Tyler Technologies (TYL)

• Market cap: $25.4B
• 1 day: -0.78%
• 5 days: 0.11%
• 1 month: -6.39%
• 3 months: 2.68%
• 6 months: 21.69%
• Year to date: 45.66%
• 1 year: 42.79%
• 5 years: 97.91%
• 10 years: 421.17%
• Sector: Information Technology
• Industry: Prepackaged Software

About: Tyler Technologies provides a full suite of software solutions and services that address the needs of cities, counties, schools, courts and other local government entities. The company's three core products are Munis, which is the core ERP system, Odyssey, which is the court management system, or CMS, and payments. The company also provides a variety of add-on modules and offers outsourced property tax assessment services.

Employees: 7,386

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

428% more call options, than puts

Call options by funds: $26.2M | Put options by funds: $4.96M

96% more first-time investments, than exits

New positions opened: 110 | Existing positions closed: 56

8% more funds holding

Funds holding: 717 [Q2] → 771 (+54) [Q3]

6% more capital invested

Capital invested by funds: $20.8B [Q2] → $22.1B (+$1.3B) [Q3]

7.84% less ownership

Funds ownership: 97.42% [Q2] → 89.58% (-7.84%) [Q3]

12% less repeat investments, than reductions

Existing positions increased: 243 | Existing positions reduced: 276

13% less funds holding in top 10

Funds holding in top 10: 23 [Q2] → 20 (-3) [Q3]

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $550 8% downside
• Avg. target: $680 14% upside
• High target: $705 19% upside

8 analyst ratings

• positive: 7 88%
• neutral: 1 13%
• negative: 0 0%

JMP Securities Trevor Walsh 81% 1-year accuracy 48 / 59 met price target	18% upside $700	Market Outperform Maintained	25 Oct 2024
Barclays Saket Kalia 64% 1-year accuracy 36 / 56 met price target	19% upside $705	Overweight Maintained	25 Oct 2024
Truist Securities Terry Tillman 68% 1-year accuracy 32 / 47 met price target	15% upside $685	Buy Reiterated	25 Oct 2024
Baird Rob Oliver 67% 1-year accuracy 31 / 46 met price target	18% upside $700	Outperform Maintained	25 Oct 2024
Oppenheimer Ken Wong 76% 1-year accuracy 22 / 29 met price target	18% upside $700	Outperform Reiterated	25 Oct 2024