Tyler Technologies Monthly Outlook (December 2025)

Tyler Technologies

NYSE:TYL

$ 469,33

+ $2,42 (0,52%)

469,33 $

+$2,42 (0,52%)

End-of-day quote: 12/05/2025

Tyler Technologies Stock Value

Currently, analysts rate NYSE:TYL as Outperform.

Outperform

Tyler Technologies Company Info

EPS Growth 5Y

12,50%

Market Cap

$20,19 B

Long-Term Debt

$0,60 B

Short Interest

3,25%

Annual earnings

02/12/2026

Dividend

$0,00

Dividend Yield

0,00%

Founded

1966

Industry

Information Technology

Country

United States

ISIN Number

US9022521051

Website

http://www.tylertech.com

Analyst Price Target

$660,00

40.63%

Last Update: 12/06/2025

Analysts: 18

Highest Price Target $800,00

Average Price Target $660,00

Lowest Price Target $515,00

In the last five quarters, Tyler Technologies’s Price Target has risen from $414,96 to $519,28 - a 25,14% increase. Eighteen analysts predict that Tyler Technologies’s share price will increase in the coming year, reaching $660,00. This would represent an increase of 40,63%.

Top growth stocks in the information technology sector (5Y.)

What does Tyler Technologies do?

Tyler Technologies, Inc. (Tyler) provides integrated software and technology management solutions for the public sector. The company’s solutions empower local, state, and federal government entities to create smarter, safer, and stronger communities. The company offers the broadest range of software solutions and services designed for every level of public sector government agency. Its solutions deliver mission-critical technology to support the essential functions of government, including publ...

Tyler Technologies, Inc. (Tyler) provides integrated software and technology management solutions for the public sector.

The company’s solutions empower local, state, and federal government entities to create smarter, safer, and stronger communities. The company offers the broadest range of software solutions and services designed for every level of public sector government agency. Its solutions deliver mission-critical technology to support the essential functions of government, including public safety, justice, public health, taxation and budgeting, infrastructure and land use, outdoor recreation, utility and civic services, regulation, K-12 education, and social services. The company provides both the back-office systems-of-record that serve the operational needs of specific government agencies, as well as platform technology solutions that are designed to integrate with its back-office solutions and be deployed and connected across many agencies. Examples of transformative platform technologies include the company’s market-leading payments platform, data platform, low-code application development platform, and digital resident experience solutions.

The company maintains deep, long-term relationships with state and local government agencies, including dedicated state-level offices in the 29 states in which it has enterprise contracts. The company’s professional information technology (IT) services include cloud-based software deployment, data conversion, and training. The company also provides continuing client support services to ensure product performance and reliability, providing it with long-term client relationships and a significant base of recurring revenue.

Products and Services

The company provides a comprehensive and flexible suite of products and services that addresses the information technology needs of cities, counties, states, schools, federal agencies, and other government entities.

The company designs, develops, markets, and supports a broad range of software solutions to serve mission-critical ‘back-office’ functions of the public sector. Many of the company’s back-office software applications integrate with its transformative platform solutions, such as its unified payments platform, data and insights platform, and digital public engagement solutions that allow for real-time public access to a variety of information or that allow the public to transact business with governments online.

Each of the company’s core software solutions consists of several fully integrated applications. In some of the product areas, such as financial management and education and property appraisal and tax, it offers multiple solutions designed to meet the needs of different sized governments.

A description of the company’s primary suites of products and services follows:

Platform & Transformative Technology Solutions

The company’s platform and transformative technology solutions create the foundation for government innovation and enhance its clients’ ability to connect with constituents, conduct business, collect and disburse funds, safeguard systems, and leverage data to its fullest. Many of these solutions are integrated into its products, while others can be leveraged as add-on solutions. The company’s platform & transformative technology solutions include:

Cybersecurity: Augments government agencies’ resources with access to advanced expertise for program design, 24/7 threat detection and response, customized employee training, vulnerability testing, and more.

