Tyler Technologies (TYL) has recently made several notable moves in the market. The company has released its Q4 2024 results, with strong growth depicted, despite mixed reactions due to missing estimates by $0.57 EPS. Notably, the company acquired public sector tech MyGov, showcasing continued expansion efforts. However, recent projections for FY 2025 suggest growth, with a focus on SaaS revenue.
There is robust interest from investors with Allspring Global Investments Holdings LLC and Van ECK Associates Corp acquiring significant shares. However, concern arose when insiders sold $17m worth of stock. Nevertheless, the company's recent gains and future prospects led analysts to raise the price target to $704 and maintain a buy rating. The cloud shift contributed to beating revenue estimates. However, the stock fell after Q4 results.
The company has announced some executive changes, with a new Chief Client Officer and other C-suite alterations. Tyler Technologies keeps demonstrating strong industry standing by topping the GovTech 100 rankings and earning a place in Newsweek's list of America's Greatest Workplaces for Diversity.
Tyler Technologies TYL News Analytics from Tue, 06 Aug 2024 07:00:00 GMT to Sat, 15 Feb 2025 17:19:44 GMT - Rating 8 - Innovation 7 - Information 9 - Rumor -2
