Tyler Technologies, Inc. (NYSE: TYL)’s stock price has soared by 9.41 in relation to previous closing price of 515.80. Nevertheless, the company has seen a gain of 7.31% in its stock price over the last five trading days. zacks.com reported 2024-07-25 that Tyler Technologies’ (TYL) second-quarter 2024 results reflect robust year-over-year growth in subscription revenues.
Is It Worth Investing in Tyler Technologies, Inc. (NYSE: TYL) Right Now?
Tyler Technologies, Inc. (NYSE: TYL) has a higher price-to-earnings ratio of 116.85x compared to its average ratio, The 36-month beta value for TYL is at 0.76. Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 2 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for TYL is 42.14M, and currently, shorts hold a 2.28% of that float. The average trading volume for TYL on July 26, 2024 was 233.21K shares.
TYL’s Market Performance
The stock of Tyler Technologies, Inc. (TYL) has seen a 7.31% increase in the past week, with a 15.59% rise in the past month, and a 34.69% gain in the past quarter. The volatility ratio for the week is 2.96%, and the volatility levels for the past 30 days are at 2.11% for TYL. The simple moving average for the past 20 days is 9.74% for TYL’s stock, with a 28.93% simple moving average for the past 200 days.
Analysts’ Opinion of TYL
Many brokerage firms have already submitted their reports for TYL stocks, with Needham repeating the rating for TYL by listing it as a “Buy.” The predicted price for TYL in the upcoming period, according to Needham is $600 based on the research report published on May 21, 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 $500, previously predicting the price at $480. The rating they have provided for TYL stocks is “Outperform” according to the report published on April 26th, 2024.
JMP Securities gave a rating of “Mkt Outperform” to TYL, setting the target price at $490 in the report published on January 04th of the current year.
TYL Trading at 13.91% 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 5.72% of gains for the given period.
Volatility was left at 2.11%, however, over the last 30 days, the volatility rate increased by 2.96%, as shares surge +15.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.30% upper at present.
During the last 5 trading sessions, TYL rose by +7.31%, which changed the moving average for the period of 200-days by +45.36% in comparison to the 20-day moving average, which settled at $518.02. In addition, Tyler Technologies, Inc. saw 34.97% 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 MILLER BRIAN K, who sale 800 shares at the price of $485.02 back on Jun 12 ’24. After this action, MILLER BRIAN K now owns 11,936 shares of Tyler Technologies, Inc., valued at $388,016 using the latest closing price.
MILLER BRIAN K, the Executive VP and CFO of Tyler Technologies, Inc., sale 800 shares at $479.28 during a trade that took place back on Jun 11 ’24, which means that MILLER BRIAN K is holding 12,736 shares at $383,426 based on the most recent closing price.
Stock Fundamentals for TYL
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.42 for the gross margin
The net margin for Tyler Technologies, Inc. stands at 0.1. The total capital return value is set at 0.07. Equity return is now at value 7.04, with 4.40 for asset returns.
Based on Tyler Technologies, Inc. (TYL), the company’s capital structure generated 0.16 points at debt to capital in total, while cash flow to debt ratio is standing at 0.76. The debt to equity ratio resting at 0.19. The interest coverage ratio of the stock is -227.77.
Currently, EBITDA for the company is 389.3 million with net debt to EBITDA at 1.04. When we switch over and look at the enterprise to sales, we see a ratio of 12.0. The receivables turnover for the company is 2.9for trailing twelve months and the total asset turnover is 0.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.06.
Conclusion
In conclusion, Tyler Technologies, Inc. (TYL) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
