Marshall Wace LLP has invested in
Tyler Technologies, Inc. with a $2.04 million stake. The company's stock has risen by 39.6% so far this year, prompting questions if it's still a buy. Major leverage came from a new
$700M Credit Facility, enhancing its financial flexibility. Tyler's move to the cloud resulted in a stock boost, with many organisations upgrading their government tech. Its
Equal Employment Opportunity Case Management Software reveals significant migrations. Despite concerns about potential overuse of debt, the company's rating was upgraded to buy and achieved
Q2 earnings and revenues above estimates.
Several institutional investors, including MBB Public Markets I LLC and Bank of Montreal, have been increasing their shareholdings. However, some financial inconsistencies cast a shadow on the stock's soaring trajectory. Despite this,
Tyler's stock performance surpasses other software stocks and shows promise as a long-term growth prospect. The company will host its Q2 2024 earnings conference call and webcast following its corporate responsibility report of 2023.
Tyler Technologies TYL News Analytics from Wed, 14 Feb 2024 08:00:00 GMT to Sat, 05 Oct 2024 09:08:42 GMT -
Rating 6
- Innovation 5
- Information 5
- Rumor 8
