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How to Buy Tyler Technologies Stock

Tyler Technologies Inc

Tyler Technologies is a app company located in Texas, United States, which is part of the Technology sector, and is traded under the ticker TYL on the NYSE exchange.

Tyler Technologies stock last closed at $420.60, up 0.6% from the previous day, and has increased 26.59% in one year. It has underperformed other stocks in the Software - Application industry by 0.12 percentage points. Tyler Technologies stock is currently +26.27% from its 52-week low of $333.09, and -7.51% from its 52-week high of $454.74.

There are currently 42.28M shares of TYL outstanding. The market cap of TYL is $17.78B. In the last 24 hours, 263,361 TYL shares were traded.

How to Buy Tyler Technologies Stock

Wondering how to invest in Tyler Technologies stock? Here's how.
  1. Figure out where to buy Tyler Technologies stock: You need to decide on a stock brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you figure out where to buy Tyler Technologies stock.
  2. Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Fund your investment account: Choose your method of payment and add your info.
  4. Evaluate Tyler Technologies stock: The Tyler Technologies ticker symbol is TYL. Is Tyler Technologies stock a good investment? Should you buy shares of TYL? How do TYL's underlying business fundamentals look? Do top analysts think Tyler Technologies is a good buy? Why has TYL's stock price moved recently? (Hint: Our stock analysis website can help you evaluate if TYL is a good stock to buy).
  5. Execute your TYL buy order: Decide if you will purchase TYL shares at the current market price or use a limit order to purchase TYL shares at a specific price.
  6. Keep tabs on your TYL investment: Create a watchlist to track your new investment in Tyler Technologies shares.

Step 1: Figure out where to buy Tyler Technologies stock

You need a brokerage account to access the NYSE market and buy TYL stock.

A brokerage account allows you to buy and sell a variety of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Open your brokerage account

Now that you've selected your brokerage, it's time to fill out some personal information so you can invest in TYL stock today.

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  1. Click here to get started.
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  2. Input your personal info to create a new brokerage account.
  1. Send your information by clicking the "Create Account" button.
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Step 3: Fund your investment account

Now that you have finished signing up on a good stock buying app, you can securely and quickly fund your account:

Check out the tutorial below to see the process of depositing funds into your new investment account.

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Step 4: Evaluate Tyler Technologies stock

Once you have figured out the best place to buy Tyler Technologies stock, it's very important to evaluate their stock prior to investing, so you actually comprehend the risk and upside.

Tyler Technologies stock at a glance

TYL Price
$420.60
1w %
0%
1y %
26.59%
5y %
110.46%
P/E
106.48x
P/B
6.05x
P/S
9.11x
PEG
257.85x
Revenue
$1.95B
Earnings
$165.92M
Fore. Rev. Growth
8.77%
Fore. Earn. Growth
N/A
Market Cap
$17.78B
Next Earnings
Apr 24, 2024
Next Dividend
N/A

TYL Due Diligence Checks

WallStreetZen was created to help part-time investors do better fundamental analysis in less time.

You can view all of the due diligence checks on TYL's stock page.

Is TYL stock undervalued or overvalued?

Investors use a variety of different financial metrics, analyses, models, and charts to gauge TYL's intrinsic value.

Using relative valuations ratios:

  • TYL may be overvalued based on its P/E ratio of 106.48x, relative to Software - Application industry P/E ratio of 102.09x
  • TYL may be undervalued based on its P/B ratio of 6.05x, relative to Software - Application industry P/B ratio of 6.94x
  • TYL may be overvalued based on its PEG ratio of 257.85x

You can access more valuation research on TYL's stock here.

TYL Financial Health

Positive Financial Indicators:

  • TYL's operating cash flow of $380.44M allows it to safely service it's debt of $696.89M.
  • TYL earnings of $221.87M is not enough to cover its interest payments.
  • There are more short-term assets than long-term liabilities on the TYL balance sheet.

