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.
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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.
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.
Investors use a variety of different financial metrics, analyses, models, and charts to gauge TYL's intrinsic value.
Using relative valuations ratios:
You can access more valuation research on TYL's stock here.
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.
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."
For Q3 2024, Tyler Technologies reported:
For FY 2024, management guided:
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.
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.
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.
No, Tyler Technologies doesn't provide an income stream by paying out dividends.
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