NYSE:TYL

Tyler Technologies (TYL) Stock Forecast, Price & News

$389.41

+4.10 (+1.06%)

(As of 09/28/2023 ET)

Compare

Today's Range: $380.93
▼
$389.95
50-Day Range: $372.17
▼
$408.42
52-Week Range: $281.11
▼
$426.83

Volume: 232,716 shs
Average Volume: 209,000 shs
Market Capitalization: $16.39 billion

P/E Ratio: 100.62
Dividend Yield: N/A
Price Target: $440.29

Tyler Technologies MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.73 Rating Score
Upside/Downside: 13.1% Upside
$440.29 Price Target
Short Interest: Healthy
1.40% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.31
Upright™ Environmental Score
News Sentiment: 1.15
Based on 8 Articles This Week
Insider Trading: Selling Shares
$3.01 M Sold Last Quarter
Proj. Earnings Growth: 18.17%
From $5.67 to $6.70 Per Share

Overall MarketRank^™

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

2.69 out of 5 stars

Computer And Technology Sector

92nd out of 604 stocks

Prepackaged Software Industry

23rd out of 205 stocks

2.4

Analyst's Opinion

Consensus Rating
Tyler Technologies has received a consensus rating of Moderate Buy. The company's average rating score is 2.73, and is based on 8 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $440.29, Tyler Technologies has a forecasted upside of 13.1% from its current price of $389.41.
Amount of Analyst Coverage
Tyler Technologies has only been the subject of 2 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.40% of the outstanding shares of Tyler Technologies have been sold short.
Short Interest Ratio / Days to Cover
Tyler Technologies has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Tyler Technologies has recently decreased by 6.86%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Tyler Technologies does not currently pay a dividend.
Dividend Growth
Tyler Technologies does not have a long track record of dividend growth.

3.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Tyler Technologies has received a 49.22% net impact score from Upright. Tyler Technologies seems to create the most significant positive value in categories "Taxes", "Distributing knowledge", and "Jobs". The positive contribution in the "Distributing knowledge" impact category is mostly driven by its "Software development consulting for the education industry", "Tax declaration applications", and "Software development consulting for governments" products. See details.
Environmental Sustainability
The Environmental Impact score for Tyler Technologies is -0.31.

2.3

News and Social Media Coverage

News Sentiment
Tyler Technologies has a news sentiment score of 1.15. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.62 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Tyler Technologies this week, compared to 8 articles on an average week.
MarketBeat Follows
Only 2 people have added Tyler Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Tyler Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,010,403.00 in company stock.
Percentage Held by Insiders
Only 2.20% of the stock of Tyler Technologies is held by insiders.
Percentage Held by Institutions
91.28% of the stock of Tyler Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Tyler Technologies are expected to grow by 18.17% in the coming year, from $5.67 to $6.70 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Tyler Technologies is 100.62, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.06.
Price to Earnings Ratio vs. Sector
The P/E ratio of Tyler Technologies is 100.62, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 285.87.
Price to Book Value per Share Ratio
Tyler Technologies has a P/B Ratio of 6.18. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Tyler Technologies (NYSE:TYL) Stock

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 Price History

30 days | 90 days | 365 days | Advanced Chart

TYL Stock News Headlines

September 27, 2023 | finance.yahoo.com

Tyler's (TYL) Payment Solution Selected by Harris County

September 26, 2023 | finance.yahoo.com

Harris County, Texas, Implements Digital Disbursements for Jurors with Tyler Technologies’ Solution

September 29, 2023 | Chaikin Analytics (Ad)

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September 19, 2023 | finance.yahoo.com

Is It Time To Consider Buying Tyler Technologies, Inc. (NYSE:TYL)?

September 19, 2023 | finance.yahoo.com

Tyler Technologies Increases Efficiency for Self-Represented Litigants Using Easy Form Solution in Illinois

September 19, 2023 | americanbankingnews.com

Glenn A. Carter Sells 500 Shares of Tyler Technologies, Inc. (NYSE:TYL) Stock

September 18, 2023 | finance.yahoo.com

Unveiling Tyler Technologies (TYL)'s Value: Is It Really Priced Right? A Comprehensive Guide

September 18, 2023 | finance.yahoo.com

Unpacking the Investment Potential of Tyler Technologies Inc (TYL): A Deep Dive into Financial ...

September 29, 2023 | Chaikin Analytics (Ad)

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September 14, 2023 | news.yahoo.com

County residents hear reassessment information

September 13, 2023 | yahoo.com

Public meetings scheduled for county reassessment project

September 13, 2023 | news.yahoo.com

Public hearings scheduled for county reassessment project

September 12, 2023 | finance.yahoo.com

Tyler Technologies to Provide Electronic Vehicle Titling and Liens for the State of Kentucky

September 11, 2023 | msn.com

Legislators questioning Jackson Co. Assessments about errors

September 5, 2023 | finance.yahoo.com

Tyler Technologies to Provide Enterprise Justice Solution Suite to Licking County, Ohio

September 4, 2023 | finance.yahoo.com

Fire Department Software Market is to grow by USD 559.12 million from 2022 to 2027 | The integration with IoT to boost market growth- Technavio

September 1, 2023 | finance.yahoo.com

Cognizant (CTSH) Up 1.6% Since Last Earnings Report: Can It Continue?

