TYL

Tyler Technologies, Inc.

TMT


Presented:01/19/2023
Price:$305.34
Cap:$12.71B
Current Price:$601.05
Cap:$25.65B

Presented

Date01/19/2023
Price$305.34
Market Cap$12.71B
Ent Value$15.65B
P/E Ratio68.94x
Book Value$61.20
Div Yield0%
Shares O/S41.64M
Ave Daily Vol318,644
Short Int1.87%

Current

Price$601.05
Market Cap$25.65B
Tyler Technologies, Inc. engages in the provision of integrated technology and management solutions and services for the public sector with a focus on local governments. It operates through the following segments: Enterprise Software and Appraisal and Tax. The Enterprise Software segment provides municipal and county governments and schools with software systems to meet their information technology and automation needs for mission-critical back-office functions such as financial management, courts and justice processes. The Appraisal and Tax segment provides systems and software that automate the appraisal and assessment of real and personal property, as well as property appraisal outsourcing services for local governments and taxing authorities. The company was founded in 1966 and is headquartered in Plano, TX.

Publicly traded companies mentioned herein: Tyler Technologies Inc (TYL) 

Highlights

The presenter is long the shares of TYL, believing that the selling has been overdone (down 40% in 2022) and the stock should recover in 2023. The company is a demonstrated market leader in its public sector markets. Public sector markets, especially government sector customers tend to be less cyclical and less prone to churn (98% customer retention, with 79% recurring revenues), making it far more predictable than many software markets. The company’s products are sticky and gaining market share, which is evident with the company reporting 16% CAGR growth in Revenues and 21% CAGR growth in EPS, since 2010.

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Idea Discussion

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