Tyler Technologies (TYL)
NYSEInformation TechnologySoftware - ApplicationSnapshot 2026-07-07
$321.60+0.81%
Close 2026-07-07 · 1-day change
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Track TYL free→Warn: Management is running behind on a stated commitment.
Tyler grows SaaS revenue over 20% a year. It repurchases 2.5% of shares in 2026. Recurring revenue rises at least 10% yearly. Free cash flow stays strong near 27%.
SaaS revenue growth may slow due to weak investor sentiment. Profit growth could stall if recurring revenue falls. Share buybacks might slow if cash flow weakens.
The price is about 19% below our fair value near $397. Analysts expect about 12% revenue growth. Our fair value is slightly below the Street median of $420.
Breaks if: Free cash flow margin falls below 23% in FY26
Breaks if: Recurring revenue growth falls below 7% YoY next year
Standing thesis, reviewed periodically — not a price target or advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Achieve double-digit recurring revenue growth, with a focus on subscription and transaction revenues.
Stated in 4 of last 4 quarters. Recurring revenues reached $538.6 million in 2026-Q1, up 10.4% from the previous quarter. The growth trajectory aligns with management's recurring revenue priority.
“CEO: 'Recurring revenues were $538.6 million, up 10.4%.'”
“CEO: 'Recurring revenues were $514.4 million, up 10.9%.'”
“CEO: 'Recurring revenues were $514.4 million, up 10.9%.'”
“CEO: 'Recurring revenues were $514.4 million, up 10.9%.'”
Breaks if: SaaS revenue growth falls below 12% YoY next year
Focus on achieving 20% or greater SaaS revenue growth, continuing a 21-quarter trend.
Stated in 6 of last 6 quarters. SaaS revenues grew 23.5% to $222.4 million in 2026-Q1, continuing a 21-quarter trend of 20% or greater growth. The trajectory is delivering on management's stated priority.
“CEO: 'SaaS revenues grew 23.5% to $222.4 million.'”
“CEO: 'SaaS revenues grew 20.2% to $208.3 million.'”
“CEO: 'SaaS revenues grew 20.6% to $777.8 million annually.'”
“CEO: 'SaaS revenues grew 20.6% to $777.8 million annually.'”
“CEO: 'SaaS revenues grew 20.6% to $777.8 million annually.'”
“CEO: 'SaaS revenues grew 20.6% to $777.8 million annually.'”
Breaks if: Share repurchases fall below 1.5% of shares in 2026
Continue share repurchase program with a $1 billion authorization, repurchasing 2.5% of shares in 2026.
Stated in 4 of last 4 quarters. Executed $250 million in share repurchases in 2026-Q1 under a $1 billion authorization, repurchasing 2.5% of shares. The program is delivering on management's capital allocation priority.
“CFO: 'We executed $250 million in share repurchases under our expanded $1 billion authorization.'”
“CEO: 'We repurchased $175 million of our stock.'”
“CEO: 'We repurchased $175 million of our stock.'”
“CEO: 'We repurchased $175 million of our stock.'”