Data & Insights: Allows agencies to transform data into insights about financial, operational, and strategic outcomes by making it easier to surface meaningful data for informing government decisions and citizens.

Digital Solutions: Provides a seamless cross-department experience so that agencies can deliver a unified citizen experience and achieve better outcomes while helping workers and policymakers share, communicate, and leverage data more effectively.

Payments: The leading platform for public sector payments that processes nearly half a billion transactions annually and covers the entire payments life cycle, including billing, presentment, merchant onboarding, collections, reconciliation, and disbursements.

Platform Technologies: A low-code application development platform purpose-built for the public sector. Enables government workers to quickly build solutions and applications that suit their needs.

Outdoor Recreation: Designed specifically for local, state, and federal outdoor agencies, the company’s solutions encompass campsite reservations, activity registrations, licensing sales and renewals, and real-time data for conservation and park management.

Public Administration Solutions

The company’s public administration solutions connect the dots between departments, agencies, municipalities, and states to deliver the core business functions of the public sector. By making it easier to manage the business side of the public sector, agencies can focus on delivering the resources and services required to make their community a place where people want to live. The company’s public administration solutions include:

Civic Services: Business management and community development solutions manage permitting, enforcement, health and safety inspections, compliance, maintenance and work orders, 311 requests, and more.

ERP: Integrates core financial applications with human resources, revenue management, tax billing, utilities, asset management, and payment processing.

Property & Recording: Manages all aspects of the property tax life cycle, including appraisal services, valuation, tax billing and collections, assessment administration, and land and official records.

Regulatory: Permitting, licensing and regulatory management help local, state, and federal government agencies and departments of any size simplify every aspect of regulatory compliance.

Courts & Public Safety Solutions

The company’s integrated courts and public safety solutions are used at the municipal, county, state, and federal levels to help courts, prosecutors, defenders, jails, sheriff’s offices, police departments, and probation officers keep their communities safe. The company’s courts and public safety solutions include:

Corrections: Connects courts, public safety, and supervision agencies to ensure safer and more efficient operations for correctional facilities.

Courts & Justice: Provides case management and shares data with all justice partners by connecting courts, prosecutors, public defenders, and the filing community.

Public Safety: Provides real-time information and instant data sharing across jurisdictions and promotes intelligence-led responses so that help arrives faster and more prepared while complying with state and federal reporting mandates.

K-12 Education Solutions

The company’s integrated school solutions enable districts to operate as a single system across campuses and functions. By bringing data together and making it accessible as needed to administrators, teachers, students, bus drivers, and parents, it is able to improve everyone’s ability to support the educational journey. The company’s K–12 Education solutions include:

School ERP: Manages K-12 schools’ most essential business functions by integrating financial, budgeting, and procurement data. The company’s suite of human resource management tools helps schools efficiently manage payroll and employee information and hire and retain qualified teachers, staff, and substitutes.

Student Transportation: Manages every aspect of the student transportation operation with integrated software and telematic hardware solutions to help ensure operational efficiency and cost-effectiveness.

Health & Human Services Solutions

The company’s integrated solutions enable health and human service agencies to leverage data and optimize operations to better maintain the well-being of communities. Its health & human services solutions include:

Environmental Health: Streamlines the process of issuing permits, performing health inspections, running reports, and investigating complaints.

Disability & Benefits: Helps programs and agencies administer benefits and makes it easier to manage the complexity of services like medical cannabis regulation, veterans’ benefits, vocational rehabilitation, workers’ compensation, and more.

Revenues

The company derives its revenues from four primary sources, such as subscription-based services; maintenance and support; and professional services.

Subscription-Based Services

Subscriptions revenue consists of revenues derived from the company’s SaaS arrangements and transaction-based fees. It is able to provide the majority of its software products through its SaaS model. The majority of the company’s SaaS or hosting arrangements include additional professional services, as well as maintenance and support services.

