TYL changes
Pick any two versions below to diff them.
- Price
- $394.30 → $425.52(+7.9%)
- Discount category
- Below intrinsic value → Close to intrinsic value
- Recent events
- Oct 28, 2026: Tyler reported Q3 2026 results. Revenue was $647.6 million, up 8.7%. SaaS revenue grew 21.2% to $242.2 million. Transaction revenue grew 9.5%, or 14.2% without the ended Texas payments contract. Free cash flow was a quarterly record of $277.0 million, and non-GAAP EPS was $3.52. Tyler bought back 1,148,389 shares for about $379 million in the quarter. It narrowed its 2026 revenue guidance to $2.535 billion to $2.565 billion and kept its EPS and free cash flow margin guidance. It said that it sold about 300 deals with AI products to date. Oct 13, 2026: Tyler said that it will report Q3 2026 results after the market closes on October 28, 2026, with a call at 8:30 a.m. ET on October 29. removed: Oct 12, 2026: Wells Fargo raised its rating on Tyler to Overweight from Equal Weight, with a $400 price target. It said that recent execution problems look temporary and that the fear of AI disruption may be too high. The stock rose 3.2% that day. Sep 15, 2026: Tyler started a trading plan to buy back up to $260 million of its stock from September 16 to October 29, 2026. It had $1.416 billion of buyback authorization left. Jul 30, 2026: Tyler completed its purchase of CODY Systems, a public safety software company, for about $27.7 million in cash. Jul 29, 2026: Tyler reported Q2 2026 results. Revenue was $645.1 million, up removed: 8.2%, and slightly below analyst estimates. added: 8.2%. SaaS revenue grew 21.7%, and SaaS and total bookings reached quarterly records. Transaction revenue grew 3.5%, or 9.9% without the ended Texas payments contract. Non-GAAP EPS was $3.08, and free cash flow was $118.5 million, up 34.7%. Tyler kept its 2026 revenue guidance of $2.535 billion to $2.575 billion and added a $1.5 billion buyback authorization. Jun 9, 2026: At its Investor Day, Tyler raised its 2030 targets to $3.35 billion of annual recurring revenue and $1.15 billion of free cash flow. It plans to move 85% of its on-premises clients to the cloud by 2030. May 28, 2026: Tyler signed a new five-year $1.0 billion unsecured revolving credit facility, to May 2031. It replaced the $700 million facility. Tyler had no borrowings under either facility. May 14, 2026: Tyler issued $1.4375 billion of 0.50% convertible senior notes due 2031. It used about $320.7 million of the proceeds to buy back 1,026,900 of its shares. Capped call trades raised the effective conversion price to $655.77. Apr 29, 2026: Tyler reported Q1 2026 results. Revenue was $613.5 million, up 8.6%, and SaaS revenue grew 23.5%. Free cash flow was $102.8 million, more than double a year earlier. On April 14, it completed the purchase of For The Record, an AI speech-to-text company for courts, for about $212.7 million in cash.