Tyler Technologies, Inc. (NYSE: TYL) has a higher price-to-earnings ratio of 103.90x compared to its average ratio. TYL has 36-month beta value of 0.79. Analysts have mixed views on the stock, with 7 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for TYL is 41.96M, and currently, short sellers hold a 2.15% ratio of that float. The average trading volume of TYL on April 26, 2024 was 212.23K shares.
TYL) stock’s latest price update
Tyler Technologies, Inc. (NYSE: TYL) has experienced a rise in its stock price by 9.32 compared to its previous closing price of 419.00. However, the company has seen a gain of 13.68% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-25 that Tyler Technologies’ (TYL) first-quarter 2024 performance reflects robust year-over-year growth in subscription revenues.
TYL’s Market Performance
TYL’s stock has risen by 13.68% in the past week, with a monthly rise of 9.56% and a quarterly rise of 6.71%. The volatility ratio for the week is 2.70% while the volatility levels for the last 30 days are 2.03% for Tyler Technologies, Inc. The simple moving average for the past 20 days is 10.93% for TYL’s stock, with a 12.64% simple moving average for the past 200 days.
Analysts’ Opinion of TYL
Many brokerage firms have already submitted their reports for TYL stocks, with JMP Securities repeating the rating for TYL by listing it as a “Mkt Outperform.” The predicted price for TYL in the upcoming period, according to JMP Securities is $490 based on the research report published on January 04, 2024 of the current year 2024.
Oppenheimer, on the other hand, stated in their research note that they expect to see TYL reach a price target of $450. The rating they have provided for TYL stocks is “Outperform” according to the report published on October 17th, 2023.
JP Morgan gave a rating of “Overweight” to TYL, setting the target price at $472 in the report published on June 21st of the previous year.
TYL Trading at 8.45% from the 50-Day Moving Average
After a stumble in the market that brought TYL to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.73% of gains for the given period.
Volatility was left at 2.03%, however, over the last 30 days, the volatility rate increased by 2.70%, as shares surge +8.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.11% upper at present.
During the last 5 trading sessions, TYL rose by +13.68%, which changed the moving average for the period of 200-days by +10.92% in comparison to the 20-day moving average, which settled at $414.80. In addition, Tyler Technologies, Inc. saw 9.55% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TYL starting from MARR JOHN S JR, who sale 7,750 shares at the price of $424.91 back on Mar 13 ’24. After this action, MARR JOHN S JR now owns 6,983 shares of Tyler Technologies, Inc., valued at $3,293,034 using the latest closing price.
MARR JOHN S JR, the Executive Chair of the Board of Tyler Technologies, Inc., sale 6,500 shares at $427.82 during a trade that took place back on Mar 12 ’24, which means that MARR JOHN S JR is holding 6,400 shares at $2,780,801 based on the most recent closing price.
Stock Fundamentals for TYL
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.43 for the gross margin
The net margin for Tyler Technologies, Inc. stands at 0.09. The total capital return value is set at 0.07. Equity return is now at value 6.63, with 4.13 for asset returns.
Based on Tyler Technologies, Inc. (TYL), the company’s capital structure generated 0.18 points at debt to capital in total, while cash flow to debt ratio is standing at 0.59. The debt to equity ratio resting at 0.21. The interest coverage ratio of the stock is -22.63.
Currently, EBITDA for the company is 389.3 million with net debt to EBITDA at 1.61. When we switch over and look at the enterprise to sales, we see a ratio of 9.95. The receivables turnover for the company is 3.67for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.94.
Conclusion
To put it simply, Tyler Technologies, Inc. (TYL) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
