TYL Stock Summary and Trading Ideas (Tyler Technologies | NYSE:TYL)

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.

Tyler Technologies trades on the NYSE stock market under the symbol TYL.

As of April 30, 2024, TYL stock price declined to $461.55 with 278,930 million shares trading.

TYL has a beta of 1.18, meaning it tends to be more sensitive to market movements. TYL has a correlation of 0.34 to the broad based SPY ETF.

TYL has a market cap of $19.60 billion. This is considered a Large Cap stock.

Last quarter Tyler Technologies reported $512 million in Revenue and $2.20 earnings per share. This beat revenue expectation by $5 million and exceeded earnings estimates by $.17.

In the last 3 years, TYL stock traded as high as $557.55 and as low as $281.11.

The top ETF exchange traded funds that TYL belongs to (by Net Assets): VTI, VOO, MOAT, VO, SPY.

TYL stock has underperformed the market in the last year with a return of +21.8%, while SPY returned +22.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in TYL shares. However, TYL has outperformed the market in the last 3 month and 2 week periods, returning +5.8% and +15.2%, while SPY returned +2.5% and -0.5%, respectively. This indicates TYL has been having a stronger performance recently.

TYL support price is $458.65 and resistance is $471.75 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TYL stock will trade within this expected range on the day.