Tyler Technologies is rated Buy, offering a highly resilient government software platform with 98% gross retention and minimal AI disruption risk. TYL's cloud migration and cross-selling are clear catalysts, expected to drive recurring revenue and margin expansion through 2029, with upside even under moderate execution. DCF-based fair value is $466/share (55% upside), with TYL trading at a decade-low 18.1x forward EV/FCF, well below its historical median.
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| Software Industry | Information Technology Sector | H. Lynn Moore Jr. CEO | XMUN Exchange | US9022521051 ISIN |
| US Country | 7,462 Employees | 26 Jan 1998 Last Dividend | 15 May 1990 Last Split | 30 Dec 1987 IPO Date |
Tyler Technologies, Inc. specializes in delivering comprehensive information management solutions and services tailored for the public sector. With operations segmented into Enterprise Software, Appraisal and Tax, and NIC, Tyler Technologies devotes its expertise to addressing the unique needs of government agencies, not-for-profit entities, and educational institutions. Founded in 1966 and headquartered in Plano, Texas, the company not only focuses on developing advanced software solutions but also emphasizes strategic partnerships, like its collaboration with Amazon Web Services for cloud hosting services, to enhance its offerings and extend its market reach. Through its diversified portfolio and dedication to innovation, Tyler Technologies plays a pivotal role in transforming public sector operations by integrating technology with day-to-day administrative and operational processes.