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S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
New CBOE “special perk” helps traders target income every weekend (Ad)
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debts
New CBOE “special perk” helps traders target income every weekend (Ad)
Lacking counselors, US schools turn to the booming business of online therapy
Kiss say farewell to live touring, become first US band to go virtual and become digital avatars
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
New CBOE “special perk” helps traders target income every weekend (Ad)
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debts
New CBOE “special perk” helps traders target income every weekend (Ad)
Lacking counselors, US schools turn to the booming business of online therapy
Kiss say farewell to live touring, become first US band to go virtual and become digital avatars
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
New CBOE “special perk” helps traders target income every weekend (Ad)
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debts
New CBOE “special perk” helps traders target income every weekend (Ad)
Lacking counselors, US schools turn to the booming business of online therapy
Kiss say farewell to live touring, become first US band to go virtual and become digital avatars
Trading Experts Call It “The Perfect Tesla Trade” (Ad)

Tyler Technologies Stock Price, News & Analysis (NYSE:TYL)

$413.73
+4.89 (+1.20%)
(As of 12/1/2023 ET)
Compare
Today's Range
$405.98
▼
$413.89
50-Day Range
$363.60
▼
$419.55
52-Week Range
$301.69
▼
$426.83
Volume
190,747 shs
Average Volume
215,430 shs
Market Capitalization
$17.43 billion
P/E Ratio
111.52
Dividend Yield
N/A
Price Target
$442.43
Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability

Tyler Technologies MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
6.9% Upside
$442.43 Price Target
Short Interest
Healthy
1.64% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.31
Upright™ Environmental Score
News Sentiment
0.83mentions of Tyler Technologies in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$14.62 M Sold Last Quarter
Proj. Earnings Growth
15.28%
From $5.76 to $6.64 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.26 out of 5 stars

Computer And Technology Sector

198th out of 592 stocks

Prepackaged Software Industry

60th out of 204 stocks

See Top Rated MarketRank™ Stocks Here

TYL stock logo

About Tyler Technologies Stock (NYSE:TYL)

Tyler Technologies, Inc. provides integrated information management solutions and services for the public sector. It operates in two segments, Enterprise Software, and Platform Technologies. The company 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; student information and transportation solutions for K-12 schools; and financial management systems. It 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 operations involving records and document management; and data and insights solutions. In addition, the company 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. It has a strategic collaboration agreement with Amazon Web Services for cloud hosting services. Tyler Technologies, Inc. was founded in 1966 and is headquartered in Plano, Texas.

TYL Stock Price History

TYL Stock News Headlines

December 1, 2023 | finance.yahoo.com
Tyler Technologies (TYL) Up 0.8% Since Last Earnings Report: Can It Continue?
November 28, 2023 | seekingalpha.com
Tyler Technologies Q3: AI And Public Safety Growth Set To Bolster Growth Outlook
December 3, 2023 | DTI Trader (Ad)
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November 28, 2023 | americanbankingnews.com
Tyler Technologies, Inc. (NYSE:TYL) Receives Consensus Rating of "Moderate Buy" from Analysts
November 20, 2023 | finance.yahoo.com
Tyler (TYL) Helps DeKalb County Transition to SaaS Deployment
November 18, 2023 | fool.com
Tyler Technologies (NYSE: TYL)
November 16, 2023 | finance.yahoo.com
DeKalb County, Georgia, Transitions from On-Premises to Cloud Deployment with Tyler Technologies
November 15, 2023 | seekingalpha.com
Tyler Technologies: High-Quality Business But Massively Overvalued
December 3, 2023 | DTI Trader (Ad)
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
November 14, 2023 | finance.yahoo.com
Tyler Technologies’ Plano Office Named a Top Workplace in North Texas
November 12, 2023 | finance.yahoo.com
Should You Now Consider Selling Your Tyler Technologies (TYL) Shares?
November 9, 2023 | benzinga.com
Board Member of Tyler Technologies Sold $503K In Stock
November 9, 2023 | finance.yahoo.com
Tyler Technologies Announces Veterans Service Officers Excellence Award Winners
November 7, 2023 | finance.yahoo.com
Alabama Department of Veterans Affairs Goes Live with Tyler Technologies’ Platform to Support Dependents of Disabled Veterans
November 3, 2023 | markets.businessinsider.com
Analysts Conflicted on These Technology Names: Tyler Technologies (TYL), Upland Software (UPLD) and Atlassian (TEAM)
November 3, 2023 | finance.yahoo.com
Tyler Technologies, Inc. (NYSE:TYL) Q3 2023 Earnings Call Transcript
November 2, 2023 | seekingalpha.com
Tyler Technologies, Inc. 2023 Q3 - Results - Earnings Call Presentation
November 2, 2023 | finance.yahoo.com
Tyler Technologies (TYL) Q3 Earnings Beat, Revenues Miss
November 2, 2023 | msn.com
Tyler Technologies’ stock on track for largest gain since March 2020
November 1, 2023 | finance.yahoo.com
Tyler Technologies Inc (TYL) Reports 4.5% Revenue Growth in Q3 2023
November 1, 2023 | finance.yahoo.com
Tyler Technologies (TYL) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
November 1, 2023 | msn.com
Tyler Technologies misses quarterly revenue estimates
November 1, 2023 | finance.yahoo.com
Tyler Technologies Reports Earnings for Third Quarter 2023
November 1, 2023 | bizjournals.com
Fairfax's ARInspect acquired by Texas software giant Tyler Technologies
October 31, 2023 | marketwatch.com
Tyler Technologies Acquires AI Company ARInspect
October 31, 2023 | morningstar.com
Tyler Technologies Inc TYL
October 31, 2023 | msn.com
Tyler Technologies Q3 2023 Earnings Preview
See More Headlines
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Company Calendar

