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TYL logo TYL
Upturn stock ratingUpturn stock rating
TYL logo

Tyler Technologies Inc (TYL)

Upturn stock ratingUpturn stock rating
$584.53
Delayed price
upturn advisory
PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
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Upturn Advisory Summary

04/01/2025: TYL (2-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

AI Based Fundamental Rating

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Outstanding Performance

These Stocks/ETFs, based on Upturn Advisory, have historically outperformed the market, making them a top-tier choice for investors.

Analysis of Past Performance

Type Stock
Historic Profit 48.48%
Avg. Invested days 83
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 5.0
Stock Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 04/01/2025

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 25.20B USD
Price to earnings Ratio 96.62
1Y Target Price 704.63
Price to earnings Ratio 96.62
1Y Target Price 704.63
Volume (30-day avg) 275822
Beta 0.8
52 Weeks Range 397.80 - 661.31
Updated Date 04/1/2025
52 Weeks Range 397.80 - 661.31
Updated Date 04/1/2025
Dividends yield (FY) -
Basic EPS (TTM) 6.05

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 12.3%
Operating Margin (TTM) 18.61%

Management Effectiveness

Return on Assets (TTM) 4.17%
Return on Equity (TTM) 8.32%

Valuation

Trailing PE 96.62
Forward PE 52.91
Enterprise Value 25067465763
Price to Sales(TTM) 11.79
Enterprise Value 25067465763
Price to Sales(TTM) 11.79
Enterprise Value to Revenue 11.73
Enterprise Value to EBITDA 53.74
Shares Outstanding 43106600
Shares Floating 42791849
Shares Outstanding 43106600
Shares Floating 42791849
Percent Insiders 0.4
Percent Institutions 95.58

Analyst Ratings

Rating 4.11
Target Price 666.45
Buy 7
Strong Buy 7
Buy 7
Strong Buy 7
Hold 5
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Tyler Technologies Inc

stock logo

Company Overview

overview logo History and Background

Tyler Technologies was founded in 1966 as Saturn Systems, Inc. In 1997, it became Tyler Technologies, focusing on providing integrated technology solutions for the public sector. Through organic growth and strategic acquisitions, Tyler has become a leader in its field.

business area logo Core Business Areas

  • Enterprise Resource Planning (ERP) & Financial Management: Provides software and services to manage financial, human resources, and other administrative functions for government entities.
  • Property Tax and Appraisal: Offers software solutions for property appraisal, tax assessment, and tax collection processes.
  • Judicial and Public Safety: Delivers case management, court management, and public safety solutions to courts, law enforcement, and corrections agencies.
  • Planning, Regulatory, and Maintenance: Offers permitting, licensing, code enforcement, and asset management solutions for local governments.

leadership logo Leadership and Structure

Lynn Moore, Jr. serves as the Chief Executive Officer. The company operates with a hierarchical structure with various business units reporting to executive leadership.

Top Products and Market Share

overview logo Key Offerings

  • EnerGov: A permitting, planning, and land management software suite. Competitors include Accela and OpenGov. Market share data specific to EnerGov is not publicly available, but Tyler Technologies holds a significant portion of the overall market for government ERP and public administration software. EnerGov likely contributes a significant portion of the Planning, Regulatory, and Maintenance segment revenue.
  • Odyssey: A court case management system used by courts across the US. Competitors include Thomson Reuters and various smaller regional providers. Market share is substantial within this niche, and a large part of the Judicial and Public Safety segment revenue stems from Odyssey.
  • Munis: An ERP solution primarily for local governments and schools. Key competitors include Workday and Oracle. Munis is one of Tyler Technologies most important solutions and it is also used by thousands of clients.

Market Dynamics

industry overview logo Industry Overview

The market for government technology is growing, driven by the need for efficiency, modernization, and improved citizen services. Cloud computing, data analytics, and cybersecurity are key trends shaping the industry.

Positioning

Tyler Technologies is a leading provider of integrated software and services for the public sector. Its competitive advantages include a broad product portfolio, a large customer base, and a strong reputation for reliability.