Transaction-based fees primarily relate to digital government services, online payment solutions (which are sometimes offered with the assistance of third-party vendors), and online dispute resolution solutions. Digital government services consist of websites and applications that allow consumers, such as businesses and citizens, to access government information, complete transactions and make electronic payments. The company’s online payments solution covers the entire payments life cycle, including billing, presentment, merchant onboarding, collections, reconciliation, and disbursements. The company also provides electronic document filing solutions (e-filing) that simplify the filing and management of court related documents for courts and law offices.

Maintenance and Support

Support is provided to clients over the phone or via the Internet through help desks staffed by the company’s client support representatives. For more complicated issues, its staff, with the clients’ permission, can log on to clients’ systems remotely. The company maintains its clients’ software largely through releases that contain improvements and incremental additions of features and functionality, along with updates necessary because of legislative or regulatory changes.

Nearly all of the company’s on-premises software client’s contract with it for maintenance and support, which provides it with a significant source of recurring revenue. The company generally provides maintenance and support for its on-premises clients under annual, or in some cases multi-year, contracts, with a typical fee based on a percentage of the software product’s license fee.

Professional Services

The company provides a variety of professional services to clients who utilize its software products. The company’s client’s contract with it for installation, training, and data conversion services in connection with their implementation of Tyler’s software solutions, whether through a SaaS arrangement or on-premise software license. The complete implementation process for a typical system includes planning, design, data conversion, set-up and testing. At the culmination of the implementation process, an implementation team is generally onsite at the client’s facility or available via remote video conferencing to help ensure the smooth go-live with the new system. Implementation fees are charged separately to clients on either a fixed-fee or hourly charge basis, depending on the contract.

Both in connection with the installation of new systems and on an ongoing basis, the company provides extensive training services and programs related to its products and services. Training can be provided in the company’s training centers, onsite at clients’ locations, at meetings and conferences, or remotely, and can be customized to meet clients’ requirements. The vast majority of its clients contract with the company for training services, both to improve their employees’ proficiency and productivity and to fully utilize the functionality of its systems.

Strategy

The key components of the company’s business strategy are to provide high quality, value–added products and services to its clients; continue to expand its product and service offerings; accelerate its move to the cloud; expand its client base; expand its existing client relationships; pursue strategic acquisitions; and establish strategic alliances.

The company has a strategic collaboration agreement with AWS for cloud hosting services, which brings together Tyler, the nation’s largest software company exclusively focused on the public sector, and AWS, the broadest and deepest cloud platform. Specifically, the agreement with AWS provides the framework for development, training and collaboration in order to support next-generation applications that have the scalability, resiliency, and security AWS offers. AWS is assisting it in accelerating innovation and the development of strategic initiatives. These initiatives bring the most advanced cloud-native services to Tyler clients to help improve the flow of information and provide a better experience for state, local, and federal governments.

Sales, Marketing and Clients

The company markets its products and services primarily through direct sales and marketing personnel located throughout the United States. Other in-house sales staff focus on add-on sales, professional services and support. For certain products, the company also utilizes a partner network for both sales and professional services, primarily in the state and federal markets.

Sales of new systems are typically generated from referrals from other government offices or departments within a county or municipality, referrals from other local governments, relationships established between sales representatives and county or local officials, contacts at trade shows, direct mailings, and direct contact from prospects already familiar with it. The company is active in numerous national, state, county, and local government associations and participate in annual meetings, trade shows, and educational events.

Clients consist primarily of federal, state, county and municipal agencies, school districts and other local government offices. In counties, clients include the auditor, treasurer, tax assessor/collector, county clerk, district clerk, county and district court judges, probation officers, sheriff, and county appraiser. At municipal government sites, clients include directors from various departments, including administration, finance, utilities, public works, code enforcement, personnel, purchasing, taxation, municipal court, and police. At the state and federal levels, clients include Chief Information Officers and agency heads.

