Average trade momentum: Tyler Technologies, Inc. (NYSE: TYL)

On 11 March 2020, Tyler Technologies, Inc. stock identified change of 46.50% away from 52-week low price and recently located move of -15.37% off 52-week high price. TYL stock has been recorded -9.59% away from 50 day moving average and 6.86% away from 200 day moving average. Moving closer, we can see that shares have been trading -11.46% off 20-day moving average.

Tyler Technologies, Inc. (TYL) recently reported financial results for the fourth quarter ended December 31, 2019.

Fourth Quarter 2019 Financial Highlights:

Total revenues were $288.8M, up 19.4% from $242.0M for the fourth quarter of 2018. Organic revenue growth was 10.6%. Non-GAAP total revenues were $287.4M, up 18.3% from $243.0M for the fourth quarter of 2018. Non-GAAP organic revenue growth was 10.2%.

Recurring revenues from maintenance and subscriptions were $194.0M, up 22.7% contrast to the fourth quarter of 2018, and comprised 67.2% of fourth quarter 2019 revenues.

Operating income was $45.2M, up 16.0% from $38.9M for the fourth quarter of 2018. Non-GAAP operating income was $73.9M, up 13.4% from $65.2M for the fourth quarter of 2018.

Net income was $46.8M, or $1.15 per diluted share, up 48.3% contrast to $31.6M, or $0.79 per diluted share, for the fourth quarter of 2018. Non-GAAP net income was $58.2M, or $1.43 per diluted share, up 15.3% contrast to $50.5M, or $1.26 per diluted share, for the fourth quarter of 2018.

Cash flows from operations were $76.2M, up 7.5% contrast to $70.9M for the fourth quarter of 2018.

Adjusted EBITDA was $82.2M, up 14.0% contrast to $72.1M for the fourth quarter of 2018.

Software subscription arrangements comprised about 54% of total new software contract value in the fourth quarter, contrast to about 40% in the fourth quarter of 2018.

Subscription bookings in the fourth quarter added $12.0M in yearly recurring revenue.

Annualized non-GAAP recurring revenues were $769.9M, up 21.0% from $636.4M for the fourth quarter of 2018.

On October 30, 2019, Tyler purchased Courthouse Technologies, Ltd., a leading provider of jury management systems.

Full Year 2019 Financial Highlights:

Total revenues were $1.086B, up 16.2% from $935.3M in 2018. Organic revenue growth was 8.3%. Non-GAAP total revenues were $1.091B, up 16.1% from $939.7M in 2018. Non-GAAP organic revenue growth was 7.9%.

Recurring revenues from maintenance and subscriptions were $726.7M, up 20.1% contrast to $605.1M in 2018, and comprised 66.9% of 2019 revenues.

Operating income was $156.4M, up 2.5% from $152.5M in 2018. Non-GAAP operating income was $276.2M, up 10.4% from $250.3M in 2018.

Net income was $146.5M, or $3.65 per diluted share, down 0.6% contrast to $147.5M, or $3.68 per diluted share in 2018. Non-GAAP net income was $212.6M, or $5.30 per diluted share, up 10.3% contrast to $192.8M, or $4.80 per diluted share in 2018.

Cash flows from operations were $254.7M, up 1.8% contrast to $250.2M in 2018.

Adjusted EBITDA was $303.4M, up 10.5% contrast to $274.6M in 2018.

Software subscription arrangements comprised about 63% of total new software contract value in 2019, contrast to about 41% in 2018.

Subscription bookings in 2019 added $52.6M in yearly recurring revenue.

Total backlog was $1.46B, up 16.9% from $1.25B at December 31, 2018. Software-related backlog (not including appraisal services) was $1.43B, up 18.0% from $1.21B at December 31, 2018.

Effective January 1, 2019, Tyler adopted the requirements of ASU No. 2016-02, Leases (Topic 842), utilizing the modified retrospective method of transition.

The Technology sector company, Tyler Technologies, Inc. noticed change of -3.58% to $288.42 along volume of 349882 shares in recent session compared to an average volume of 279.76K. TYL’s shares are at 1.08% for the quarter and driving a 43.23% return over the course of the past year and is now at -3.87% since this point in 2018.   The average volatility for the week at 5.19% and for month was at 3.63%. There are 39.62M shares outstanding and 38.73M shares are floated in market.