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Tyler Technologies, Inc. - TYL STOCK NEWS

Welcome to our dedicated page for Tyler Technologies news (Ticker: TYL), a resource for investors and traders seeking the latest updates and insights on Tyler Technologies stock.

Tyler Technologies, Inc. (NYSE: TYL) is a prominent provider of comprehensive information management solutions tailored for local government entities. Established in Plano, Texas, Tyler Technologies is on a mission to enhance the efficiency, accessibility, and responsiveness of public sector organizations, including cities, counties, schools, and courts.

With a client base that spans over 14,000 local government offices across all 50 states, Canada, the Caribbean, the United Kingdom, and other international locations, Tyler Technologies is at the forefront of empowering public administration. The company’s flagship products include:

  • Munis: Tyler’s core Enterprise Resource Planning (ERP) system designed to integrate various administrative operations and enhance financial management.
  • Odyssey: A robust Court Management System (CMS) that streamlines judicial processes and improves case management efficiency.
  • Payments: A versatile platform facilitating seamless financial transactions and payment processing.

Beyond these core offerings, Tyler Technologies provides a diverse array of add-on modules and outsourced services, such as property tax assessment, to meet the unique needs of its clients. The company's dedication to innovation and consistent performance has earned it a spot on Forbes' list of “America’s Best Small Companies” eight times and inclusion in the Barron's 400 Index, recognizing the most promising companies in America, six times.

Tyler Technologies continues to drive advancements in public sector software, forming strategic partnerships and undertaking significant projects to modernize government operations. The company's solutions are designed to foster transparency, improve citizen engagement, and support the evolving demands of governmental bodies. For the latest updates, financial performance, and news about Tyler Technologies, visit their official website at www.tylertech.com.

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Tyler Technologies (NYSE: TYL) has launched the Citizen Connect platform for Clermont County, Ohio, enhancing property assessment processes. Utilizing the Socrata Connected Government Cloud, the county auditor can now analyze key performance indicators and data more efficiently compared to prior manual methods. The solution streamlines access to siloed appraisal data, improving transparency and communication with residents. Franklin Williams from Tyler emphasized the platform's role in empowering stakeholders by making data actionable.

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Tyler Technologies (NYSE: TYL) will engage in two major investor conferences in December 2020. Brian Miller, the Executive Vice President and CFO, is set to participate in a fireside chat at the Wells Fargo Virtual TMT Summit on December 2, 2020, at 12:40 p.m. ET. Additionally, he will host one-on-one meetings throughout the day. Miller will also take part in a fireside chat at the UBS Global TMT Virtual Conference on December 9, 2020, at 12:05 p.m. ET, alongside further one-on-one meetings. Live webcasts of these discussions will be available at Tyler's investor relations website.

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Tyler Technologies (NYSE: TYL) has received the AWS Healthcare Competency designation for its Entellitrak case management platform. This recognition highlights Tyler’s expertise in delivering solutions for healthcare providers and payers, ensuring secure management of clinical data. This achievement sets Tyler apart as an AWS Partner Network member proficient in healthcare solutions. CEO Lynn Moore emphasized the company’s commitment to aiding public sector clients in meeting their healthcare objectives through the flexible capabilities of their platform.

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Tyler Technologies (NYSE: TYL) announces the launch of New Jersey's COVID-19 Oversight website, leveraging its Socrata data platform. The site consolidates federal recovery funding information for transparency, tracking how the government allocates and spends COVID-19 recovery funds. It aims to ensure accountability, reduce fraud, and provide valuable resources to residents and businesses. Franklin Williams, president of Tyler's Data & Insights Division, emphasized the state's role in enhancing financial transparency. Tyler's Socrata has been operational since 2009, facilitating better data sharing across government systems.

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Tyler Technologies (NYSE: TYL) has signed an agreement with Nevada's Department of Public Safety to implement Tyler Supervision™ for the Nevada Parole and Probation Department. This modern solution will replace the outdated Offender Information Tracking System (OTIS), enhancing efficiency and automation in case management. The new system will facilitate better communication, tracking, and management of parole and probation cases. Key benefits include voice biometric check-ins, streamlined payment tracking, and improved data security standards.

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Tyler Technologies, Inc. (NYSE: TYL) has made its debut on the Albany Business Review's "Best Places to Work" list for 2020, being recognized among 48 firms from various sectors. This recognition is attributed to a comprehensive employee assessment managed by Quantum Workplace, where Tyler's nearly 150 Latham employees highlighted the firm’s strong company culture and dedication to public sector clients. The awards have been given for 17 years, and Tyler's inclusion emphasizes local pride and team contributions, marking a significant milestone for the company.

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Tyler Technologies, Inc. (NYSE: TYL) recently launched Alaska's new open data portal, utilizing its Socrata platform. This portal aims to enhance public access to government data, consolidating various datasets, including federal loan information and drug utilization statistics. Alaska's Chief Data Officer emphasized the importance of protecting residents' privacy while making public data more accessible. Since 2009, Tyler's Socrata has facilitated data sharing among government entities, demonstrating the company's commitment to transparency and efficient public service delivery.

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Tyler Technologies (NYSE: TYL) reported Q3 2020 revenues of $285.7 million, a 3.8% increase year-over-year, with organic growth at 3.3%. Non-GAAP revenues rose to $285.9 million, up 3.2%. Recurring revenues from subscriptions grew 12% to $207.3 million. Operating income increased 24% to $49.7 million. However, net income fell 2.7% to $39.3 million, or $0.94 per diluted share. The company revised its 2020 guidance upwards, expecting revenues between $1.117 and $1.129 billion, and EPS between $4.53 and $4.63, amid challenges from COVID-19 and an IT security incident that impacted revenue.

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FAQ

What is the current stock price of Tyler Technologies (TYL)?

The current stock price of Tyler Technologies (TYL) is $575.84 as of January 6, 2025.

What is the market cap of Tyler Technologies (TYL)?

The market cap of Tyler Technologies (TYL) is approximately 24.8B.

What does Tyler Technologies, Inc. do?

Tyler Technologies provides information management solutions and services for local governments, including software for cities, counties, schools, and courts.

Where is Tyler Technologies headquartered?

Tyler Technologies is headquartered in Plano, Texas.

What are the core products of Tyler Technologies?

The core products of Tyler Technologies include Munis (an ERP system), Odyssey (a court management system), and a payments platform.

How many clients does Tyler Technologies have?

Tyler Technologies serves over 14,000 local government offices across various regions including the United States, Canada, the Caribbean, and the United Kingdom.

Has Tyler Technologies received any notable recognition?

Yes, Tyler Technologies has been named one of 'America’s Best Small Companies' by Forbes eight times and has been included in the Barron’s 400 Index six times.

What additional services does Tyler Technologies offer?

In addition to its core software solutions, Tyler Technologies offers add-on modules and outsourced property tax assessment services.

Is Tyler Technologies an equal opportunity employer?

Yes, Tyler Technologies is an equal opportunity employer, providing consideration to all qualified applicants without regard to race, creed, gender/sex, marital status, or sexual orientation.

How does Tyler Technologies impact local governments?

Tyler Technologies enhances the efficiency, accessibility, and responsiveness of local governments through its software solutions, improving operations and citizen engagement.

Where can I find more information about Tyler Technologies?

More information about Tyler Technologies can be found on their official website at www.tylertech.com.
Tyler Technologies, Inc.

NYSE:TYL

TYL Rankings

TYL Stock Data

24.81B
42.57M
0.53%
93.66%
2.09%
Software - Application
Services-prepackaged Software
Link
United States of America
PLANO