NYSE:TYL

Tyler Technologies - TYL Stock Forecast, Price & News

$342.22

-10.01 (-2.84%)

(As of 12/2/2022 12:00 AM ET)

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Today's Range: $338.53
▼
$346.73
50-Day Range: $287.93
▼
$367.27
52-Week Range: $281.11
▼
$544.04

Volume: 254,404 shs
Average Volume: 247,059 shs
Market Capitalization: $14.25 billion

P/E Ratio: 77.25
Dividend Yield: N/A
Price Target: $446.08

Tyler Technologies MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.70 Rating Score
Upside/Downside: 30.3% Upside
$446.08 Price Target
Short Interest: Healthy
1.39% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.31
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: Selling Shares
$804,325 Sold Last Quarter
Proj. Earnings Growth: 2.30%
From $5.65 to $5.78 Per Share

Overall MarketRank^™

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

2.75 out of 5 stars

Computer And Technology Sector

89th out of 640 stocks

Prepackaged Software Industry

28th out of 221 stocks

4.4

Analyst's Opinion

Consensus Rating
Tyler Technologies has received a consensus rating of Buy. The company's average rating score is 2.70, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $446.08, Tyler Technologies has a forecasted upside of 30.3% from its current price of $342.22.
Amount of Analyst Coverage
Tyler Technologies has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
1.39% 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 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Tyler Technologies has recently increased by 7.03%, indicating that investor sentiment is decreasing 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.

1.4

News and Social Media Coverage

News Sentiment
Tyler Technologies has a news sentiment score of 0.59. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Tyler Technologies this week, compared to 5 articles on an average week.
Search Interest
Only 3 people have searched for TYL on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.
MarketBeat Follows
Only 4 people have added Tyler Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of -43% 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 $804,325.00 in company stock.
Percentage Held by Insiders
Only 2.00% of the stock of Tyler Technologies is held by insiders.
Percentage Held by Institutions
89.42% of the stock of Tyler Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Tyler Technologies are expected to grow by 2.30% in the coming year, from $5.65 to $5.78 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Tyler Technologies is 77.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.83.
Price to Earnings Ratio vs. Sector
The P/E ratio of Tyler Technologies is 77.25, 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 389.40.
Price to Book Value per Share Ratio
Tyler Technologies has a P/B Ratio of 5.59. 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. 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. The company 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, it 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. The company 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.

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TYL Stock News Headlines

November 26, 2022 | marketwatch.com

Security Guarding Services Market 2022 : Industry Scenario, Strategies, Growth Factors and Forecast to 2028

November 25, 2022 | seekingalpha.com

Tyler Technologies: Doing Well By Helping Government Do Better

November 25, 2022 | finance.yahoo.com

Tyler Technologies (TYL) Down 0.2% Since Last Earnings Report: Can It Rebound?

November 23, 2022 | americanbankingnews.com

Brokerages Set Tyler Technologies, Inc. (NYSE:TYL) Price Target at $446.08

November 18, 2022 | bizjournals.com

Tyler Technologies signs $54M agreement with U.S. Department of State

November 17, 2022 | finance.yahoo.com

Tyler Technologies' (NYSE:TYL) five-year earnings growth trails the decent shareholder returns

November 16, 2022 | finance.yahoo.com

Tyler (TYL) Wins Contract Worth $54M From the U.S. DSS Agency

November 15, 2022 | finance.yahoo.com

Tyler Wins $54M, 5-Year US DSS Contract

November 15, 2022 | finance.yahoo.com

Tyler Technologies Signs $54 Million Agreement with the U.S. Department of State

November 10, 2022 | benzinga.com

Goldman Sachs Initiates Coverage On Tyler Technologies with Neutral Rating, Announces Price Target of $322

November 7, 2022 | finance.yahoo.com

Tyler (TYL) to Improve Probation Supervision at Arizona SC

November 4, 2022 | seekingalpha.com

Tyler Technologies - Growing Governmental IT Spending

November 3, 2022 | tmcnet.com

Arizona Supreme Court Selects Tyler Technologies' Enterprise Supervision Solution

November 3, 2022 | finance.yahoo.com

Arizona Supreme Court Selects Tyler Technologies’ Enterprise Supervision Solution

November 1, 2022 | finance.yahoo.com

Ohio Municipal Court Goes Live with Tyler Technologies’ Enterprise Supervision Solution

