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TYL

Tyler Technologies NYSE:TYL Stock Report

Last Price

US$414.07

Market Cap

US$17.2b

7D

3.2%

1Y

-15.2%

Updated

08 Aug, 2022

Data

Company Financials +
TYL fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance3/6
Financial Health4/6
Dividends0/6

TYL Stock Overview

Tyler Technologies, Inc. provides integrated information management solutions and services for the public sector.

Tyler Technologies Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Tyler Technologies
Historical stock prices
Current Share PriceUS$414.07
52 Week HighUS$557.55
52 Week LowUS$300.85
Beta0.90
1 Month Change19.50%
3 Month Change16.75%
1 Year Change-15.19%
3 Year Change64.48%
5 Year Change138.95%
Change since IPO4,632.23%

Recent News & Updates

Aug 02
If EPS Growth Is Important To You, Tyler Technologies (NYSE:TYL) Presents An Opportunity

If EPS Growth Is Important To You, Tyler Technologies (NYSE:TYL) Presents An Opportunity

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...

Jul 21

Tyler Technologies partners with Infinite Campus for student information solutions

Tyler Technologies (NYSE:TYL) announced a formal partnership with Infinite Campus, provider of student information system products that help school districts streamline educational processes, promote stakeholder collaboration, and personalize learning. Through this partnership, the Infinite Campus solution will be the preferred student information system available to Tyler clients. The partnership also enables the company to strengthen its focus on industry-leading K-12 products in ERP and student transportation. The agreement is not expected to have a material impact on Tyler’s operating results.

Jul 18
A Look At The Intrinsic Value Of Tyler Technologies, Inc. (NYSE:TYL)

A Look At The Intrinsic Value Of Tyler Technologies, Inc. (NYSE:TYL)

Does the July share price for Tyler Technologies, Inc. ( NYSE:TYL ) reflect what it's really worth? Today, we will...

Jul 14

Florida's Orange County selects Tyler Technologies' Enterprise Assessment & Tax solution

Orange County, Florida has selected Tyler Technologies' (NYSE:TYL) Enterprise Assessment & Tax solution, powered by iasWorld. The county will use the solution to manage its entire property assessment process with a complete web-based, GIS-enabled toolset and a full complement of valuable features. Tyler's Enterprise Assessment & Tax solution is a comprehensive solution for assessment administration, computer-assisted mass appraisal, and tax billing and collections.

Shareholder Returns

TYLUS SoftwareUS Market
7D3.2%1.8%1.1%
1Y-15.2%-17.8%-13.0%

Return vs Industry: TYL exceeded the US Software industry which returned -17.7% over the past year.

Return vs Market: TYL underperformed the US Market which returned -12.9% over the past year.

Price Volatility

Is TYL's price volatile compared to industry and market?
TYL volatility
TYL Average Weekly Movement6.1%
Software Industry Average Movement10.7%
Market Average Movement7.9%
10% most volatile stocks in US Market17.1%
10% least volatile stocks in US Market3.2%

Stable Share Price: TYL is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: TYL's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19667,143H. Moorehttps://www.tylertech.com

Tyler Technologies, Inc. provides integrated information management solutions and services for the public sector. The company operates in three segments: Enterprise Software; Appraisal and Tax; and NIC. 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.

Tyler Technologies Fundamentals Summary

How do Tyler Technologies's earnings and revenue compare to its market cap?
TYL fundamental statistics
Market CapUS$17.17b
Earnings (TTM)US$178.88m
Revenue (TTM)US$1.82b

96.0x

P/E Ratio

9.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TYL income statement (TTM)
RevenueUS$1.82b
Cost of RevenueUS$1.05b
Gross ProfitUS$769.24m
Other ExpensesUS$590.36m
EarningsUS$178.88m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)4.31
Gross Margin42.31%
Net Profit Margin9.84%
Debt/Equity Ratio51.4%

How did TYL perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is TYL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TYL?

Other financial metrics that can be useful for relative valuation.