Total Addressable Market (TAM)

The total addressable market for government technology is estimated to be in the tens of billions of dollars annually. Tyler Technologies captures a meaningful share of this TAM and is well-positioned for continued growth.

Upturn SWOT Analysis

Strengths

  • Strong market position in government sector
  • Comprehensive product portfolio
  • High customer retention rates
  • Proven track record of successful implementations

Weaknesses

  • Reliance on government spending cycles
  • Integration challenges with acquired companies
  • Potential for slower growth compared to pure-play cloud vendors
  • Can be perceived as expensive for smaller government entities

Opportunities

  • Expansion into new geographic markets
  • Increased adoption of cloud-based solutions
  • Growing demand for data analytics and cybersecurity solutions
  • Leveraging AI and machine learning to enhance product offerings

Threats

  • Increased competition from larger tech companies
  • Cybersecurity threats and data breaches
  • Economic downturns affecting government budgets
  • Changing regulatory landscape

Competitors and Market Share

competitor logo Key Competitors

  • ACCA
  • TYL
  • MSFT
  • ORCL
  • SAP

Competitive Landscape

Tyler Technologies has a significant lead in government technology, but faces competition from specialized vendors and larger tech companies like Microsoft and Oracle. Its focus on the public sector and comprehensive product suite provide a competitive advantage. ACCA competes with Tyler but is more a niche player in terms of size.

Major Acquisitions

NIC Inc.

  • Year: 2021
  • Acquisition Price (USD millions): 2300
  • Strategic Rationale: Expanded Tyler's digital government solutions and enhanced citizen engagement capabilities.

Growth Trajectory and Initiatives

Historical Growth: Tyler Technologies has experienced strong growth through a combination of organic expansion and strategic acquisitions. Revenue has grown steadily over the past decade.

Future Projections: Analysts generally expect Tyler Technologies to continue growing at a healthy pace, driven by increasing demand for government technology solutions. Revenue growth rates are projected to be in the mid-single digits to low double digits.

Recent Initiatives: Recent initiatives include expanding cloud-based offerings, investing in data analytics capabilities, and pursuing strategic acquisitions.

Summary

Tyler Technologies is a strong company with a leading position in the government technology market. Its comprehensive product portfolio and focus on the public sector have driven consistent growth. Potential challenges include increased competition and the need to adapt to evolving technology trends. Its acquisition strategy also helps in keeping up with the market.

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Sources and Disclaimers

Data Sources:

  • Company filings
  • Industry reports
  • Analyst estimates

Disclaimers:

The information provided is for informational purposes only and should not be considered financial advice. Market share data and financial figures are estimates and may vary.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Tyler Technologies Inc

Exchange NYSE
Headquaters Plano, TX, United States
IPO Launch date 1987-12-30
CEO, President & Director Mr. H. Lynn Moore Jr.
Sector Technology
Industry Software - Application
Full time employees 7400
Full time employees 7400

Tyler Technologies, Inc. provides integrated software and technology management solutions for the public sector. It operates in two segments, Enterprise Software and Platform Technologies. The company offers platform and transformative technology solutions, including cybersecurity, threat detection and response, customized employee training, and vulnerability testing; data and insights, and digital solutions; billing, presentment, merchant onboarding, collections, reconciliation, and disbursements; and outdoor recreation solutions for use in campsite reservations, activity registrations, licensing sales and renewals, and real-time data for conservation and park management. It also provides public administration solutions comprising civil services for managing permitting, enforcement, health and safety inspections, compliance, maintenance and work orders, 311 requests, and others; financial applications with human resources, revenue management, tax billing, utilities, asset management, and payment processing; property tax life cycle, including appraisal services, valuation, tax billing and collections, assessment administration, land and official records; and licensing and regulatory management solutions. In addition, the company offers courts and public safety solutions, K-12 education solutions, and health and human services solutions. Tyler Technologies, Inc. has a strategic collaboration agreement with Amazon Web Services for cloud hosting services. The company was founded in 1966 and is headquartered in Plano, Texas.

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