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Tyler Technologies Inc Stock Research

TYL

329.48USD+6.93(+2.15%)Market Closed

Market Summary

USD329.48+6.93
Market Closed
2.15%

TYL Alerts

TYL Stock Price

TYL RSI Chart

TYL Valuation

Market Cap

15.9B

Price/Earnings (Trailing)

96.59

Price/Sales (Trailing)

8.57

EV/EBITDA

52.68

Price/Free Cashflow

44.2

TYL Price/Sales (Trailing)

TYL Profitability

EBT Margin

10.14%

Return on Equity

6.26%

Return on Assets

3.5%

Free Cashflow Yield

2.26%

TYL Fundamentals

TYL Revenue

Revenue (TTM)

1.9B

Revenue Y/Y

4.31%

Revenue Q/Q

-4.43%

TYL Earnings

Earnings (TTM)

164.2M

Earnings Y/Y

-43.27%

Earnings Q/Q

-41.62%

Price Action

52 Week Range

281.11453.03
(Low)(High)

Last 7 days

-0.6%

Last 30 days

-1.5%

Last 90 days

2.9%

Trailing 12 Months

-24.5%

TYL Financial Health

Current Ratio

0.95

Debt/Equity

0.41

Debt/Cashflow

0.35

TYL Investor Care

Diluted EPS (TTM)

3.87

Peers (Alternatives to Tyler Tech)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.1T
204.1B
11.55% -7.07%
30.98
10.24
10.38% -5.25%
237.2B
46.1B
1.96% 8.47%
26.96
5.15
11.29% -14.28%
189.5B
31.4B
16.34% -11.18%
911.01
6.04
19.41% -85.60%
173.2B
17.6B
7.52% -13.23%
36.42
9.84
11.54% -1.37%
20.4B
4.4B
-5.93% -41.37%
196.74
4.64
7.15% -92.46%
12.1B
-
-7.60% 30.28%
44.35
17.39
- -
MID-CAP
9.6B
631.5M
-1.97% 16.85%
-45.68
15.19
33.30% -26.60%
9.2B
767.1M
3.22% 4.63%
71.04
11.94
15.59% 16.73%
6.4B
869.9M
7.80% -18.19%
-32.37
7.38
13.87% -103.37%
2.9B
468.0M
-7.97% -36.63%
-19.31
6.23
26.74% -70.26%
2.4B
308.3M
1.17% 7.67%
-23.16
7.93
13.75% -237.98%
SMALL-CAP
1.2B
383.7M
7.01% -39.43%
-9.85
3.22
14.43% -50.89%
1.1B
399.9M
31.21% 29.01%
-13.97
2.84
4.73% 8.15%
136.0M
317.3M
-51.83% -75.83%
-1.99
0.43
5.06% -17.52%

Financials for Tyler Tech

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue1.0%1,8501,8321,8181,7541,592
Gross Profit0.8%784778769758710
  S&GA Expenses4.2%136130129138119
EBITDA-2.6%318327326297-
EBITDA Margin-3.6%0.17*0.18*0.18*0.17*-
Earnings Before Taxes-4.9%188197197172159
EBT Margin-5.9%0.10*0.11*0.11*0.10*-
Interest Expenses-12.3%-28.38-25.26-21.40-27.62-23.30
Net Income-12.6%164188179164161
Net Income Margin-13.5%0.09*0.10*0.10*0.09*-
Free Cahsflow4.3%359344418322-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets0.3%4,6874,6754,7874,7244,732
  Current Assets-1.5%847860957860964
    Cash Equivalents-6.5%174186253243309
  Net PPE-1.4%173175178178181
  Goodwill1.6%2,4892,4492,4502,4412,360
Liabilities-3.1%2,0632,1282,3292,3362,408
  Current Liabilities9.5%890812834766830
  Long Term Debt-14.8%1,0761,2631,3221,341-
    LT Debt, Current0%30.0030.0030.0030.00-
    LT Debt, Non Current-15.2%1,0461,2331,292719-
Shareholder's Equity3.0%2,6242,5472,4582,3882,324
  Retained Earnings2.2%1,4381,4071,3541,3141,274
  Additional Paid-In Capital3.9%1,2101,1641,1291,0991,076
Accumulated Depreciation-141----
Shares Outstanding0%48.0048.0048.0048.00-
Cashflow (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations1.8%381375451354372
  Share Based Compensation0.6%103102105104105
Cashflow From Investing-30.8%-172-131-202-2,162-2,090
Cashflow From Financing-18.3%-344-290-2118011,425
  Buy Backs-100.0%0.000.000.0013.00-

Risks for TYL

What is the probability of a big loss on TYL?

