Market Summary
USD329.48+6.93
Market Closed2.15%
TYL Stock Price
TYL RSI Chart
TYL Valuation
TYL Price/Sales (Trailing)
TYL Profitability
TYL Fundamentals
TYL Revenue
TYL Earnings
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
TYL Investor Care
Peers (Alternatives to Tyler Tech)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
MSFT | 2.1T | 204.1B | 11.55% | -7.07% | 30.98 | 10.24 | 10.38% | -5.25% |
ORCL | 237.2B | 46.1B | 1.96% | 8.47% | 26.96 | 5.15 | 11.29% | -14.28% |
CRM | 189.5B | 31.4B | 16.34% | -11.18% | 911.01 | 6.04 | 19.41% | -85.60% |
ADBE | 173.2B | 17.6B | 7.52% | -13.23% | 36.42 | 9.84 | 11.54% | -1.37% |
ZM | 20.4B | 4.4B | -5.93% | -41.37% | 196.74 | 4.64 | 7.15% | -92.46% |
AZPN | 12.1B | - | -7.60% | 30.28% | 44.35 | 17.39 | - | - |
| MID-CAP | ||||||||
PLAN | 9.6B | 631.5M | -1.97% | 16.85% | -45.68 | 15.19 | 33.30% | -26.60% |
MANH | 9.2B | 767.1M | 3.22% | 4.63% | 71.04 | 11.94 | 15.59% | 16.73% |
GWRE | 6.4B | 869.9M | 7.80% | -18.19% | -32.37 | 7.38 | 13.87% | -103.37% |
APPN | 2.9B | 468.0M | -7.97% | -36.63% | -19.31 | 6.23 | 26.74% | -70.26% |
PING | 2.4B | 308.3M | 1.17% | 7.67% | -23.16 | 7.93 | 13.75% | -237.98% |
| SMALL-CAP | ||||||||
ZUO | 1.2B | 383.7M | 7.01% | -39.43% | -9.85 | 3.22 | 14.43% | -50.89% |
YEXT | 1.1B | 399.9M | 31.21% | 29.01% | -13.97 | 2.84 | 4.73% | 8.15% |
UPLD | 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) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 1.0% | 1,850 | 1,832 | 1,818 | 1,754 | 1,592 |
| Gross Profit | 0.8% | 784 | 778 | 769 | 758 | 710 |
| S&GA Expenses | 4.2% | 136 | 130 | 129 | 138 | 119 |
| EBITDA | -2.6% | 318 | 327 | 326 | 297 | - |
| EBITDA Margin | -3.6% | 0.17* | 0.18* | 0.18* | 0.17* | - |
| Earnings Before Taxes | -4.9% | 188 | 197 | 197 | 172 | 159 |
| 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% | 164 | 188 | 179 | 164 | 161 |
| Net Income Margin | -13.5% | 0.09* | 0.10* | 0.10* | 0.09* | - |
| Free Cahsflow | 4.3% | 359 | 344 | 418 | 322 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 0.3% | 4,687 | 4,675 | 4,787 | 4,724 | 4,732 |
| Current Assets | -1.5% | 847 | 860 | 957 | 860 | 964 |
| Cash Equivalents | -6.5% | 174 | 186 | 253 | 243 | 309 |
| Net PPE | -1.4% | 173 | 175 | 178 | 178 | 181 |
| Goodwill | 1.6% | 2,489 | 2,449 | 2,450 | 2,441 | 2,360 |
| Liabilities | -3.1% | 2,063 | 2,128 | 2,329 | 2,336 | 2,408 |
| Current Liabilities | 9.5% | 890 | 812 | 834 | 766 | 830 |
| Long Term Debt | -14.8% | 1,076 | 1,263 | 1,322 | 1,341 | - |
| LT Debt, Current | 0% | 30.00 | 30.00 | 30.00 | 30.00 | - |
| LT Debt, Non Current | -15.2% | 1,046 | 1,233 | 1,292 | 719 | - |
| Shareholder's Equity | 3.0% | 2,624 | 2,547 | 2,458 | 2,388 | 2,324 |
| Retained Earnings | 2.2% | 1,438 | 1,407 | 1,354 | 1,314 | 1,274 |
| Additional Paid-In Capital | 3.9% | 1,210 | 1,164 | 1,129 | 1,099 | 1,076 |
| Accumulated Depreciation | - | 141 | - | - | - | - |
| Shares Outstanding | 0% | 48.00 | 48.00 | 48.00 | 48.00 | - |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 1.8% | 381 | 375 | 451 | 354 | 372 |
| Share Based Compensation | 0.6% | 103 | 102 | 105 | 104 | 105 |
| Cashflow From Investing | -30.8% | -172 | -131 | -202 | -2,162 | -2,090 |
| Cashflow From Financing | -18.3% | -344 | -290 | -211 | 801 | 1,425 |
| Buy Backs | -100.0% | 0.00 | 0.00 | 0.00 | 13.00 | - |
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 ascending | Fund Name | Type | % 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% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Tyler Tech News
Schedule 13G FIlings of Tyler Tech
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form 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 Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very 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 ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
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 |
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
