Tyler Technologies, Inc. (TYL) Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
Tyler Technologies, Inc. (TYL), based in Plano, Texas, has established itself as a dominant player in the information technology sector, specializing in software applications aimed at enhancing public sector operations. Founded in 1966, the company operates within two primary segments: Enterprise Software and Platform Technologies. Tyler Technologies offers an extensive suite of integrated management solutions, including cybersecurity for government agencies, payment processing systems, and comprehensive public administration tools. Notably, the company’s strategic alliance with Amazon Web Services bolsters its cloud hosting capabilities, ensuring a leading edge in providing innovative, reliable solutions that streamline communication and data management for various public entities.
Investment Potential
The software application industry remains a promising investment avenue, and Tyler Technologies stands out with a total revenue of approximately $2.03 billion, showcasing its robust market presence. Currently priced at $577.80, the stock holds a target high price of $645.00, presenting an estimated upside of around 11.6%. Comparatively, the target mean price is set at $601.33, indicating moderate growth expectations. The company’s short interest constitutes about 1.65% of the float, suggesting generally positive investor sentiment, as only a small fraction of shares is being actively shorted. This positive outlook is further corroborated by a consensus among 17 market analysts, giving TYL a buy recommendation with a mean recommendation score of 1.9.
Recent Performance
Despite experiencing volatility, Tyler Technologies has recorded a fifty-two week high of $598.93, reflecting its potential for growth within the competitive software market. The stock’s current price is comfortably above its fifty-day average of $569.39, highlighting a favorable short-term trend. It’s worth noting that the stock dipped to a fifty-two week low of $361.16, indicating the inherent risks and opportunities present in this asset. As investor confidence remains high, fueled by strong revenue figures and a positive outlook from analysts, now may be an opportune time for those looking to capitalize on growth within the technology sector.
This concise report aims to provide a snapshot of Tyler Technologies, Inc. as a viable investment opportunity, focusing on the company’s strengths, market standing, and future potential.
| Metric | Value |
|---|---|
| Market Cap | $24.7b |
| Total Debt | $643.9m |
| Total Cash | $258.0m |
| Shares Outstanding | 42.7m |
| Float Shares | 42.4m |
Disclaimer:
The information provided in this monthly report is for informational purposes only and should not be construed as financial, investment, or trading advice. AltStation.io does not guarantee the accuracy, completeness, or timeliness of the data and analyses presented. The content is based on publicly available information, and while we strive to ensure its accuracy, errors and omissions may occur.
Investing in stocks, cryptocurrencies, and other financial instruments involves significant risk, including the potential loss of principal. Past performance is not indicative of future results. Readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions. AltStation.io and its affiliates are not responsible for any losses incurred as a result of using this report.
By using this report, you acknowledge that you understand and accept these terms.