Tyler Technologies, Inc. (TYL)

Tyler Technologies' stock has seen a notable increase, rising by 24.07% between June 17, 2024, and June 13, 2025. More recently, as of June 2025, the stock has risen by 2.03% week-over-week and 1.38% month-over-month, with a 17.40% increase over the last year. The company reported better-than-expected earnings for the first quarter of 2025 on April 23, 2025, with an EPS of $2.78 against a forecast of $2.55, and revenue of $565.2 million compared to a projected $556.82 million. Following this positive earnings report, the stock experienced a modest increase of 0.17%. Some analysts downgraded the stock to "hold" due to concerns regarding a significant decline in new SaaS bookings and deal sizes in Q1 2025 compared to the previous year, which raised questions about mid-term growth. Additionally, short interest in TYL increased by 8.04% recently, indicating a decrease in investor sentiment. Insider selling has also been observed, with insiders selling over $15 million in company stock and no purchases in the past three months. Tyler Technologies has engaged in strategic collaborations, such as with Amazon Web Services for cloud hosting services, and secured a four-year agreement with Hillsborough County, FL, for Appraisal Services in March 2025. Historically, the stock has shown a consistent seasonal uptrend from mid-June through early September, with a 90% win rate over the last 20 years, averaging a 10.24% return.

Tyler Technologies experiences a consistent seasonal uptrend in its stock performance, with shares historically showing robust gains from mid-June through early September. The demand for its subscription-based software-as-a-service (SaaS) products is driven by the ongoing shift of the public sector from on-premise to scalable cloud-based systems. The public sector market generally remains active, with healthy budgets and a growing emphasis on digital modernization supporting robust demand for Tyler's solutions. The company benefits from funding stability, which supports consistent long-term demand for replacing aging, mission-critical systems. A significant portion of Tyler's transaction revenues comes from self-funded services or user fees that are typically not impacted by economic conditions, as they do not rely on appropriated state budget funds. Concerns have been raised about declining new SaaS bookings and deal sizes in Q1 2025, which could potentially impact mid-term growth. Government efficiency measures, including stricter reviews for new vendor procurement and workforce optimization, could potentially temper the demand for new government software.

Tyler Technologies is a leading provider of integrated software and technology services primarily for the United States public sector, focusing on local and state governments. The company operates within the Technology Services sector, offering a comprehensive suite of public sector software solutions across eight main categories, including appraisal and tax software, court and justice agency software, data and insights services, enterprise financial software, planning/regulatory/maintenance software, public safety software, records/document management software, and transportation software for schools. Key product offerings include Munis, Odyssey, and various payment solutions. Tyler Technologies enhances the operational efficiencies of government offices through digital transformation, leveraging cloud-based platforms and applications.

Tyler Technologies primarily serves the United States public sector, with offices in 17 U.S. states and one in Toronto, Ontario, Canada. The company's client base extends beyond the U.S. and Canada to include the Caribbean, Australia, and other international locations, with over 45,000 successful installations across 13,000 locations. The company also has office locations in Ahmedabad, India, and Manila.

Tyler Technologies has maintained a strong brand reputation, receiving accolades such as being named to Forbes' "America's Best Large Employers" list for 2025 for the second consecutive year and being recognized by Newsweek on its "America's Greatest Workplaces for Inclusion & Diversity 2025" list for the second time. The company has consistently been acknowledged for its growth and innovation, including its inclusion on Government Technology's GovTech 100 list. Forbes has also listed Tyler Technologies on various other prestigious lists for 2025, such as "Global 2000," "Most Trusted Companies in America," and "America's Best Employers for Tech Workers" (2024). MarketBeat's evaluation placed Tyler Technologies higher than 90% of companies, ranking it 96th out of 665 stocks in the computer and technology sector.

Institutional investors hold a significant portion of Tyler Technologies' stock, with approximately 83.97% to 93.30% of shares held by institutions. Major institutional owners include Vanguard Group Inc, BlackRock, Inc., and State Street Corp. Individual owners (insiders) hold a smaller percentage, around 0.39% to 1.10%. Larry D. Leinweber is the largest individual shareholder, holding 8.60 million shares, representing 19.95% of the company.