Last Earnings
11/01/2023
Today
12/03/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/21/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Prepackaged software
Sub-Industry
Application Software
Sector
Computer and Technology
Current Symbol
NYSE:TYL
CUSIP
90225210
CIK
860731
Web
www.tylertech.com
Phone
(972) 713-3700
Fax
972-713-3741
Employees
7,200
Year Founded
1966

Price Target and Rating

Average Stock Price Target
$442.43
High Stock Price Target
$510.00
Low Stock Price Target
$376.00
Potential Upside/Downside
+6.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
12 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$3.71
Trailing P/E Ratio
111.52
Forward P/E Ratio
71.83
P/E Growth
4.79
Net Income
$164.24 million
Net Margins
8.22%
Pretax Margin
9.73%
Return on Equity
8.86%
Return on Assets
5.23%

Debt

Debt-to-Equity Ratio
0.25
Current Ratio
0.93
Quick Ratio
0.93

Sales & Book Value

Annual Sales
$1.85 billion
Price / Sales
9.42
Cash Flow
$10.04 per share
Price / Cash Flow
41.22
Book Value
$67.72 per share
Price / Book
6.11

Miscellaneous

Outstanding Shares
42,120,000
Free Float
41,197,000
Market Cap
$17.43 billion
Optionable
Optionable
Beta
0.79

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Should I Buy Tyler Technologies Stock? TYL Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Tyler Technologies was last updated on Tuesday, November 28, 2023 at 10:38 PM.

Pros

Here are some ways that investors could benefit from investing in Tyler Technologies, Inc.:

  • Recent development: Alabama Department of Veterans Affairs has successfully gone live with Tyler Technologies' Application Platform solution. This indicates the company's ability to provide effective solutions for government agencies, which can lead to increased demand for their services.
  • Financial management solutions: Tyler Technologies offers modular fund accounting systems for government agencies or not-for-profit entities. This can provide a stable revenue stream for the company as these organizations require reliable financial management software.
  • Judicial solutions: The company provides a suite of judicial solutions, including court case management and law enforcement systems. With the increasing need for efficient and integrated solutions in the legal sector, Tyler Technologies can capitalize on this demand.
  • Data and insights solutions: Tyler Technologies offers data and insights solutions for public sector agencies. This can help these organizations make informed decisions and improve their operations, which can lead to long-term partnerships and revenue growth for the company.
  • Strategic collaboration with Amazon Web Services: Tyler Technologies has a strategic collaboration agreement with Amazon Web Services for cloud hosting services. This partnership can provide the company with access to scalable and reliable infrastructure, enhancing their ability to deliver their solutions effectively.