59.2%


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

18.9%


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

11.5%


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.

Drawdowns

Returns for TYL

Cumulative Returns on TYL

18.6%


10-Year Cumulative Returns

15.3%


7-Year Cumulative Returns

9.7%


5-Year Cumulative Returns

6.7%


3-Year Cumulative Returns

What are the long-term rolling returns for TYL?

FIve years rolling returns for Tyler Tech.

Annualized Returns

Which funds bought or sold TYL recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
1.19
-5,347,600
82,140,400
0.09%
2023-03-06
NORTH STAR ASSET MANAGEMENT INC
added
3.83
-305,762
8,021,240
0.50%
2023-03-06
Rockefeller Capital Management L.P.
added
4.77
-9,000
311,000
-%
2023-03-02
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA
new
-
1,139,720
1,139,720
0.01%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
reduced
-40.55
-142,609
175,391
0.10%
2023-02-28
Voya Investment Management LLC
added
1.71
-479,570
8,025,430
0.01%
2023-02-24
SRS Capital Advisors, Inc.
reduced
-21.21
-8,852
25,148
-%
2023-02-24
National Pension Service
added
8.33
106,405
23,648,100
0.05%
2023-02-24
NATIXIS
sold off
-100
-890,000
-
-%
2023-02-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
-94,000
1,214,000
0.01%

1–10 of 47

Latest Funds Activity

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

Tyler Tech News

Mainebiz

Tyler Technologies honors 2022 Maine App Challenge winners.

Mainebiz,
9 months ago

Krebs on Security

Business Wire

Business Wire

Business Wire

Schedule 13G FIlings of Tyler Tech

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
11.41%
4,752,857
SC 13G/A
Jan 31, 2023
blackrock inc.
7.4%
3,090,957
SC 13G/A
Feb 10, 2022
vanguard group inc
11.07%
4,536,823
SC 13G/A
Jan 27, 2022
blackrock inc.
10.4%
4,243,121
SC 13G/A
Jan 25, 2022
blackrock inc.
10.4%
4,243,121
SC 13G/A
Feb 10, 2021
vanguard group inc
11.09%
4,471,328
SC 13G/A
Jan 27, 2021
blackrock inc.
11.1%
4,483,188
SC 13G/A
Jul 10, 2020
vanguard group inc
11.34%
4,508,634
SC 13G/A
Feb 14, 2020
brown capital management llc
4.76%
1,854,286
SC 13G/A
Feb 12, 2020
vanguard group inc
9.42%
3,673,176
SC 13G/A

TYL Fair Value

Tyler Tech fair value in different scenarios

The table shows the Fair Value estimates for Tyler Tech for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

-

-

-

-

-

-

-

-

-

-
Current Inflation

92.47

-71.93%

113.79

-65.46%

154.24

-53.19%

205.54

-37.62%

245.16

-25.59%
Very High Inflation

-

-

-

-

-

-

-

-

-

-

Historical Tyler Tech Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Tyler Tech

View All Filings
Date Filed Form Type Document
Mar 16, 2023
4
Insider Trading
Mar 15, 2023
4
Insider Trading
Mar 15, 2023
4
Insider Trading
Mar 15, 2023
4
Insider Trading
Mar 14, 2023
144
Notice of Insider Sale Intent
Mar 14, 2023
4
Insider Trading
Mar 13, 2023
4
Insider Trading
Mar 13, 2023
4
Insider Trading
Mar 08, 2023
4/A
Insider Trading
Mar 08, 2023
4/A
Insider Trading

Latest Insider Trading transactions for TYL

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-14
Carter Glenn A
sold
-322,726
322
-1,000
-
2023-03-14
MARR JOHN S JR
sold
-2,439,370
325
-7,500
executive chairman
2023-03-14
MILLER BRIAN K
sold
-273,495
326
-838
executive vp and cfo
2023-03-14
Carter Glenn A
acquired
77,190
77.19
1,000
-
2023-03-10
MARR JOHN S JR
sold
-730,999
313
-2,332
executive chairman
2023-03-10
Pope Daniel M
sold
-560,595
315
-1,775
-
2023-03-10
Pope Daniel M
acquired
557,245
167
3,334
-
2023-03-09
MILLER BRIAN K
sold
-1,185,920
325
-3,639
executive vp and cfo
2023-03-09
MARR JOHN S JR
sold
-1,586,400
325
-4,868
executive chairman
2023-03-03
MOORE H LYNN JR
sold
-1,442,770
326
-4,417
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