August 29, 2023 | businesswire.com

Tyler Technologies Signs First Full-Suite Public Safety Agency in State of Maine

August 25, 2023 | finance.yahoo.com

Why Is Tyler Technologies (TYL) Down 2.2% Since Last Earnings Report?

August 23, 2023 | msn.com

SC Department of Education working with vendor to fix issues with bus-tracking app

August 22, 2023 | msn.com

Jackson County Legislature formally invites state auditor to examine property assessment process

August 14, 2023 | msn.com

Dayton Public Schools introduces bus tracking system

August 14, 2023 | msn.com

Tyler Technologies acquires AI company

August 13, 2023 | news.yahoo.com

Almost a quarter complete, Lackawanna County reassessment heads into new phase

August 11, 2023 | msn.com

Revaluation Process Begins Soon In Hamden

August 11, 2023 | gurufocus.com

Is Tyler Technologies (TYL) Modestly Undervalued?

August 10, 2023 | finance.yahoo.com

Tyler (TYL) Completes Computing System Innovations Buyout

See More Headlines

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TYL Company Calendar

Last Earnings: 7/26/2023
Today: 9/29/2023
Next Earnings (Estimated): 10/25/2023
Fiscal Year End: 12/31/2023

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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 Forecast: $440.29
High Stock Price Forecast: $500.00
Low Stock Price Forecast: $376.00
Forecasted Upside/Downside: +13.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.73
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.87
Trailing P/E Ratio: 100.62
Forward P/E Ratio: 68.68
P/E Growth: N/A
Net Income: $164.24 million
Net Margins: 8.64%
Pretax Margin: 9.47%
Return on Equity: 8.94%
Return on Assets: 5.12%

Debt

Debt-to-Equity Ratio: 0.30
Current Ratio: 1.00
Quick Ratio: 1.00

Sales & Book Value

Annual Sales: $1.85 billion
Price / Sales: 8.86
Cash Flow: $10.26 per share
Price / Cash Flow: 37.94
Book Value: $63.03 per share
Price / Book: 6.18

Miscellaneous

Outstanding Shares: 42,080,000
Free Float: 41,152,000
Market Cap: $16.39 billion
Optionable: Optionable
Beta: 0.81

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Key Executives

Mr. John S. Marr Jr. (Age 63)
Exec. Chairman
Comp: $307.5k

Mr. H. Lynn Moore Jr. (Age 55)
CEO, Pres & Director
Comp: $612.22k

Mr. Brian K. Miller (Age 64)
Exec. VP, CFO & Treasurer
Comp: $427.25k

Mr. Jeffrey D. Puckett (Age 56)
Chief Operating Officer
Comp: $306.17k

Mr. Jason P. Durham
Chief Accounting Officer

Mr. Jeffrey S. Green
Chief Technology Officer

Mr. Kevin W. Iwersen
Chief Information Officer

Hala Elsherbini
Sr. Director of Investor Relations

Ms. Abigail M. Diaz
Chief Legal Officer & Corp. Sec.

Ms. Samantha B. Crosby
Chief Marketing Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TYL Stock - Frequently Asked Questions

Should I buy or sell Tyler Technologies stock right now?: 11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tyler Technologies in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TYL shares.
View TYL analyst ratings or view top-rated stocks.
What is Tyler Technologies' stock price forecast for 2023?: 11 brokers have issued 12 month target prices for Tyler Technologies' stock. Their TYL share price forecasts range from $376.00 to $500.00. On average, they predict the company's stock price to reach $440.29 in the next twelve months. This suggests a possible upside of 13.1% 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 start of the year. Since then, TYL stock has increased by 20.8% and is now trading at $389.41.
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, October 25th 2023.
View our TYL earnings forecast.
How were Tyler Technologies' earnings last quarter?: Tyler Technologies, Inc. (NYSE:TYL) issued its quarterly earnings data on Wednesday, July, 26th. The technology company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.36 by $0.17. The technology company earned $504.28 million during the quarter, compared to analyst estimates of $490.65 million. Tyler Technologies had a trailing twelve-month return on equity of 8.94% and a net margin of 8.64%.
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 and 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 FY 2023 earnings guidance on Wednesday, July, 26th. The company provided earnings per share (EPS) guidance of $7.60-$7.75 for the period, compared to the consensus earnings per share estimate of $7.60. The company issued revenue guidance of $1.94 billion-$1.97 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).
What is Tyler Technologies' stock symbol?: Tyler Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "TYL."
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.
What is Tyler Technologies' stock price today?: One share of TYL stock can currently be purchased for approximately $389.41.
How much money does Tyler Technologies make?: Tyler Technologies (NYSE:TYL) has a market capitalization of $16.39 billion and generates $1.85 billion in revenue each year. The technology company earns $164.24 million in net income (profit) each year or $3.87 on an earnings per share basis.
How many employees does Tyler Technologies have?: The company employs 7,200 workers across the globe.
How can I contact Tyler Technologies?: Tyler Technologies' mailing address is 5101 TENNYSON PKWY, PLANO TX, 75024. The official website for the company is www.tylertech.com. The technology company can be reached via phone at (972) 713-3700, via email at hala@halliburtonir.com, or via fax at 972-713-3741.

This page (NYSE:TYL) was last updated on 9/29/2023 by MarketBeat.com Staff

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