Competition

The company competes with national firms, some of which have greater financial and technical resources than it does, including Oracle Corporation, Infor, SAP AG, Workday, Inc., CentralSquare Technologies, Thomson Reuters Corporation, Motorola Solutions, Inc., Axon Enterprise, Inc., and Constellation Software, Inc.

Seasonality

Transaction-based fees are generally the result of multi-year contracts with the company’s clients that result in fees generated by payment transactions and digital government services and are collected on a recurring basis during the contract term. Transaction-based fees are historically highest in the second quarter, which coincides with peak outdoor recreation seasons and statutory filing deadlines in many jurisdictions, and lowest in the fourth quarter (year ended December 31, 2024) due to fewer business days and lower transaction volumes around holidays.

Research and Development Costs

The company expensed research and development costs of $117.9 million in 2024.

History

Tyler Technologies, Inc. was founded in 1966.

Tyler Technologies Questions and Answers

Which sectors generate sales and which are the top 3 markets?

Revenue from public sector: about 80% Revenue from education: about 10% Revenue from healthcare: about 5% TOP 3 Markets: State and local government: about 60% Educational institutions: about 10% Healthcare: about 5% Tyler Technologies, Inc. generates the majority of its revenue from the...

At which locations are the company’s products manufactured?

Production Sites: Mainly in the USA Tyler Technologies, Inc. is a leading company in the field of software solutions for the public sector. The company develops and produces its software products mainly in the United States. The exact locations of the production and development centers are not alway...

What strategy does Tyler Technologies pursue for future growth?

Revenue Growth: 10% (estimated 2024) Profit Growth: 8% (estimated 2024) Tyler Technologies, Inc. pursues a growth strategy that strongly focuses on expanding its software offerings for the public sector. The company continuously invests in research and development to provide innovative solutions tha...

Which raw materials are imported and from which countries?

Main materials: Electronic components, software licenses Countries of origin: USA, China, Taiwan Tyler Technologies, Inc. is primarily a provider of software solutions and services for the public sector. The company mainly imports electronic components and hardware necessary for the provision and op...

How strong is the company’s competitive advantage?

Market share in the public sector: Over 30% (2024 estimate) R&D expenses: 7.5% of revenue (2024) Customer retention rate: Over 98% (2023) Tyler Technologies, Inc. has a significant competitive advantage in the field of software solutions for the public sector. The company holds a considerable ma...

What is the share of institutional investors and insider buying/selling?

Institutional Investor Share: approximately 90% (2025, estimated based on historical data) Insider Buys/Sells: No significant transactions in the last quarter (2025, estimated) The institutional investor share in Tyler Technologies, Inc. has traditionally been at a high percentage, indicating the tr...

What percentage market share does Tyler Technologies have?

Market share of Tyler Technologies: 12% (estimated for 2025) Top competitors and their market shares: Oracle Corporation: 20% SAP SE: 18% Microsoft Corporation: 15% Tyler Technologies, Inc.: 12% Workday, Inc.: 10% Salesforce, Inc.: 8% Cerner Corporation: 7% Infor: 5% Tyler Technologies is a leadin...

Is Tyler Technologies stock currently a good investment?

Revenue Growth: 10% (estimated for 2024) Profit Growth: 8% (estimated for 2024) Market Share in the Public Sector: Leading in the USA Tyler Technologies, Inc. is a leading provider of software solutions and services for the public sector in the USA. The company has experienced solid revenue growth...

Does Tyler Technologies pay a dividend – and how reliable is the payout?

Dividend: No payout (as of 2023) Tyler Technologies, Inc. traditionally does not pay a dividend. The company has focused on reinvesting its profits into the growth and development of its software solutions. This strategy enables Tyler Technologies to strengthen its market position and invest in new...

Tyler Technologies Stock Value

Tyler Technologies Company Info

Analyst Price Target

Top growth stocks in the information technology sector (5Y.)

What does Tyler Technologies do?

Tyler Technologies Questions and Answers

Offer & Services

Service & Collaboration

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