Victory Capital Management Boosts Investment in Tyler Technologies with SEC Filing
August 10, 2023
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Victory Capital Management Inc. has taken a big step in increasing its investment in Tyler Technologies ($NYSE:TYL). According to a filing with the Securities & Exchange Commission on August 2, 2023, Victory Capital Management has now increased its stake in Tyler Technologies. Tyler Technologies is a public sector software and services company that provides enterprise software, data analytics, and technology-enabled services for the education, government, and healthcare markets. Tyler Technologies offers a range of software products, including Tyler ERP, Tyler Munis, and Tyler Payroll and Human Capital Management (HCM).
Additionally, the company provides services such as software implementation, consulting, data analytics, and professional services.
Price History
On Friday, Tyler Technologies stock opened at $385.0 and closed at $381.9, representing a 0.2% decrease from its closing price of 382.6 on the previous day. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Tyler Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 1.9k | 164.31 | 8.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Tyler Technologies. More…
| Operations | Investing | Financing |
| 306.76 | -62.64 | -378.41 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Tyler Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.64k | 1.87k | 65.81 |
Key Ratios Snapshot
Some of the financial key ratios for Tyler Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.6% | 9.1% | 11.1% |
| FCF Margin | ROE | ROA |
| 13.7% | 4.8% | 2.9% |
Analysis
At GoodWhale, we have done a comprehensive analysis of TYLER TECHNOLOGIES and its fundamentals. Our Star Chart gave TYLER TECHNOLOGIES an impressive health score of 8/10 due to its strong cashflows and debt management. TYLER TECHNOLOGIES was particularly strong in areas such as growth and profitability, but was comparatively weaker in asset and dividend. We classified TYLER TECHNOLOGIES as a ‘rhino’, meaning it achieved moderate revenue or earnings growth. Given its characteristics, we believe that value investors, growth investors, and income investors would be interested in investing in TYLER TECHNOLOGIES. Value investors may be attracted to its strong cashflows and debt management. Growth investors may be excited about its growth and profitability potential. Finally, income investors may like the potential dividend distribution as well as its debt management. More…
Peers
The company’s competitors include Global Profit Technologies Inc, Guidewire Software Inc, and AppFolio Inc.
– Global Profit Technologies Inc ($OTCPK:GLPT)
Guidewire Software is a leading provider of core insurance software products for the global property and casualty (P&C) insurance industry. Guidewire’s software products are built on a common technology platform and are designed to be easily integrated with one another and with third-party systems.
The company’s products are used by insurers of all sizes to underwrite, policy, and bill policies; process and pay claims; and analyze insurance data. Guidewire’s software is used by insurers in more than 50 countries, including Allianz, Farmers Insurance Group, GEICO, Liberty Mutual Insurance, Progressive, and Zurich Insurance Group.
Guidewire Software has a market cap of 4.99B as of 2022. The company’s Return on Equity for the same period is -9.06%.
– Guidewire Software Inc ($NYSE:GWRE)
AppFolio Inc is a provider of industry-specific cloud-based software solutions for small and medium-sized businesses in the United States. The company offers AppFolio Property Manager, a cloud-based software solution for the real estate industry that enables property managers to manage their properties, including marketing and leasing properties, tracking tenant information, and accounting and financial reporting; and AppFolio Investment Manager, a cloud-based software solution that enables landlords and property managers to manage their investment properties.
Summary
Victory Capital Management Inc. recently increased its stake in Tyler Technologies through a filing with the Securities & Exchange Commission. This indicates that Victory sees potential for further growth in Tyler Technologies, a cloud-based software provider for the public sector. Analysts suggest that this investment indicates optimism in Tyler Technologies’ services and long-term growth prospects.
Tyler Technologies’ financial performance has been strong, with significant revenue growth and strong cash flow, indicating that investors are bullish on the company’s prospects for the long term. The increased stake signals that Victory Capital Management Inc. is confident in Tyler Technologies’ ability to continue delivering positive returns.
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