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TYL

352.23USD+9.49(+2.77%)Market Closed

Tyler Technologies Inc

Market Summary

USD352.23+9.49Market Closed
2.77%

TYL Alerts

TYL Stock Price

RSI Chart

Valuation

Market Cap

15.9B

Price/Earnings

84.67

Price/Sales

8.69

Price/Cashflow

42.48

MarketCap/EBT

80.64

Price/Sales

Profitability

EBT Margin

10.77%

Return on Equity

7.38%

Return on Assets

4.02%

Fundamentals

Revenue

Revenue (TTM)

1.8B

Revenue Y/Y

2.9%

Revenue Q/Q

0.96%

Earnings

Earnings (TTM)

187.9M

Earnings Y/Y

20.52%

Earnings Q/Q

33.26%

Price Action

52 Week Range

281.11544.04
(Low)(High)

Last 7 days

3.4%

Last 30 days

15.4%

Last 90 days

-5.9%

Trailing 12 Months

-33.9%

Financial Health

Current Ratio

1.06

Debt/Equity

0.42

Debt/Cashflow

0.35

Investor Care

Shares Dilution (1Y)

1.62%

Diluted EPS (TTM)

4.43

Peers (Alternatives to Tyler Tech)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
1.8T
203.1B
16.19% -21.88%
25.2
8.66
15.22% 2.81%
208.6B
44.2B
10.96% -5.77%
35.9
4.72
8.12% -58.36%
163.0B
30.3B
-3.63% -44.66%
304.14
5.56
21.26% -84.01%
151.4B
17.2B
13.38% -49.17%
31.46
8.81
13.86% -17.57%
25.1B
4.3B
-5.46% -61.25%
25.38
5.85
11.14% -39.03%
12.1B
693.1M
-3.12% 59.08%
44.35
17.39
-2.84% -14.76%
MID-CAP
9.6B
631.5M
-1.97% 16.85%
-45.68
15.19
33.30% -26.60%
7.5B
740.5M
12.08% -18.13%
67.22
10.14
15.84% 1.13%
5.0B
812.6M
8.04% -48.17%
-33.17
6.14
9.33% -463.42%
3.6B
421.7M
-19.92% -44.81%
-29.08
8.53
27.49% -161.02%
2.6B
506.4M
0.39% 55.58%
-71.14
5.11
10.10% -203.10%
2.4B
308.3M
1.17% 7.67%
-23.19
7.94
13.75% -232.84%
SMALL-CAP
991.7M
371.9M
6.18% -58.89%
-8.92
2.67
15.01% -44.50%
653.0M
399.9M
20.08% -33.40%
-6.96
1.63
4.73% 8.15%
246.7M
310.7M
-1.33% -63.18%
-4.28
0.79
2.66% -1.77%

Financials for Tyler Tech

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue0.7%1,8321,8181,7541,5921,442
Gross Profit1.1%778769758710661
  S&GA Expenses0.4%402400410391352
Earnings Before Taxes0.3%197197172159164
Net Income5.1%188179164161161
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-2.3%4,6754,7874,7244,7324,683
  Current Assets-10.1%860957860964878
    Cash Equivalents-26.5%186253243309234
  Net PPE-1.5%175178178181177
  Goodwill0.0%2,4492,4502,4412,3602,355
Liabilities-8.6%2,1282,3292,3362,4082,482
  Current Liabilities-2.6%812834766830816
  Long Term Debt-14.8%1,0761,2631,3221,341836
    LT Debt, Current0%3030303030
    LT Debt, Non Current-15.2%1,0461,2331,292719806
Shareholder's Equity3.6%2,5472,4582,3882,3242,201
  Retained Earnings3.9%1,4071,3541,3141,2741,219
  Additional Paid-In Capital2.7%1,1291,0991,0761,010-
Accumulated Depreciation-141----
Shares Outstanding0%4848484848
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-16.9%375451354372346
  Share Based Compensation-2.4%10210510410594
Cashflow From Investing34.9%-131.90-202.62-2,162.41-2,090.93-2,114.95
Cashflow From Financing-37.4%-290.91-211.718011,4251,485
  Buy Backs0%001313

Risks

What is the probability of a big loss on TYL?

53.1%


Probability that Tyler Tech stock will be more than 20% underwater in next one year

12.7%


Probability that Tyler Tech stock will be more than 30% underwater in next one year.

9.6%


Probability that Tyler Tech stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does TYL drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Tyler Tech was unfortunately bought at previous high price.

Returns

Cumulative Returns on TYL

22.0%


10-Year Cumulative Returns

9.6%


7-Year Cumulative Returns

13.5%


5-Year Cumulative Returns

5.8%


3-Year Cumulative Returns

What are the long-term rolling returns for TYL?

FIve years rolling returns for Tyler Tech.

Which funds bought or sold TYL recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-23
Toroso Investments, LLC
ADDED
4.29
25,000
304,000
0.01%
2022-11-23
Eagle Bay Advisors LLC
REDUCED
-50
-1,660
1,000
-%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
1,308,000
1,308,000
0.01%
2022-11-22
CVA Family Office, LLC
NEW
-
16,000
16,000
-%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
-
-
781,000
23,400,000
0.04%
2022-11-21
17 CAPITAL PARTNERS, LLC
-
-
10,000
230,000
0.32%
2022-11-21
FourThought Financial, LLC
-
-
15,000
84,000
0.01%
2022-11-21
Integrated Investment Consultants, LLC
-
-
11,000
254,000
0.10%
2022-11-18
National Pension Service
REDUCED
-1.74
631,000
23,542,000
0.05%
2022-11-17
M&T Bank Corp
-
-
508,000
3,015,000
0.01%

1–10 of 43

Latest Funds Activity

Are funds buying TYL calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own TYL

