Tyler Technologies
Market Cap
US$10.2b
Last Updated
2019/10/21 23:42 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.
Snowflake
Fundamentals
Reasonable growth potential with adequate balance sheet.
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
Market Performance
7 Day Return
-1.9%
TYL
-2.7%
US Software
1.0%
US Market
1 Year Return
24.7%
TYL
19.2%
US Software
8.0%
US Market
Return vs Industry: TYL exceeded the US Software industry which returned 19.2% over the past year.
Return vs Market: TYL exceeded the US Market which returned 8% over the past year.
Shareholder returns
| TYL | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.9% | -2.7% | 1.0% |
| 30 Day | 1.9% | -2.7% | -0.07% |
| 90 Day | 20.0% | -7.0% | -1.0% |
| 1 Year | 24.7%24.7% | 21.0%19.2% | 10.4%8.0% |
| 3 Year | 58.3%58.3% | 111.2%102.7% | 46.2%36.7% |
| 5 Year | 151.0%151.0% | 164.9%145.8% | 64.3%46.2% |
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 weeks ago | Simply Wall St
Is Tyler Technologies, Inc.'s (NYSE:TYL) High P/E Ratio A Problem For Investors?1 month ago | Simply Wall St
If You Had Bought Tyler Technologies (NYSE:TYL) Shares Five Years Ago You'd Have Made 189%2 months ago | Simply Wall St
This Insider Has Just Sold Shares In Tyler Technologies, Inc. (NYSE:TYL)Valuation
Is Tyler Technologies undervalued compared to its fair value and its price relative to the market?
78.01x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TYL ($263.28) is trading above our estimate of fair value ($120.38)
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 (78x) compared to the Software industry average (45.8x).
PE vs Market: TYL is poor value based on its PE Ratio (78x) compared to the US market (17.6x).
Price to Earnings Growth Ratio
PEG Ratio: TYL is poor value based on its PEG Ratio (3.4x)
Price to Book Ratio
PB vs Industry: TYL is overvalued based on its PB Ratio (7.1x) compared to the US Software industry average (5.3x).
Next Steps
Future Growth
How is Tyler Technologies forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
22.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TYL's forecast earnings growth (22.7% per year) is above the savings rate (2.7%).
Earnings vs Market: TYL's earnings (22.7% per year) are forecast to grow faster than the US market (14.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: TYL's revenue (10.6% per year) is forecast to grow faster than the US market (7.2% per year).
High Growth Revenue: TYL's revenue (10.6% 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?
24.2%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: TYL's earnings have grown significantly by 24.2% 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 (-28.7%) over the past year, making it difficult to compare to the Software industry average (19.1%).
Return on Equity
High ROE: TYL's Return on Equity (9.1%) is considered low.
Return on Assets
ROA vs Industry: TYL has a higher Return on Assets than the Software industry average last year.
Return on Capital Employed
ROCE Improving: TYL's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Tyler Technologies's financial position?
Financial Position Analysis
Short Term Liabilities: TYL's short term assets ($453.6M) do not cover its short term liabilities ($453.7M)
Long Term Liabilities: TYL's short term assets (453.6M) exceeds its long term liabilities (74.1M)
Debt to Equity History and Analysis
Debt Level: TYL's debt to equity ratio (1.1%) is considered satisfactory
Reducing Debt: Insufficient data to determine if TYL's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: TYL's debt is well covered by operating cash flow (1542.8%).
Interest Coverage: TYL's interest payments on its debt are well covered by EBIT (193.7x coverage).
Balance Sheet
Inventory Level: TYL has a low level of unsold assets or inventory.
Debt Coverage by Assets: TYL's debt is covered by short term assets (assets are 30.238000x debt).
Next Steps
Dividend
What is Tyler Technologies's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
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.
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
What is the CEO of Tyler Technologies's salary, the management and board of directors tenure and is there insider trading?
11.7yrs
Average management tenure
CEO
H. Moore (51yo)
1.4yrs
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. has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.
Compensation vs Earnings: H.'s compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Management Age and Tenure
11.7yrs
Average Tenure
59yo
Average Age
Experienced Management: TYL's management team is seasoned and experienced (11.7 years average tenure).
Board Age and Tenure
4.4yrs
Average Tenure
59.5yo
Average Age
Experienced Board: TYL's board of directors are considered experienced (4.4 years average tenure).
Insider Trading
Insider Buying: TYL insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 300 |
| Max Price | US$258.44 |
| Entity | Individual |
| Role | Chairman of the Board Executive Chairman of the Board |
| Shares | 18,592 |
| Max Price | US$255.87 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 325 |
| Max Price | US$221.46 |
| Entity | Individual |
| Role | Chairman of the Board Executive Chairman of the Board |
| Shares | 15,000 |
| Max Price | US$220.86 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 200 |
| Max Price | US$212.30 |
| Entity | Company |
| Shares | 1,500 |
| Max Price | US$212.21 |
| Entity | Company |
| Shares | 275 |
| Max Price | US$193.29 |
Ownership Breakdown
Management Team
Brian Miller (60yo)
Executive VP
- Tenure: 14.4yrs
- Compensation: US$8.33m
H. Moore (51yo)
CEO, President & Director
- Tenure: 1.4yrs
- Compensation: US$19.84m
John Marr (59yo)
Executive Chairman of the Board
- Tenure: 2.8yrs
- Compensation: US$19.42m
Dustin Womble (60yo)
Director
- Tenure: 14.4yrs
Brett Cate
Chief Sales Officer
- Tenure: 0yrs
Jeff Green
Chief Technology Officer
- Tenure: 0yrs
W. Smith (54yo)
Chief Accounting Officer
- Tenure: 13.6yrs
Matt Bieri
Chief Information Officer
- Tenure: 9.8yrs
Samantha Crosby
Chief Marketing Officer
- Tenure: 0yrs
Abby Diaz
Chief Legal Officer & Corporate Secretary
- Tenure: 2.8yrs
Board Members
John King (79yo)
Independent Director
- Tenure: 15.4yrs
- Compensation: US$325.04k
Donald Brattain (78yo)
Lead Director
- Tenure: 2.8yrs
- Compensation: US$314.79k
H. Moore (51yo)
CEO, President & Director
- Tenure: 1.4yrs
- Compensation: US$19.84m
Brenda Cline (58yo)
Independent Director
- Tenure: 5.4yrs
- Compensation: US$328.79k
John Marr (59yo)
Executive Chairman of the Board
- Tenure: 2.8yrs
- Compensation: US$19.42m
Dustin Womble (60yo)
Director
- Tenure: 14.4yrs
Glenn Carter (63yo)
Independent Director
- Tenure: 5.4yrs
- Compensation: US$312.54k
Daniel Pope (56yo)
Independent Director
- Tenure: 3.4yrs
- Compensation: US$300.54k
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$10.158b
- Shares outstanding: 38.58m
- 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 | 2019/10/21 23:42 |
| End of Day Share Price | 2019/10/21 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.