TYL set for a recoveryAlthough $TYL missed EPS and REV in the latest report, it happened by a small margin and the company recorded +16% in revenues in 2022 and +18% on the Operating Income. $TYL has a good business growth history and the stock price have some perspectives to improve.
I post these ideas for my journal. Do your homework and size your position accordingly.
Tyl
$TYLStrong support on the trendline & 200dMA(blue). 20dMA (green) crossing upwards through the 50dMA(red) which is medium term bullish signal. Our STOCH is hanging around in oversold territory currently & just recently has a nice hammer candle.
Some DD - Tyler Technologies just recently acquired ReadyStub, which makes scheduling software for school districts. ReadyStub works with approx. 1k school districts across the United States & TYL already has 2k school districts as clients.
Some would say TYL is significantly overvalued, but the long term return of this company I love. Its projected to grow 10.78% annually over the next five years. They have strong financial strength with a good cash to debt ratio and interest coverage. They are at 30.47 which is better than 75% of the companies in the software industry. $TYL has been profitable 10 times over the last 10 years. Over the past 12 months the company has had a revenue of $1.1 billion dollars. Its operating margin is 15.49% which ranks them better than 82% of the companies in software industry.
This is not financial advice, I am not a financial advisor. This is solely my opinion.
People about to have Sharp Buy Signals for this one: $385 TargetFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I believe TYL given its bullish momentum right now is soon going to pass the $380 threshold, and if the market is looking bullish may also pass that $385 threshold for a new high. As a short target, it looks like the market analyst are calling a strong buy on this one. Risk is medium.