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Tyler Technologies (TYL) is a Top-Ranked Growth Stock: Should You Buy?

Zacks Equity Research
·2 min read

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.

Why This 1 Growth Stock Should Be On Your Watchlist

Different than value or momentum investors, growth-oriented investors are concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, they'll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see sustainable growth over time.

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Tyler Technologies (TYL)

Tyler Technologies is a leading provider of integrated information-management solutions and services for the public sector.

TYL is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of A and VGM Score of B. Earnings are expected to grow 8.1% year-over-year for the current fiscal year, with sales growth of 15.9%.

Three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.09 to $7.59 per share for 2022. TYL boasts an average earnings surprise of 8.6%.

On a historic basis, Tyler Technologies has generated cash flow growth of 15.9%, and is expected to report cash flow expansion of 34.5% this year.

With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, TYL should be on investors' short lists.


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Zacks Investment Research