain well over 100%. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Over half a decade, Tyler Technologies managed to grow its earnings per share at 26% a year.
Simply Wall St - – Full articleWho Has Been Selling Tyler Technologies, Inc. (NYSE:TYL) Shares?
So shareholders might well want to know whether insiders have been buying or selling shares in Tyler Technologies, Inc. … Tyler Technologies Insider Transactions Over The Last Year. … So we know that an insider sold shares at around the present share price of US$210
Simply Wall St - – Full articleHave You Considered This Before Investing In Tyler Technologies, Inc. (NYSE:TYL)?
I will take you through Tyler Technologies’s cash flow health and the risk-return concept based on the stock’s cash flow yield, using the most recent financial data. … What is Tyler Technologies's cash yield. … Tyler Technologies’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure
Simply Wall St - – Full articleWhat You Must Know About Tyler Technologies, Inc.'s (NYSE:TYL) Financial Health
Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as Tyler Technologies, Inc. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis. … View our latest analysis for Tyler Technologies.
Simply Wall St - – Full articleHow Did Tyler Technologies, Inc.'s (NYSE:TYL) 12% ROE Fare Against The Industry?
Our data shows Tyler Technologies has a return on equity of 12% for the last year. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.12 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleWhen Should You Buy Tyler Technologies, Inc. (NYSE:TYL)?
received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to $249.27 at one point, and dropping to the lows of $177.18. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … A question to answer is whether Tyler Technologies's current trading price of $177.18 reflective of the actual value of the?
Simply Wall St - – Full articleHas Tyler Technologies Inc (NYSE:TYL) Improved Earnings Growth In Recent Times?
Examining Tyler Technologies Inc's (NYSE:TYL) past track record of performance is a valuable exercise for investors. … Below, I will assess TYL's latest performance announced on 30 September 2018 and weigh these figures against its longer term trend and industry movements. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 32%, indicating the rate at which TYL is growing has slowed down
Simply Wall St - – Full articleWhat Should You Know About Tyler Technologies Inc's (NYSE:TYL) Return On Capital?
and want to better understand how you can grow your money by investing in Tyler Technologies Inc (NYSE:TYL). … Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … Thus, to understand how your money can grow by investing in Tyler Technologies, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)
Simply Wall St - – Full articleDoes Tyler Technologies Inc's (NYSE:TYL) P/E Ratio Signal A Buying Opportunity?
We'll show how you can use Tyler Technologies Inc's (NYSE:TYL) P/E ratio to inform your assessment of the investment opportunity. … Tyler Technologies has a P/E ratio of 40.84, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleCompany Info
Description
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 was founded in 1966 and is based in Plano, Texas.
Details
| Name: | Tyler Technologies, Inc. |
| TYL | |
| Exchange: | NYSE |
| Founded: | 1966 |
| $7,622,987,510 | |
| 38,293,000 | |
| Website: | http://www.tylertech.com |
| Address: |
Tyler Technologies, Inc. 5101 Tennyson Parkway, Plano, Texas, 75024, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | TYL | Common Stock | New York Stock Exchange | US | USD | 11. Feb 1969 | |
| DB | TYP | Common Stock | Deutsche Boerse AG | DE | EUR | 11. Feb 1969 |
Number of employees
Current staff
Industry
| Application Software | |
| Software |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/23 23:44 |
| End of day share price update: | 2019/03/22 00:00 |
| Last estimates confirmation: | 2019/03/22 |
| Last earnings filing: | 2019/02/20 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
