NYSE:TYL

Stock Analysis Report

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Executive Summary

Tyler Technologies, Inc. provides integrated information management solutions and services for the public sector in the United States and internationally. More Details


Snowflake Analysis

Flawless balance sheet with solid track record.


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 is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: TYL's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-2.2%

TYL

-6.3%

US Software

-3.6%

US Market


1 Year Return

47.9%

TYL

51.0%

US Software

36.5%

US Market

Return vs Industry: TYL underperformed the US Software industry which returned 51% over the past year.

Return vs Market: TYL exceeded the US Market which returned 36.4% over the past year.


Shareholder returns

TYLIndustryMarket
7 Day-2.2%-6.3%-3.6%
30 Day9.6%-0.2%2.7%
90 Day8.4%4.8%7.5%
1 Year47.9%47.9%52.0%51.0%39.5%36.5%
3 Year123.8%123.8%129.6%122.8%53.5%43.6%
5 Year275.1%275.1%285.6%265.1%117.5%93.2%

Long-Term 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

Valuation

Is Tyler Technologies undervalued compared to its fair value and its price relative to the market?

95.23x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TYL ($463.42) is trading above our estimate of fair value ($186)

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 (95.2x) compared to the US Software industry average (48.3x).

PE vs Market: TYL is poor value based on its PE Ratio (95.2x) compared to the US market (21.3x).


Price to Earnings Growth Ratio

PEG Ratio: TYL's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: TYL is overvalued based on its PB Ratio (9.5x) compared to the US Software industry average (9.3x).


Next Steps

Future Growth

How is Tyler Technologies forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

-9.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TYL's earnings are forecast to decline over the next 3 years (-9.6% per year).

Earnings vs Market: TYL's earnings are forecast to decline over the next 3 years (-9.6% per year).

High Growth Earnings: TYL's earnings are forecast to decline over the next 3 years.

Revenue vs Market: TYL's revenue (8.1% per year) is forecast to grow slower than the US market (10.4% per year).

High Growth Revenue: TYL's revenue (8.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if TYL's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Tyler Technologies performed over the past 5 years?

15.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TYL has high quality earnings.

Growing Profit Margin: TYL's current net profit margins (17.4%) are higher than last year (13.5%).


Past Earnings Growth Analysis

Earnings Trend: TYL's earnings have grown by 15.2% per year over the past 5 years.

Accelerating Growth: TYL's earnings growth over the past year (32.8%) exceeds its 5-year average (15.2% per year).

Earnings vs Industry: TYL earnings growth over the past year (32.8%) exceeded the Software industry 16%.


Return on Equity

High ROE: TYL's Return on Equity (9.8%) is considered low.


Next Steps

Financial Health

How is Tyler Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: TYL's short term assets ($1.1B) exceed its short term liabilities ($564.3M).

Long Term Liabilities: TYL's short term assets ($1.1B) exceed its long term liabilities ($56.9M).


Debt to Equity History and Analysis

Debt Level: TYL is debt free.

Reducing Debt: TYL has no debt compared to 5 years ago when its debt to equity ratio was 7.9%.

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


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 recent payouts.

High Dividend: Unable to evaluate TYL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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?

11.1yrs

Average management tenure


CEO

H. Moore (52 yo)

2.75yrs

Tenure

US$4,191,130

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 ($USD4.19M) is below average for companies of similar size in the US market ($USD10.55M).

Compensation vs Earnings: H.'s compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
John Marr
Executive Chairman of the Board4.08yrsUS$3.15m0.38%
$ 70.9m
H. Moore
CEO, President & Director2.75yrsUS$4.19m0.16%
$ 29.8m
Brian Miller
Executive VP15.75yrsUS$2.89m0.12%
$ 22.0m
Jeff Puckett
Chief Operating Officerno datano datano data
W. Smith
Chief Accounting Officer14.92yrsno datano data
Jeff Green
Chief Technology Officerno datano datano data
Matthew Bieri
Chief Information Officer11.08yrsno datano data
Abigail Diaz
Chief Legal Officer & Corporate Secretary4.08yrsno datano data
Brett Cate
Chief Sales Officerno datano datano data
Samantha Crosby
Chief Marketing Officerno datano datano data
Kelley Shimansky
Chief Human Resources Officer2.83yrsno datano data
Bret Dixon
President of Justice Group12.25yrsno datano data

11.1yrs

Average Tenure

57.5yo

Average Age

Experienced Management: TYL's management team is seasoned and experienced (11.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
John Marr
Executive Chairman of the Board4.08yrsUS$3.15m0.38%
$ 70.9m
H. Moore
CEO, President & Director2.75yrsUS$4.19m0.16%
$ 29.8m
John King
Independent Director16.75yrsUS$337.62k0.20%
$ 37.1m
Donald Brattain
Independent Lead Director4.08yrsUS$324.12k0.016%
$ 3.0m
Brenda Cline
Independent Director6.75yrsUS$339.12k0.0080%
$ 1.5m
Dustin Womble
Independent Director15.75yrsUS$290.37k0.34%
$ 63.6m
Glenn Carter
Independent Director6.75yrsUS$322.12k0.0012%
$ 231.3k
Mary Landrieu
Independent Director0.75yrno datano data
Daniel Pope
Independent Director4.75yrsUS$305.62k0.0066%
$ 1.2m

4.8yrs

Average Tenure

61yo

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 been diluted in the past year, with total shares outstanding growing by 3%.


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$18.804b
  • Shares outstanding: 40.58m
  • Website: https://www.tylertech.com

Number of Employees


Location

  • Tyler Technologies, Inc.
  • 5101 Tennyson Parkway
  • Plano
  • Texas
  • 75024
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TYLNYSE (New York Stock Exchange)YesCommon StockUSUSDFeb 1969
TYPDB (Deutsche Boerse AG)YesCommon StockDEEURFeb 1969
TYL *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNFeb 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 S...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/28 23:49
End of Day Share Price2021/02/26 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.