October 28, 2022 | finance.yahoo.com

Tyler Technologies Unveils Renovation of Lubbock, Texas, Office

October 27, 2022 | finance.yahoo.com

Tyler's (TYL) Earnings and Revenues Beat Estimates in Q3

October 27, 2022 | finance.yahoo.com

Tyler Technologies to acquire Rapid Financial Solutions

October 26, 2022 | finance.yahoo.com

Tyler Technologies (TYL) Q3 Earnings and Revenues Beat Estimates

October 26, 2022 | benzinga.com

Tyler Technologies: Q3 Earnings Insights

October 26, 2022 | finance.yahoo.com

Tyler Technologies Reports Earnings for Third Quarter 2022

October 22, 2022 | finance.yahoo.com

Why Tyler Technologies, Inc. (NYSE:TYL) Could Be Worth Watching

October 21, 2022 | reuters.com

Tyler Technologies Inc

October 21, 2022 | baystreet.ca

Tyler Inks Deal with Oregon Firm

October 21, 2022 | technews.tmcnet.com

Tyler Technologies Signs Third Statewide Agreement for Enterprise Supervision in Oregon

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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TYL Company Calendar

Last Earnings: 10/27/2021
Today: 12/02/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 2/15/2023

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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: 6,778
Year Founded: 1966

Price Target and Rating

Average Stock Price Forecast: $446.08
High Stock Price Forecast: $520.00
Low Stock Price Forecast: $322.00
Forecasted Upside/Downside: +30.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.70
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.43
Trailing P/E Ratio: 77.25
Forward P/E Ratio: 60.57
P/E Growth: N/A
Net Income: $161.46 million
Net Margins: 10.26%
Pretax Margin: 10.77%
Return on Equity: 9.93%
Return on Assets: 5.10%

Debt

Debt-to-Equity Ratio: 0.41
Current Ratio: 1.06
Quick Ratio: 1.06

Sales & Book Value

Annual Sales: $1.59 billion
Price / Sales: 8.95
Cash Flow: $8.45 per share
Price / Cash Flow: 40.51
Book Value: $61.17 per share
Price / Book: 5.59

Miscellaneous

Outstanding Shares: 41,640,000
Free Float: 40,807,000
Market Cap: $14.25 billion
Optionable: Optionable
Beta: 0.84

Social Links

Key Executives

Mr. John S. Marr Jr. (Age 62)
Exec. Chairman
Comp: $308.3k

Mr. H. Lynn Moore Jr. (Age 54)
CEO, Pres & Director
Comp: $537.43k

Mr. Brian K. Miller (Age 63)
Exec. VP, CFO & Treasurer
Comp: $412.41k

Mr. Jeffrey D. Puckett
Chief Operating Officer

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 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?: 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tyler Technologies in the last twelve months. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" TYL shares.
View TYL analyst ratings or view top-rated stocks.
What is Tyler Technologies' stock price forecast for 2023?: 10 brokerages have issued 12 month target prices for Tyler Technologies' shares. Their TYL share price forecasts range from $322.00 to $520.00. On average, they anticipate the company's stock price to reach $446.08 in the next year. This suggests a possible upside of 30.3% 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 2022?: Tyler Technologies' stock was trading at $537.95 at the beginning of 2022. Since then, TYL shares have decreased by 36.4% and is now trading at $342.22.
View the best growth stocks for 2022 here.
When is Tyler Technologies' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our TYL earnings forecast.
How were Tyler Technologies' earnings last quarter?: Tyler Technologies, Inc. (NYSE:TYL) issued its earnings results on Wednesday, October, 27th. The technology company reported $2.01 EPS for the quarter, topping analysts' consensus estimates of $1.77 by $0.24. The technology company had revenue of $459.87 million for the quarter, compared to the consensus estimate of $426.30 million. Tyler Technologies had a trailing twelve-month return on equity of 9.93% and a net margin of 10.26%. Tyler Technologies's quarterly revenue was up 60.9% compared to the same quarter last year. During the same period last year, the firm earned $1.17 earnings per share.
Read the conference call transcript.
What guidance has Tyler Technologies issued on next quarter's earnings?: Tyler Technologies issued an update on its FY 2022 earnings guidance on Wednesday, November, 2nd. The company provided EPS guidance of $7.51-$7.65 for the period, compared to the consensus estimate of $7.46. The company issued revenue guidance of $1.84 billion-$1.86 billion, compared to the consensus revenue estimate of $1.86 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."
Who are Tyler Technologies' major shareholders?: Tyler Technologies' stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.31%), BlackRock Inc. (8.14%), Alliancebernstein L.P. (3.27%), Massachusetts Financial Services Co. MA (1.49%), Artisan Partners Limited Partnership (1.42%) and Van ECK Associates Corp (1.25%). Insiders that own company stock include Brenda A Cline, 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 and Luther King Jr.
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.
What is Tyler Technologies' stock price today?: One share of TYL stock can currently be purchased for approximately $342.22.
How much money does Tyler Technologies make?: Tyler Technologies (NYSE:TYL) has a market capitalization of $14.25 billion and generates $1.59 billion in revenue each year. The technology company earns $161.46 million in net income (profit) each year or $4.43 on an earnings per share basis.
How many employees does Tyler Technologies have?: The company employs 6,778 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 12/3/2022 by MarketBeat.com Staff

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