TYL key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue10x
Enterprise Value/EBITDA53.3x
PEG Ratio5.7x

Price to Earnings Ratio vs Peers

How does TYL's PE Ratio compare to its peers?

TYL PE Ratio vs Peers
The above table shows the PE ratio for TYL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average83.4x
PAYC Paycom Software
93.3x23.7%US$21.3b
PCTY Paylocity Holding
158.4x23.0%US$14.4b
PTC PTC
28.1x17.0%US$14.0b
ANSS ANSYS
53.7x14.0%US$24.6b
TYL Tyler Technologies
96x16.9%US$17.2b

Price-To-Earnings vs Peers: TYL is expensive based on its Price-To-Earnings Ratio (96x) compared to the peer average (83.4x).


Price to Earnings Ratio vs Industry

How does TYL's PE Ratio compare vs other companies in the US Software Industry?

Price-To-Earnings vs Industry: TYL is expensive based on its Price-To-Earnings Ratio (96x) compared to the US Software industry average (44.9x)


Price to Earnings Ratio vs Fair Ratio

What is TYL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TYL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio96x
Fair PE Ratio36.2x

Price-To-Earnings vs Fair Ratio: TYL is expensive based on its Price-To-Earnings Ratio (96x) compared to the estimated Fair Price-To-Earnings Ratio (36.2x).


Share Price vs Fair Value

What is the Fair Price of TYL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TYL ($414.07) is trading above our estimate of fair value ($308.38)

Significantly Below Fair Value: TYL is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is Tyler Technologies forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


16.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TYL's forecast earnings growth (16.9% per year) is above the savings rate (1.9%).

Earnings vs Market: TYL's earnings (16.9% per year) are forecast to grow faster than the US market (12.8% per year).

High Growth Earnings: TYL's earnings are forecast to grow, but not significantly.

Revenue vs Market: TYL's revenue (9.5% per year) is forecast to grow faster than the US market (8% per year).

High Growth Revenue: TYL's revenue (9.5% 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


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Past Performance

How has Tyler Technologies performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


3.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TYL has high quality earnings.

Growing Profit Margin: TYL's current net profit margins (9.8%) are lower than last year (12.3%).


Past Earnings Growth Analysis

Earnings Trend: TYL's earnings have grown by 3% per year over the past 5 years.

Accelerating Growth: TYL's earnings growth over the past year (14.8%) exceeds its 5-year average (3% per year).

Earnings vs Industry: TYL earnings growth over the past year (14.8%) underperformed the Software industry 18.5%.


Return on Equity

High ROE: TYL's Return on Equity (7.3%) is considered low.


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Financial Health

How is Tyler Technologies's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: TYL's short term assets ($957.3M) exceed its short term liabilities ($833.9M).

Long Term Liabilities: TYL's short term assets ($957.3M) do not cover its long term liabilities ($1.5B).


Debt to Equity History and Analysis

Debt Level: TYL's net debt to equity ratio (39.7%) 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 (35.7%).

Interest Coverage: TYL's interest payments on its debt are well covered by EBIT (11.4x coverage).


Balance Sheet


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Dividend

What is Tyler Technologies's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

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.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as TYL has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

5.0yrs

Average management tenure


CEO

H. Moore (54 yo)

5.58yrs

Tenure

US$5,590,005

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 ($USD5.59M) is below average for companies of similar size in the US market ($USD12.96M).

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


Leadership Team

Experienced Management: TYL's management team is considered experienced (5 years average tenure).


Board Members

Experienced Board: TYL's board of directors are considered experienced (7.3 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 employee growth, exchange listings and data sources


Key Information

  • Name: Tyler Technologies, Inc.
  • Ticker: TYL
  • Exchange: NYSE
  • Founded: 1966
  • Industry: Application Software
  • Sector: Software
  • Implied Market Cap: US$17.173b
  • Shares outstanding: 41.47m
  • Website: https://www.tylertech.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/08 00:00
End of Day Share Price2022/08/08 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.