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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 $613.23, down 1.6% from the previous day, and has increased 47.28% in one year. It has overperformed other stocks in the Software - Application industry by 0.07 percentage points. Tyler Technologies stock is currently +54.15% from its 52-week low of $397.80, and -2.88% from its 52-week high of $631.43.

There are currently 42.8M shares of TYL outstanding. The market cap of TYL is $26.25B. In the last 24 hours, 259,188 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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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
$613.23
1w %
2.1%
1y %
47.28%
5y %
119.31%
P/E
109.9x
P/B
8.01x
P/S
12.63x
PEG
4.93x
Revenue
$2.08B
Earnings
$236.71M
Fore. Rev. Growth
6.91%
Fore. Earn. Growth
24.76%
Market Cap
$26.25B
Next Earnings
N/A
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 109.9x, relative to Software - Application industry P/E ratio of 20.05x
  • TYL may be overvalued based on its P/B ratio of 8.01x, relative to Software - Application industry P/B ratio of 7.83x
  • TYL may be overvalued based on its PEG ratio of 4.93x

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

TYL Financial Health

Positive Financial Indicators:

  • TYL's operating cash flow of $547.28M allows it to safely service it's debt of $641.83M.
  • TYL profit margin has gone up from 8.2% to 11.4% in the past year.
  • There are more short-term assets than long-term liabilities on the TYL balance sheet.
  • There are more short-term assets than short-term liabilities on the TYL balance sheet.
  • TYL earnings of $284.47M is not enough to cover its interest payments.

Negative Financial Indicators:

  • Total TYL debt is higher than 5 years ago, relative to shareholder equity.
  • TYL has a relatively high debt to equity ratio of 0.53.

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

Out of 12 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

Clarke Jeffries, a top 15% analyst from Piper Sandler maintains TYL with a strong buy rating and raises their TYL price target from $625.00 to $701.00, on Oct 25, 2024.

Piper Sandler's Clarke Jeffries raised their price target on Tyler Technologies (NYSE: TYL) by 12.2% from $625 to $701 on 2024/10/25. The analyst maintained their Strong Buy rating on the stock.

Tyler Technologies reported its Q3 2024 earnings on 2024/10/23.

Jeffries pointed out that the pace at which the company's largest customers are committing to SaaS contracts is picking up, evidence by migration ARR bookings up 57% YTD.

Overall and looking ahead, the analyst said that Piper Sandler believes that "Tyler Technologies' cloud-first journey and SaaS transition seems to only be accelerating and that the company is on the right track to achieve its 2030 targets."

Earnings Report

For Q3 2024, Tyler Technologies reported:

  • EPS of $2.52, which beat the Zacks Consensus Estimate of $2.44 and, by 17.8%, Q3 2023's $2.14.
  • Revenue of $543.3M, which missed the Zacks Consensus Estimate of $546.4M but beat Q3 2023's $494.7M by 9.8%.

For FY 2024, management guided:

  • EPS of $9.47 to $9.62, up from the prior $9.25 to $9.45.
  • Revenue of $2.125B to $2.145B, up from the prior $2.12B to $2.15B.

President & CEO Lynn Moore commented: "We carried our momentum from the first half of the year into Q3 and delivered remarkable results.

"SaaS and transaction revenues fueled our growth, as both exceeded our expectations. Even as SaaS adoption accelerated to 97% of our new software contract value, our non-GAAP operating margin expanded to 25.4%, benefiting from our cloud efficiency initiatives and improved professional services margins.

"Free cash flow reached a new quarterly high, up 55.5%.

"Activity in the public sector market remains robust and our elevated contract volume in Q3 reflects solid execution under our go-to-market strategy, including growing cross-sell wins.

"Annual recurring revenue added from new SaaS contracts in Q3 increased 55% over last year.

"We're also pleased that the total contract value signed this quarter for on-premises client flips to the cloud was more than triple that of last year's third quarter.

"While our progress toward our 2025 and 2030 targets will not be linear, our confidence in achieving those targets continues to grow with our success in executing against each of the pillars supporting those objectives.

"We have revised our FY 2024 guidance to reflect our YTD results and our positive outlook for the fourth quarter."

Joshua Reilly, a top 6% analyst from Needham reiterates TYL with a buy rating and maintains their TYL price target from $700.00 to $700.00, on Oct 24, 2024.

Peter Heckmann, a top 3% analyst from DA Davidson maintains TYL with a hold rating and raises their TYL price target from $525.00 to $550.00, on Oct 17, 2024.

Gabriela Borges, a top 15% analyst from Goldman Sachs maintains TYL with a strong buy rating and maintains their TYL price target from $627.00 to $627.00, on Sep 13, 2024.

Matt VanVliet, a bottom 13% analyst from BTIG maintains TYL with a strong buy rating and raises their TYL price target from $550.00 to $630.00, on Jul 26, 2024.

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

TYL Technical Indicators

SMA10
609.86
SMA20
602.2
SMA50
591.47
SMA100
569.05
SMA200
507.21
MACD
7.09
MACD Signal
6.18
MACD Histogram
0.91
RSI
58.05
Stochastic %K
71.32
Stochastic %D
63.02
StochRSI %K
78.71
StochRSI %D
70.75

TYL Performance Numbers

Last year, TYL earnings were $236.71M. During the last five year, TYL's earnings have gone up by 10.35% per year. This was slower than the Software - Application industry average of 78.07%.

Last year, TYL revenue was $2.08B. In the past 5 year, TYL's revenue has gone up by 14.85% per year. This was slower than the Software - Application industry average of 28.78%.

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.

Brian K. Miller, Executive VP and CFO of TYL, was the latest TYL insider to sell. They sold $1,561,025.00 worth of TYL shares on Nov 8, 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
$613.23-9.99 (-1.6%)
Updated Nov 11, 2024
Open eToro Account
NYSE: TYL
$613.23-9.99 (-1.6%)
Updated Nov 11, 2024
Open eToro Account

FAQ

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

As of Nov 11, 2024, it costs $613.23 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 0.163 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 12 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.