Tyler Technologies (TYL) continues to make solid strides in the tech market, despite some lags behind the general market performance. Principal Securities Inc, and Victory Capital Management Inc. have both taken substantial positions in TYL, with the latter holding a $15.04 Million stake. In major contracts, Tyler's digital solution suite is now live in the third-largest state prison system, and the FDC has been equipped with it. The company has partnered with USDA Forest Service's CJIS and JPS for modernizing and enterprise ERP deployment. It's also providing a public safety suite to Evanston, Illinois Police Department and a cannabis licensing system to Kentucky. However, insider sales from senior executives and directors raise concerns. SaaS revenues indicate strong growth, beating Q2 earnings and revenue estimates, and passing Q1 revenue forecasts. Shareholders have seen a 14% CAGR over the past five years, but there were concerns about share price discrepancies and the company's valuation. Tyler has been recognized on Forbes' 'America's Best Large Employers' list and the GovTech 100 list of 2024. In other news, Tyler announced an expanded strategic collaboration with AWS to boost the public sector and was chosen to improve Maryland cloud capacities.
Tyler Technologies TYL News Analytics from Thu, 10 Aug 2023 07:00:00 GMT to Wed, 15 May 2024 15:43:12 GMT -
Rating 5
- Innovation 8
- Information 7
- Rumor 0
