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TYL logo TYL
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Tyler Technologies Inc (TYL)

Upturn stock ratingUpturn stock rating
$539.46
Last Close (24-hour delay)
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PASS
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Upturn Advisory Summary

09/15/2025: TYL (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

19 Analysts rated it

Moderately tracked stock, growing coverage, gaining market and investor attention.

1 Year Target Price $678.78

1 Year Target Price $678.78

Analysts Price Target For last 52 week
$678.78 Target price
52w Low $513.52
Current$539.46
52w High $661.31

Analysis of Past Performance

Type Stock
Historic Profit 27.67%
Avg. Invested days 64
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
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 09/15/2025

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 23.58B USD
Price to earnings Ratio 78.08
1Y Target Price 678.78
Price to earnings Ratio 78.08
1Y Target Price 678.78
Volume (30-day avg) 19
Beta 0.89
52 Weeks Range 513.52 - 661.31
Updated Date 09/15/2025
52 Weeks Range 513.52 - 661.31
Updated Date 09/15/2025
Dividends yield (FY) -
Basic EPS (TTM) 6.98

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 13.66%
Operating Margin (TTM) 16.04%

Management Effectiveness

Return on Assets (TTM) 4.49%
Return on Equity (TTM) 9.07%

Valuation

Trailing PE 78.08
Forward PE 42.19
Enterprise Value 23326625831
Price to Sales(TTM) 10.5
Enterprise Value 23326625831
Price to Sales(TTM) 10.5
Enterprise Value to Revenue 10.39
Enterprise Value to EBITDA 45.49
Shares Outstanding 43261800
Shares Floating 43039012
Shares Outstanding 43261800
Shares Floating 43039012
Percent Insiders 0.38
Percent Institutions 98.67

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 a data processing service for Texas school districts. It evolved to focus on providing integrated software and technology services to the public sector, primarily local governments. Key milestones include strategic acquisitions and expansion into various public sector verticals.

business area logo Core Business Areas

  • Enterprise Resource Planning (ERP) & Financial Management: Provides software solutions for financial management, budgeting, procurement, and human resources for government entities.
  • Judicial & Public Safety: Offers software for courts, law enforcement, corrections, and public safety agencies.
  • Property Appraisal & Tax: Provides software solutions for property appraisal, tax assessment, and tax collection.
  • Land Management: Offers software for planning, permitting, licensing, and code enforcement.
  • Citizen Engagement: Provides solutions for citizen interaction, including online portals and mobile apps.
  • Data & Insights: Tools to collect, analyze and get insights from citizen and organizational data.

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 focusing on specific software solutions and geographic regions. Senior management directs strategy and operations across these divisions.

Top Products and Market Share

overview logo Key Offerings

  • Odyssey Courts & Justice Solution: A comprehensive case management system for courts and justice agencies. Estimated market share in the court case management software market is significant, competing with companies like Thomson Reuters and NEC. Difficult to specify exact number of users but has strong revenue with its recurring SaaS based model.
  • EnerGov: A land management and regulatory system that automates permitting, planning, and inspection processes. Competes with Accela and OpenGov. While specific market share data is unavailable, it is a leading solution in the land management sector.
  • Munis ERP: An ERP solution for local governments, offering financial management, human resources, and utility billing capabilities. Has a dominant market share in the mid-market ERP solutions for local government, competing with Workday and Oracle in the broader ERP space.

Market Dynamics

industry overview logo Industry Overview

The market for government technology is growing, driven by the need for modernization, efficiency, and citizen engagement. Cloud-based solutions, cybersecurity, and data analytics are key trends.

Positioning

Tyler Technologies is a leading provider of integrated software and technology services focused exclusively on the public sector. Its competitive advantage lies in its deep industry expertise, comprehensive product suite, and long-standing customer relationships.

Total Addressable Market (TAM)

The TAM for government technology is estimated to be in the tens of billions of dollars. Tyler Technologies is well-positioned to capture a significant share of this market through its established presence and expanding product offerings.

Upturn SWOT Analysis

Strengths

  • Strong market position in the public sector
  • Comprehensive and integrated product suite
  • Recurring revenue model through software-as-a-service (SaaS)
  • Long-standing customer relationships
  • Deep industry expertise

Weaknesses

  • Reliance on government spending cycles
  • Integration challenges with acquired companies
  • Potential for cybersecurity vulnerabilities
  • Can be slow to adopt newer technologies compared to smaller startups
  • High price point compared to some competitors

Opportunities

  • Increasing demand for cloud-based solutions
  • Growing need for cybersecurity in the public sector
  • Expansion into new government verticals and international markets
  • Leveraging data analytics for improved decision-making
  • Potential for further acquisitions

Threats

  • Increased competition from larger technology companies
  • Budget constraints in government agencies
  • Potential for data breaches and security incidents
  • Changes in government regulations and policies
  • Economic downturn impacting government spending

Competitors and Market Share

competitor logo Key Competitors

  • Accenture (ACN)
  • Oracle (ORCL)
  • Workday (WDAY)
  • Thomson Reuters (TRI)
  • NEC Corporation (6701.T)

Competitive Landscape

Tyler Technologies' competitive advantage lies in its focus on the public sector and its comprehensive product suite. Competitors like Accenture and Oracle have broader offerings, while Workday is stronger in HR. Thomson Reuters and NEC are in the court segment. This specialized approach allows Tyler to tailor solutions to the unique needs of government agencies.

Major Acquisitions

NIC Inc.

  • Year: 2021
  • Acquisition Price (USD millions): 2300
  • Strategic Rationale: This acquisition expanded Tyler's digital government and payments solutions, providing a platform for citizen engagement and online services.

Socrata

  • Year: 2018
  • Acquisition Price (USD millions): 150
  • Strategic Rationale: This acquisition enhanced Tyler's data and analytics capabilities, enabling government agencies to leverage data for improved decision-making.

Growth Trajectory and Initiatives

Historical Growth: Tyler Technologies has experienced significant growth over the past decade, fueled by organic expansion and strategic acquisitions.

Future Projections: Analysts project continued revenue growth for Tyler Technologies, driven by the increasing demand for government technology solutions. Earnings per share are also expected to rise.

Recent Initiatives: Recent initiatives include expanding cloud-based offerings, investing in cybersecurity solutions, and acquiring companies in complementary markets.

Summary

Tyler Technologies is a strong player in the government technology sector, bolstered by its focused approach and recurring revenue model. Its comprehensive product suite and industry expertise provide a competitive edge. However, it should remain vigilant about cybersecurity threats and potential challenges related to government budget cycles. Its strength in acquisitions has helped to grow significantly in the past 10 years.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Tyler Technologies Investor Relations
  • SEC Filings (10-K, 10-Q)
  • Market Research Reports
  • Analyst Reports

Disclaimers:

The information provided is for informational purposes only and should not be considered financial advice. Market share data is based on estimates and may vary. Investment decisions should be based on thorough research and consultation with a qualified financial advisor.

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 7542
Full time employees 7542

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.