Cons

Investors should be bearish about investing in Tyler Technologies, Inc. for these reasons:

  • Competition in the prepackaged software industry: Tyler Technologies operates in the prepackaged software industry, which is highly competitive. The company may face challenges in maintaining market share and pricing power in this competitive landscape.
  • Dependency on government contracts: Tyler Technologies primarily serves the public sector, which makes the company dependent on government contracts. Changes in government spending or budget cuts can impact the demand for their services and affect their financial performance.
  • Regulatory and compliance risks: As a provider of software solutions for government agencies, Tyler Technologies needs to comply with various regulations and standards. Any failure to comply with these requirements can result in legal and financial consequences for the company.
  • Market volatility: The stock market can be volatile, and the stock price of Tyler Technologies, Inc. may fluctuate based on market conditions and investor sentiment. Investors should be aware of the potential risks associated with investing in a volatile market.
  • Integration and implementation challenges: Implementing software solutions in government agencies can be complex and time-consuming. Tyler Technologies may face challenges in integrating their solutions with existing systems and ensuring smooth implementation, which can impact customer satisfaction and future business opportunities.














TYL Stock Analysis - Frequently Asked Questions

Should I buy or sell Tyler Technologies stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tyler Technologies in the last year. There are currently 3 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" TYL shares.
View TYL analyst ratings or view top-rated stocks.

What is Tyler Technologies' stock price target for 2024?

12 brokerages have issued 1 year target prices for Tyler Technologies' stock. Their TYL share price targets range from $376.00 to $510.00. On average, they expect the company's share price to reach $442.43 in the next twelve months. This suggests a possible upside of 6.9% from the stock's current price.
View analysts price targets for TYL or view top-rated stocks among Wall Street analysts.

How have TYL shares performed in 2023?

Tyler Technologies' stock was trading at $322.41 at the beginning of the year. Since then, TYL shares have increased by 28.3% and is now trading at $413.73.
View the best growth stocks for 2023 here.

When is Tyler Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 21st 2024.
View our TYL earnings forecast.

How were Tyler Technologies' earnings last quarter?

Tyler Technologies, Inc. (NYSE:TYL) posted its quarterly earnings results on Wednesday, November, 1st. The technology company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.19. The technology company earned $494.68 million during the quarter, compared to analysts' expectations of $495.47 million. Tyler Technologies had a trailing twelve-month return on equity of 8.86% and a net margin of 8.22%.

What ETFs hold Tyler Technologies' stock?

ETFs with the largest weight of Tyler Technologies (NYSE:TYL) stock in their portfolio include Motley Fool Mid-Cap Growth ETF (TMFM), ProShares Big Data Refiners ETF (DAT), Natixis Vaughan Nelson Mid Cap ETF (VNMC), VanEck Morningstar Wide Moat ETF (MOAT), iShares Virtual Work and Life Multisector ETF (IWFH), AOT Growth & Innovation ETF (AOTG), Thrivent Small-Mid Cap ESG ETF (TSME) and IQ Engender Equality ETF (EQUL).

What guidance has Tyler Technologies issued on next quarter's earnings?

Tyler Technologies updated its FY23 earnings guidance on Wednesday, November, 1st. The company provided earnings per share guidance of $7.66-7.80 for the period, compared to the consensus estimate of $7.69. The company issued revenue guidance of $1.942-1.962 billion, compared to the consensus revenue estimate of $1.96 billion.

What is Lynn Moore Jr.'s approval rating as Tyler Technologies' CEO?

63 employees have rated Tyler Technologies Chief Executive Officer Lynn Moore Jr. on Glassdoor.com. Lynn Moore Jr. has an approval rating of 91% among the company's employees. This puts Lynn Moore Jr. in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Tyler Technologies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Tyler Technologies investors own include NVIDIA (NVDA), Visa (V), Walt Disney (DIS), Verizon Communications (VZ), Alibaba Group (BABA), ServiceNow (NOW), Advanced Micro Devices (AMD), Salesforce (CRM), Intel (INTC) and Cisco Systems (CSCO).

Who are Tyler Technologies' major shareholders?

Tyler Technologies' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Principal Financial Group Inc. (3.02%), Morgan Stanley (2.41%), Artisan Partners Limited Partnership (2.14%), Invesco Ltd. (2.04%), Massachusetts Financial Services Co. MA (1.96%) and Van ECK Associates Corp (1.82%). Insiders that own company stock include Brian K Miller, Daniel M Pope, Donald R Brattain, Dustin R Womble, Glenn A Carter, H Lynn Moore Jr, H Lynn Moore, Jr, Jeffrey David Puckett, John S Marr Jr, John S Marr, Jr, Luther King Jr and Mary L Landrieu.
View institutional ownership trends.

How do I buy shares of Tyler Technologies?

Shares of TYL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:TYL) was last updated on 12/3/2023 by MarketBeat.com Staff

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