2022-12-31Consolidated 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 revenues | 1,066,341 | 882,643 | 574,151 |
| Gross profit | 783,863 | 709,644 | 542,512 |
| Sales and marketing expense | 135,743 | 118,624 | 98,466 |
| General and administrative expense | 267,324 | 271,955 | 161,095 |
| Research and development expense | 105,184 | 93,481 | 88,363 |
| Amortization of other intangibles | 61,363 | 44,849 | 21,662 |
| Operating income | 214,249 | 180,735 | 172,926 |
| Interest expense | (28,379) | (23,298) | (1,013) |
| Other income, net | 1,723 | 1,544 | 3,129 |
| Income before income taxes | 187,593 | 158,981 | 175,042 |
| 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 revenues | 468,455 | 474,287 | 467,513 |
| Professional services | |||
| Revenues: | |||
| Total revenues | 243,117 | 209,391 | 186,409 |
| Subscriptions, maintenance and professional services | |||
| Cost of revenues: | |||
| Total cost of revenues | 953,897 | 799,158 | 510,504 |
| Software licenses and royalties | |||
| Revenues: | |||
| Total revenues | 59,406 | 74,452 | 73,164 |
| Cost of revenues: | |||
| Total cost of revenues | 6,083 | 3,552 | 3,339 |
| Amortization of software development | |||
| Cost of revenues: | |||
| Total cost of revenues | 6,507 | 2,325 | 0 |
| Amortization of acquired software | |||
| Cost of revenues: | |||
| Total cost of revenues | 52,192 | 45,601 | 31,962 |
| Appraisal services | |||
| Revenues: | |||
| Total revenues | 34,508 | 27,788 | 21,127 |
| Cost of revenues: | |||
| Total cost of revenues | 23,988 | 19,061 | 15,945 |
| Hardware and other | |||
| Revenues: | |||
| Total revenues | 32,414 | 21,934 | 17,802 |
| Cost of revenues: | |||
| Total cost of revenues | $ 23,674 | $ 12,946 | $ 12,401 |
TYL Balance Sheet
2022-12-31Consolidated 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) | 577,257 | 521,059 |
| Short-term investments | 37,030 | 52,300 |
| Prepaid expenses | 50,859 | 55,513 |
| Income tax receivable | 0 | 18,137 |
| Other current assets | 8,239 | 8,151 |
| Total current assets | 847,242 | 964,331 |
| Accounts receivable, long-term | 8,271 | 13,937 |
| Operating lease right-of-use assets | 50,989 | 39,720 |
| Property and equipment, net | 172,786 | 181,193 |
| Other assets: | ||
| Software development costs, net | 48,189 | 28,489 |
| Goodwill | 2,489,308 | 2,359,674 |
| Other intangibles, net | 1,002,164 | 1,052,493 |
| Non-current investments | 18,508 | 46,353 |
| Other non-current assets | 49,960 | 45,971 |
| Total assets | 4,687,417 | 4,732,161 |
| Current liabilities: | ||
| Accounts payable | 104,813 | 119,988 |
| Accrued liabilities | 131,941 | 158,424 |
| Operating lease liabilities | 10,736 | 10,560 |
| Income tax payable | 43,667 | 0 |
| Deferred revenue | 568,538 | 510,529 |
| Current portion of term loans | 30,000 | 30,000 |
| Total current liabilities | 889,695 | 829,501 |
| Revolving line of credit | 0 | 0 |
| Term loans, net | 362,905 | 718,511 |
| Convertible senior notes due 2026, net | 594,484 | 592,765 |
| Deferred revenue, long-term | 2,037 | 38 |
| Deferred income taxes | 148,891 | 228,085 |
| Operating lease liabilities, long-term | 48,049 | 36,336 |
| Other long-term liabilities | 16,967 | 2,893 |
| Total liabilities | 2,063,028 | 2,408,129 |
| Commitments and contingencies | 0 | 0 |
| Shareholders' equity: | ||
| Preferred stock, $10.00 par value; 1,000,000 shares authorized; none issued | 0 | 0 |
| Common stock, $0.01 par value; 100,000,000 shares authorized; 48,147,969 shares issued in 2022 and 2021 | 481 | 481 |
| Additional paid-in capital | 1,209,725 | 1,075,650 |
| Accumulated other comprehensive loss, net of tax | (844) | (46) |
| Retained earnings | 1,437,854 | 1,273,614 |
| Treasury stock, at cost; 6,364,991 and 6,832,640 shares in 2022 and 2021, respectively | (22,827) | (25,667) |
| Total shareholders' equity | 2,624,389 | 2,324,032 |
| Total liabilities and shareholders' equity | $ 4,687,417 | $ 4,732,161 |