Tyler Tech News

InvestorsObserver

Ambarella Inc. Down 1.83% To $72.58 After Earnings Beat.2 days ago

TYL Fair Value

Recent SEC filings of Tyler Tech

View All Filings
Date Filed Form Type Document
Nov 15, 2022
4
Insider Trading
Oct 27, 2022
10-Q
Quarterly Report
Oct 26, 2022
8-K
Current Report
Oct 04, 2022
4
Insider Trading
Aug 26, 2022
4
Insider Trading

Latest Insider Trading transactions for TYL

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-11
MILLER BRIAN K
SOLD
-804,316
321.726
-2,500
Executive VP and CFO
2022-08-25
Puckett Jeffrey David
SOLD
-1,523,930
390.152
-3,906
Chief Operating Officer
2022-08-25
Puckett Jeffrey David
ACQUIRED
359,625
92.0698
3,906
Chief Operating Officer
2022-08-24
Puckett Jeffrey David
ACQUIRED
8,121
81.21
100
Chief Operating Officer
2022-08-24
Puckett Jeffrey David
SOLD
-345,960
390.033
-887
Chief Operating Officer
2022-08-19
Puckett Jeffrey David
ACQUIRED
40,944.2
82.883
494
Chief Operating Officer
2022-08-19
Puckett Jeffrey David
SOLD
-523,724
400.707
-1,307
Chief Operating Officer
2022-08-18
Puckett Jeffrey David
SOLD
-912,144
405.397
-2,250
Chief Operating Officer
2022-08-18
Puckett Jeffrey David
ACQUIRED
153,382
68.17
2,250
Chief Operating Officer
2022-06-30
MOORE H LYNN JR
ACQUIRED
4,976.42
282.608
17.6089
President and CEO

1–10 of 50

H. Lynn Moore
6800
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.

TYL Income Statement

2022-09-30
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:    
Total revenues$ 473,191$ 459,873$ 1,397,983$ 1,158,750
Cost of revenues:    
Total cost of revenues268,528263,657807,453636,266
Gross profit204,663196,216590,530522,484
Selling, general and administrative expenses103,619101,847301,216289,543
Research and development expense25,19024,00272,51769,243
Amortization of other intangibles14,94114,18343,25931,015
Operating income60,91356,184173,538132,683
Interest expense(9,258)(5,396)(20,276)(18,311)
Other income, net1314457121,249
Income before income taxes51,78651,233153,974115,621
Income tax (benefit) provision(1,447)7,06320,8118,945
Net income$ 53,233$ 44,170$ 133,163$ 106,676
Earnings per common share:    
Basic (in usd per share)$ 1.28$ 1.08$ 3.21$ 2.61
Diluted (in usd per share)$ 1.26$ 1.04$ 3.14$ 2.53
Software licenses and royalties    
Revenues:    
Total revenues$ 20,269$ 22,673$ 51,784$ 55,210
Cost of revenues:    
Total cost of revenues3,1621,5478,6404,151
Subscriptions    
Revenues:    
Total revenues254,346252,942755,604554,979
Professional services    
Revenues:    
Total revenues63,18054,624187,802155,601
Maintenance    
Revenues:    
Total revenues117,338117,833351,182356,566
Appraisal services    
Revenues:    
Total revenues8,6387,14625,96819,876
Cost of revenues:    
Total cost of revenues5,7834,50617,69513,552
Hardware and other    
Revenues:    
Total revenues9,4204,65525,64316,518
Cost of revenues:    
Total cost of revenues6,0332,76419,2199,845
Amortization of acquired software    
Cost of revenues:    
Total cost of revenues13,62212,89640,88232,683
Subscriptions, professional services and maintenance    
Cost of revenues:    
Total cost of revenues$ 239,928$ 241,944$ 721,017$ 576,035

TYL Balance Sheet

2022-09-30
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 185,927$ 309,171
Accounts receivable (less allowance for losses and sales adjustments of $14,057 in 2022 and $12,086 in 2021)561,780521,059
Short-term investments39,36052,300
Prepaid expenses59,09655,513
Income tax receivable7,37918,137
Other current assets6,6088,151
Total current assets860,150964,331
Accounts receivable, long-term9,21313,937
Operating lease right-of-use assets53,20239,720
Property and equipment, net175,196181,193
Other assets:  
Software development costs, net51,09228,489
Goodwill2,449,4052,359,674
Other intangibles, net1,004,0451,052,493
Non-current investments22,62746,353
Other non-current assets50,44345,971
Assets, Total4,675,3734,732,161
Current liabilities:  
Accounts payable108,121119,988
Accrued liabilities134,313158,424
Operating lease liabilities10,58110,560
Deferred revenue529,233510,529
Current portion of term loans30,00030,000
Total current liabilities812,248829,501
Revolving credit facility00
Term loans452,138718,511
Convertible senior notes due 2026, net594,054592,765
Deferred revenue, long-term2,47338
Deferred income taxes203,204228,085
Operating lease liabilities, long-term49,75936,336
Other long-term liabilities14,1992,893
Total liabilities2,128,0752,408,129
Commitments and contingencies00
Shareholders' equity:  
Preferred stock, $10.00 par value; 1,000,000 shares authorized; none issued00
Common stock, $0.01 par value; 100,000,000 shares authorized; 48,147,969 shares issued and outstanding as of September 30, 2022 and December 31, 2021481481
Additional paid-in capital1,164,3591,075,650
Accumulated other comprehensive loss, net of tax(846)(46)
Retained earnings1,406,7771,273,614
Treasury stock, at cost; 6,525,259 and 6,832,640 shares in 2022 and 2021, respectively(23,473)(25,667)
Total shareholders' equity2,547,2982,324,032
Liabilities and Equity, Total$ 4,675,373$ 4,732,161