Tyler Technologies (TYL)

• Market cap: $26.5B
• 1 day: -2.36%
• 5 days: -5.19%
• 1 month: 5.25%
• 3 months: 3.01%
• 6 months: 5.85%
• Year to date: 7.05%
• 1 year: 42.18%
• 5 years: 86.34%
• 10 years: 422.87%
• 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: 7,400

Fund manager confidence

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

51% more first-time investments, than exits

New positions opened: 103 | Existing positions closed: 68

3.44% more ownership

Funds ownership: 90.67% [Q3] → 94.1% (+3.44%) [Q4]

1% more funds holding

Funds holding: 772 [Q3] → 781 (+9) [Q4]

5% more repeat investments, than reductions

Existing positions increased: 279 | Existing positions reduced: 265

3% more capital invested

Capital invested by funds: $22.3B [Q3] → $23.1B (+$772M) [Q4]

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

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

• Low target: $575 7% downside
• Avg. target: $694 13% upside
• High target: $775 26% upside

7 analyst ratings

• positive: 5 71%
• neutral: 2 29%
• negative: 0 0%

Goldman Sachs Gabriela Borges 76% 1-year accuracy 22 / 29 met price target	18% upside $728	Buy Maintained	18 Feb 2025
Truist Securities Terry Tillman 63% 1-year accuracy 29 / 46 met price target	26% upside $775	Buy Reiterated	14 Feb 2025
Barclays Saket Kalia 69% 1-year accuracy 37 / 54 met price target	16% upside $715	Overweight Maintained	14 Feb 2025
Piper Sandler Clarke Jeffries 67% 1-year accuracy 34 / 51 met price target	21% upside $747	Overweight Maintained	14 Feb 2025
DA Davidson Peter Heckmann 75% 1-year accuracy 36 / 48 met price target	7% downside $575	Neutral Maintained	30 Jan 2025