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Last $132.12 USD
Change Today +1.82 / 1.40%
Volume 290.2K
TYL On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

tyler technologies inc (TYL) Snapshot

Open
$130.74
Previous Close
$130.30
Day High
$133.18
Day Low
$128.72
52 Week High
04/24/15 - $133.18
52 Week Low
05/15/14 - $75.39
Market Cap
4.4B
Average Volume 10 Days
233.9K
EPS TTM
$1.81
Shares Outstanding
33.7M
EX-Date
01/16/98
P/E TM
73.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for TYLER TECHNOLOGIES INC (TYL)

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tyler technologies inc (TYL) Details

Tyler Technologies, Inc. provides integrated information management solutions and services for the public sector with a focus on local governments in the United States and internationally. It operates through two segments, Enterprise Software Solutions, and Appraisal and Tax Software Solutions and Services. The company’s financial management solutions include modular fund accounting systems for government agencies or not-for-profit entities; and utility billing systems for the billing and collection of metered and non-metered services. It also offers products to automate various city functions, such as municipal courts, parking tickets, equipment and project costing, animal and business licenses, permits and inspections, code enforcement, citizen complaint tracking, ambulance billing, fleet maintenance, and cemetery records management; and student information and transportation solutions for K-12 schools. In addition, the company provides integrated suite of judicial solutions comprising court case management, court and law enforcement, prosecutor, and supervision systems to handle multi-jurisdictional county or statewide implementations, as well as single county systems; systems and software to automate the appraisal and assessment of real and personal properties; tax applications for agencies that bill and collect taxes; planning, regulatory, and maintenance software solutions for public sector agencies; and software applications to help county governments that enhance and automate courthouse operations. Further, it offers subscription-based services, such as software as a service arrangements and electronic document filing solutions for courts and law offices; professional IT services, including software and hardware installation, data conversion, training, and product modifications; and property appraisal outsourcing services for taxing jurisdictions, as well as customer support services. The company was founded in 1966 and is headquartered in Plano, Texas.

2,934 Employees
Last Reported Date: 04/22/15
Founded in 1966

tyler technologies inc (TYL) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $488.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $308.0K
Executive Vice President, Director, Member of...
Total Annual Compensation: $410.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $308.0K
Compensation as of Fiscal Year 2014.

tyler technologies inc (TYL) Key Developments

Tyler Technologies, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Full Year of 2015

Tyler Technologies, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, total revenue was $135.0 million, up 19.8% from $112.6 million for the first quarter of 2014. Organic growth was 19.2%. Operating income was $27.2 million, an increase of 36.8% from $19.9 million for the first quarter of 2014. Net income was $17.3 million, or $0.48 per diluted share, up 45.4% compared to $11.9 million, or $0.33 per diluted share, for the first quarter of 2014. Cash flow from operations was negative $2.1 million, compared to $16.6 million for the first quarter of 2014. Non-GAAP operating income was $33.1 million, up 32.7% from $25.0 million for the first quarter of 2014. Adjusted EBITDA was $35.3 million, up 31.5% compared to $26.9 million for the first quarter of 2014. Non-GAAP net income was $21.3 million, or $0.59 per diluted share, up 38.3% compared to $15.4 million, or $0.43 per diluted share, for the first quarter of 2014. Income before income taxes was $27,359,000 compared to $19,603,000 for the same period a year ago. EBITDA was $31,072,000 compared to $23,402,000 for the same period a year ago. Additions to property and equipment were $1,909,000 compared to $3,630,000 for the same period a year ago. As of April 22, 2015, the company provided the following guidance for the full year 2015: Total revenues are expected to be in the range of $568 million to $575 million; Diluted earnings per share are expected to be approximately $1.93 to $2.01; Non-GAAP diluted earnings per share are expected to be approximately $2.46 to $2.54; The effective tax rate is expected to be between approximately 37.5% and 38.5%; Capital expenditures are expected to be between $13.5 million and $14.5 million, and total depreciation and amortization expense is expected to be between $15.5 million and $16.5 million, including approximately $6.5 million of amortization of acquisition intangibles.

Bristol, Tennessee, Selects Citywide Suite of Tyler Technologies Software Solutions

Tyler Technologies, Inc. has signed a seven-year software-as-a-service (SaaS) agreement with the city of Bristol, Tennessee, for an integrated suite of Tyler software solutions to replace its current in-house system. The agreement includes related professional services, training and support. The city selected Tyler’s Munis® enterprise resource planning (ERP) system, Incode® court case management solution, and EnerGov™ planning, regulatory and maintenance solution after a competitive review process. Bristol sought proposals from service providers that develop and install software specifically for the public sector. Tyler was chosen for its strong track record of public-sector success and because it met the city’s criteria for solutions that can provide departments with immediate access to data, simplify processes, streamline procedures, and enable the city to offer e-government services. Bristol selected multiple Munis, Incode and EnerGov applications to meet the city’s business objectives. Purchased Munis modules include financial management, human capital management and self-service applications for citizens and employees. Tyler’s Incode municipal court system will provide Bristol with criminal case management functionality, warrant scheduling and online payment processing. And Tyler’s EnerGov platform will provide the city with an enterprisewide permitting, land and license management solution. The city also selected the EnerGov ePortal to extend online access to city services.

Superior Court of California, County of San Mateo, Selects Tyler Technologies’ Odyssey Court Case Management System

Tyler Technologies announced that the Superior Court of California, County of San Mateo, will implement Tyler’s Odyssey® court case management software throughout its traffic, civil, family law, probate, small claims, adoption, and juvenile dependency divisions. The contract includes software licenses, related professional services, maintenance and support. In 2014, the court chose to replace its legacy system with Odyssey to simplify processes and procedures in criminal and juvenile delinquency cases. Based on its positive experience with that first project, the court elected to implement Odyssey in its remaining case divisions. The court used California’s Master Service Agreement (MSA) that gives the state’s superior courts the ability to purchase Tyler’s Odyssey integrated case management system at pre-negotiated terms, conditions and pricing outlined in the MSA. This MSA was developed by a group of court managers and IT leaders within the California judicial system as a way for the state’s superior courts to efficiently purchase a case management system. Odyssey has been selected for use by 25 of California’s 58 superior courts.

 

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Industry Analysis

TYL

Industry Average

Valuation TYL Industry Range
Price/Earnings 71.9x
Price/Sales 8.5x
Price/Book 12.0x
Price/Cash Flow 63.7x
TEV/Sales 8.1x
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