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TYL Tyler

Tyler Technologies provides integrated software and technology services to the public sector. Tyler's end-to-end solutions empower local, state, and federal government entities to operate more efficiently and connect more transparently with their constituents and with each other. By connecting data and processes across disparate systems, Tyler's solutions are transforming how clients gain actionable insights that solve problems in their communities. Tyler has more than 27,000 successful installations across more than 11,000 sites, with clients in all 50 states, Canada, the Caribbean, Australia, and other international locations. Tyler has been named to Government Technology's GovTech 100 list five times and has been recognized three times on Forbes' 'Most Innovative Growth Companies' list.

Company profile

Ticker
TYL
Exchange
CEO
H. Lynn Moore
Employees
Incorporated
Location
Fiscal year end
Former names
TYLER CORP /NEW/
SEC CIK
IRS number
752303920

TYL stock data

(
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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

3 Aug 21
4 Aug 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Tyler earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 216.77M 216.77M 216.77M 216.77M 216.77M 216.77M
Cash burn (monthly) 344.66M 11.21M (positive/no burn) (positive/no burn) 6.78M (positive/no burn)
Cash used (since last report) 402.98M 13.11M n/a n/a 7.93M n/a
Cash remaining -186.21M 203.66M n/a n/a 208.84M n/a
Runway (months of cash) -0.5 18.2 n/a n/a 30.8 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
30 Jun 21 H LYNN Moore JR Common Stock Grant Aquire A No No 384.515 24 9.23K 74,151
30 Jun 21 Brian K Miller Common Stock Grant Aquire A No No 384.515 19 7.31K 26,412
30 Jun 21 Jeffrey David Puckett Common Stock Grant Aquire A No No 384.515 10 3.85K 3,301
15 Jun 21 Brian K Miller Common Stock Sell Dispose S No No 430.6151 3,500 1.51M 26,393
15 Jun 21 Brian K Miller Common Stock Option exercise Aquire M No No 205.66 3,500 719.81K 29,893
15 Jun 21 Brian K Miller Option Common Stock Option exercise Dispose M No No 205.66 3,500 719.81K 30,042
14 Jun 21 John S Marr JR Common Stock Sell Dispose S No No 430.4453 16,092 6.93M 58,361

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

91.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 579 601 -3.7%
Opened positions 55 99 -44.4%
Closed positions 77 45 +71.1%
Increased positions 210 200 +5.0%
Reduced positions 226 210 +7.6%
13F shares
Current Prev Q Change
Total value 15.73B 16.47B -4.5%
Total shares 37.06M 37.74M -1.8%
Total puts 163.8K 93.6K +75.0%
Total calls 128K 122.7K +4.3%
Total put/call ratio 1.3 0.8 +67.8%
Largest owners
Shares Value Change
Vanguard 4.48M $1.9B +0.1%
BLK Blackrock 4.18M $1.77B -6.8%
APG Asset Management 1.63M $690.95M +195.3%
STT State Street 1.62M $688.87M -3.2%
Brown Capital Management 1.52M $644.95M -1.1%
PFG Principal Financial Group Inc - Registered Shares 1.13M $478.3M +50.0%
Capital World Investors 1.03M $438.75M +0.0%
BEN Franklin Resources 822.25K $349.05M -3.3%
Ownership Capital B.V. 805.4K $341.92M +9.6%
Geode Capital Management 717.04K $303.66M +4.2%
Largest transactions
Shares Bought/sold Change
APG Asset Management 1.63M +1.08M +195.3%
Norges Bank 0 -392.81K EXIT
PFG Principal Financial Group Inc - Registered Shares 1.13M +375.63K +50.0%
Carillon Tower Advisers 0 -340.37K EXIT
Brown Advisory 7.78K -337.17K -97.7%
Fred Alger Management 25.5K -310.66K -92.4%
BLK Blackrock 4.18M -306.64K -6.8%
DF Dent & Co 64.04K -172.16K -72.9%
Van Eck Associates 171.77K +171.77K NEW
ATAC Neuberger Berman 544.24K -163.05K -23.1%

Financial report summary

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Management Discussion
  • ITEM 7.    MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
  • This document contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are not historical in nature and typically address future or anticipated events, trends, expectations or beliefs with respect to our financial condition, results of operations or business. Forward-looking statements often contain words such as “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates,” “plans,” “intends,” “continues,” “may,” “will,” “should,” “projects,” “might,” “could” or other similar words or phrases. Similarly, statements that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. We believe there is a reasonable basis for our forward-looking statements, but they are inherently subject to risks and uncertainties and actual results could differ materially from the expectations and beliefs reflected in the forward-looking statements. We presently consider the following to be among the important factors that could cause actual results to differ materially from our expectations and beliefs: (1) the effects of the COVID-19 pandemic, including its potential effects on the economic environment, our customers and our operations, as well as any changes to federal, state or local government laws, regulations or orders in connection with the pandemic; (2) changes in the budgets or regulatory environments of our clients, primarily local and state governments, that could negatively impact information technology spending; (3) disruption to our business and harm to our competitive position resulting from cyber-attacks and security vulnerabilities; (4) our ability to protect client information from security breaches and provide uninterrupted operations of data centers; (5) our ability to achieve growth or operational synergies through the integration of acquired businesses, while avoiding unanticipated costs and disruptions to existing operations; (6) material portions of our business require the Internet infrastructure to be adequately maintained; (7) our ability to achieve our financial forecasts due to various factors, including project delays by our clients, reductions in transaction size, fewer transactions, delays in delivery of new products or releases or a decline in our renewal rates for service agreements; (8) general economic, political and market conditions; (9) technological and market risks associated with the development of new products or services or of new versions of existing or acquired products or services; (10) competition in the industry in which we conduct business and the impact of competition on pricing, client retention and pressure for new products or services; (11) the ability to attract and retain qualified personnel and dealing with the loss or retirement of key members of management or other key personnel; and (12) costs of compliance and any failure to comply with government and stock exchange regulations. A detailed discussion of these factors and other risks that affect our business are described in Item 1A, “Risk Factors”. We expressly disclaim any obligation to publicly update or revise our forward-looking statements.
  • We provide integrated information management solutions and services for the public sector, with a focus on local governments. We develop and market a broad line of software products and services to address the IT needs of cities, counties, schools and other local government entities. In addition, we provide professional IT services to our clients, including software and hardware installation, data conversion, training and for certain clients, product modifications, along with continuing maintenance and support for clients using our systems. We also provide subscription-based services such as software as a service (“SaaS”), which primarily utilize the Tyler private cloud, and electronic document filing solutions (“e-filing”), which simplify the filing and management of court related documents. Revenues for e-filing are derived from transaction fees and, in some cases, fixed fee arrangements. Other transaction-based fees primary relate to online payment services. We also provide property appraisal outsourcing services for taxing jurisdictions.
Content analysis
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