2022-12-31
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:   
Total revenues$ 1,850,204$ 1,592,287$ 1,116,663
Cost of revenues:   
Total cost of revenues1,066,341882,643574,151
Gross profit783,863709,644542,512
Sales and marketing expense135,743118,62498,466
General and administrative expense267,324271,955161,095
Research and development expense105,18493,48188,363
Amortization of other intangibles61,36344,84921,662
Operating income214,249180,735172,926
Interest expense(28,379)(23,298)(1,013)
Other income, net1,7231,5443,129
Income before income taxes187,593158,981175,042
Income tax provision (benefit)23,353(2,477)(19,778)
Net income$ 164,240$ 161,458$ 194,820
Earnings per common share:   
Basic (in dollars per share)$ 3.95$ 3.95$ 4.87
Diluted (in dollars per share)$ 3.87$ 3.82$ 4.69
Subscriptions   
Revenues:   
Total revenues$ 1,012,304$ 784,435$ 350,648
Maintenance   
Revenues:   
Total revenues468,455474,287467,513
Professional services   
Revenues:   
Total revenues243,117209,391186,409
Subscriptions, maintenance and professional services   
Cost of revenues:   
Total cost of revenues953,897799,158510,504
Software licenses and royalties   
Revenues:   
Total revenues59,40674,45273,164
Cost of revenues:   
Total cost of revenues6,0833,5523,339
Amortization of software development   
Cost of revenues:   
Total cost of revenues6,5072,3250
Amortization of acquired software   
Cost of revenues:   
Total cost of revenues52,19245,60131,962
Appraisal services   
Revenues:   
Total revenues34,50827,78821,127
Cost of revenues:   
Total cost of revenues23,98819,06115,945
Hardware and other   
Revenues:   
Total revenues32,41421,93417,802
Cost of revenues:   
Total cost of revenues$ 23,674$ 12,946$ 12,401

TYL Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 173,857$ 309,171
Accounts receivable (less allowance for losses and sales adjustments of $14,761 in 2022 and $12,086 in 2021)577,257521,059
Short-term investments37,03052,300
Prepaid expenses50,85955,513
Income tax receivable018,137
Other current assets8,2398,151
Total current assets847,242964,331
Accounts receivable, long-term8,27113,937
Operating lease right-of-use assets50,98939,720
Property and equipment, net172,786181,193
Other assets:  
Software development costs, net48,18928,489
Goodwill2,489,3082,359,674
Other intangibles, net1,002,1641,052,493
Non-current investments18,50846,353
Other non-current assets49,96045,971
Total assets4,687,4174,732,161
Current liabilities:  
Accounts payable104,813119,988
Accrued liabilities131,941158,424
Operating lease liabilities10,73610,560
Income tax payable43,6670
Deferred revenue568,538510,529
Current portion of term loans30,00030,000
Total current liabilities889,695829,501
Revolving line of credit00
Term loans, net362,905718,511
Convertible senior notes due 2026, net594,484592,765
Deferred revenue, long-term2,03738
Deferred income taxes148,891228,085
Operating lease liabilities, long-term48,04936,336
Other long-term liabilities16,9672,893
Total liabilities2,063,0282,408,129
Commitments and contingencies00
Shareholders' equity:  
Preferred stock, $10.00 par value; 1,000,000 shares authorized; none issued00
Common stock, $0.01 par value; 100,000,000 shares authorized; 48,147,969 shares issued in 2022 and 2021481481
Additional paid-in capital1,209,7251,075,650
Accumulated other comprehensive loss, net of tax(844)(46)
Retained earnings1,437,8541,273,614
Treasury stock, at cost; 6,364,991 and 6,832,640 shares in 2022 and 2021, respectively(22,827)(25,667)
Total shareholders' equity2,624,3892,324,032
Total liabilities and shareholders' equity$ 4,687,417$ 4,732,161