Negative Financial Indicators:

  • TYL profit margin has gone down from 8.9% to 8.5% in the past year.
  • There are more short-term liabilities than short-term assets on the TYL balance sheet.
  • TYL has a relatively high debt to equity ratio of 0.59.
  • Total TYL debt is higher than 5 years ago, relative to shareholder equity.

Do analysts think it's a good time to buy Tyler Technologies stock

Out of 7 sell side analysts who give ratings on TYL, the consensus analyst rating on TYL is a Strong Buy

Please keep in mind that analyst forecasts are not recommendations, nor are they financial advice.

Latest TYL Analyst Upgrades/Downgrades

Terry Tillman, a top 16% analyst from Truist Securities maintains TYL with a strong buy rating and raises their TYL price target from $475.00 to $510.00, on Nov 3, 2023.

Ken Wong, a top 17% analyst from Oppenheimer maintains TYL with a buy rating and raises their TYL price target from $450.00 to $480.00, on Nov 3, 2023.

You can dive deeper into what analysts are forecasting on the Tyler Technologies stock forecast page.

TYL Technical Indicators

SMA10
419.53
SMA20
423.45
SMA50
429.9
SMA100
421.15
SMA200
405.62
MACD
-3.09
MACD Signal
-2.91
MACD Histogram
-0.17
RSI
45.66
Stochastic %K
41.68
Stochastic %D
38.05
StochRSI %K
53.67
StochRSI %D
51.84

TYL Performance Numbers

Last year, TYL earnings were $165.92M. During the last five year, TYL's earnings have gone up by 0.57% per year. This was slower than the Software - Application industry average of 31.18%.

Last year, TYL revenue was $1.95B. In the past 5 year, TYL's revenue has gone up by 15.85% per year. This was slower than the Software - Application industry average of 27.46%.

Dive into TYL's earnings and revenue performance here.

Latest Insiders Trades at TYL

In the last year, insiders at TYL have sold more shares than they have bought.

John S. Marr Jr., Executive Chair of the Board of TYL, was the latest TYL insider to sell. They sold $2,578.29 worth of TYL shares on Mar 13, 2024.

Get more info about who owns TYL shares here.

Does TYL stock generate passive income?

No, Tyler Technologies doesn't provide an income stream by paying out dividends.

TYL Social Trading Data

One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.

Click below to see what other community members have to say.

Step 5: Execute your TYL buy order

You have two primary order types:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are mostly the easiest way to buy.
  • Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
    If you want to ensure you're buying or selling at an exact price limit, use a limit order.

Click the Open Trade button and eToro will execute the order.

If you require more help investing in stocks on eToro, click the helpful video below:

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Step 6: Keep tabs on your TYL investment

Now that you own some TYL shares, you'll want to stay up-to-date on your new investment.

Create a watchlist to keep tabs on your TYL stock.

TYL Feed

How to Buy Stock in Tyler Technologies

To reiterate, here are the 6 steps you need to take to buy Tyler Technologies stock right now:

  1. Figure out where to buy Tyler Technologies stock
  2. Open your brokerage account
  3. Fund your investment account
  4. Evaluate Tyler Technologies stock
  5. Execute your TYL buy order
  6. Keep tabs on your TYL investment

If you require a brokerage, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to keep an eye on your investment in Tyler Technologies, add TYL to your watchlist by clicking the button below.

NYSE: TYL
$420.60+2.51 (+0.6%)
Updated Mar 27, 2024
Open eToro Account
NYSE: TYL
$420.60+2.51 (+0.6%)
Updated Mar 27, 2024
Open eToro Account

FAQ

How much does it cost to buy one Tyler Technologies share?

As of Mar 27, 2024, it costs $420.60 to buy one share of Tyler Technologies stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.238 shares of TYL.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Tyler Technologies stock?

According to 7 Wall Street analysts who monitor Tyler Technologies, their consensus recommendation is to buy Tyler Technologies stock.

What is the best way to buy Tyler Technologies stock?

One way to place an order for Tyler Technologies stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.