Tyler Technologies
Market Cap
US$18.8b
Last Updated
2021/02/28 23:49 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. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 9.6% per year for the next 3 years
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
| TYL | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.2% | -6.3% | -3.6% |
| 30 Day | 9.6% | -0.2% | 2.7% |
| 90 Day | 8.4% | 4.8% | 7.5% |
| 1 Year | 47.9%47.9% | 52.0%51.0% | 39.5%36.5% |
| 3 Year | 123.8%123.8% | 129.6%122.8% | 53.5%43.6% |
| 5 Year | 275.1%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
2 weeks ago | Simply Wall St
Tyler Technologies, Inc.'s (NYSE:TYL) Stock Has Shown A Decent Performance: Have Financials A Role To Play?1 month ago | Simply Wall St
Returns On Capital At Tyler Technologies (NYSE:TYL) Paint An Interesting Picture2 months ago | Simply Wall St
If You Had Bought Tyler Technologies (NYSE:TYL) Shares Five Years Ago You'd Have Earned 159% ReturnsValuation
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 4.08yrs | US$3.15m | 0.38% $ 70.9m | |
| CEO, President & Director | 2.75yrs | US$4.19m | 0.16% $ 29.8m | |
| Executive VP | 15.75yrs | US$2.89m | 0.12% $ 22.0m | |
| Chief Operating Officer | no data | no data | no data | |
| Chief Accounting Officer | 14.92yrs | no data | no data | |
| Chief Technology Officer | no data | no data | no data | |
| Chief Information Officer | 11.08yrs | no data | no data | |
| Chief Legal Officer & Corporate Secretary | 4.08yrs | no data | no data | |
| Chief Sales Officer | no data | no data | no data | |
| Chief Marketing Officer | no data | no data | no data | |
| Chief Human Resources Officer | 2.83yrs | no data | no data | |
| President of Justice Group | 12.25yrs | no data | no 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 4.08yrs | US$3.15m | 0.38% $ 70.9m | |
| CEO, President & Director | 2.75yrs | US$4.19m | 0.16% $ 29.8m | |
| Independent Director | 16.75yrs | US$337.62k | 0.20% $ 37.1m | |
| Independent Lead Director | 4.08yrs | US$324.12k | 0.016% $ 3.0m | |
| Independent Director | 6.75yrs | US$339.12k | 0.0080% $ 1.5m | |
| Independent Director | 15.75yrs | US$290.37k | 0.34% $ 63.6m | |
| Independent Director | 6.75yrs | US$322.12k | 0.0012% $ 231.3k | |
| Independent Director | 0.75yr | no data | no data | |
| Independent Director | 4.75yrs | US$305.62k | 0.0066% $ 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
| 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 S...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/28 23:49 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.