Tyler Technologies (TYL)

• Market cap: $23.9B
• 1 day: -1.10%
• 5 days: -7.19%
• 1 month: -9.59%
• 3 months: -13.62%
• 6 months: -13.41%
• Year to date: -8.71%
• 1 year: 14.53%
• 5 years: 63.47%
• 10 years: 304.75%
• Sector: Technology
• Industry: Software - Application

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: 7,400

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

66% more first-time investments, than exits

New positions opened: 111 | Existing positions closed: 67

5% more capital invested

Capital invested by funds: $22B [Q3] → $23.2B (+$1.16B) [Q4]

4.72% more ownership

Funds ownership: 89.39% [Q3] → 94.11% (+4.72%) [Q4]

4% more funds holding

Funds holding: 772 [Q3] → 804 (+32) [Q4]

4% more repeat investments, than reductions

Existing positions increased: 284 | Existing positions reduced: 273

20% less funds holding in top 10

Funds holding in top 10: 20 [Q3] → 16 (-4) [Q4]

20% less call options, than puts

Call options by funds: $24.9M | Put options by funds: $31.3M

Research analyst outlook

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

• Low target: $570 9% upside
• Avg. target: $692 32% upside
• High target: $775 48% upside

8 analyst ratings

• positive: 6 75%
• neutral: 2 25%
• negative: 0 0%

DA Davidson Peter Heckmann 44% 1-year accuracy 22 / 50 met price target	9% upside $570	Neutral Maintained	25 Apr 2025
Baird	33% upside $700	Outperform Maintained	25 Apr 2025
Barclays Saket Kalia 53% 1-year accuracy 30 / 57 met price target	32% upside $695	Overweight Maintained	25 Apr 2025
Piper Sandler Clarke Jeffries 23% 1-year accuracy 10 / 43 met price target	35% upside $708	Overweight Maintained	25 Apr 2025
Needham Joshua Reilly 36% 1-year accuracy 27 / 76 met price target	43% upside $750	Buy Reiterated	24 Apr 2025