Tyler Technol Stock Price, News & Analysis

Tyler Technologies (NYSE: TYL) has announced a strategic agreement with the Delaware Department of Safety and Homeland Security to implement the National Emergency Response Information System (NERIS). The collaboration, in partnership with Emergency Networking, will provide Delaware with a unified platform for incident reporting, data analysis, and operational oversight in public safety operations.

The transition to NERIS will enable faster data collection, enhanced reporting capabilities, and deeper analytics while ensuring compliance with federal mandates requiring all fire and emergency services departments to adopt NERIS by January 1, 2026. Delaware, a longtime Tyler client, currently uses multiple Tyler public safety solutions for dispatch and law enforcement needs.

Tyler Technologies (NYSE: TYL) has secured a significant contract with Los Angeles County, California, to implement its AI-powered Priority Based Budgeting (PBB) solution. The solution will help modernize the management of the county's $40 billion budget by shifting from traditional line-item budgeting to a data-driven approach. Selected through a competitive process, Tyler's PBB solution will use AI to streamline implementation and accelerate predictive analytics for identifying budget savings and revenue opportunities. The system aims to maximize resource allocation, enhance fiscal resilience, and improve public transparency. Los Angeles County, as the most populous U.S. county, joins other major jurisdictions like Kansas City, Missouri, in adopting this innovative budgeting approach, which is recognized by the Government Finance Officers Association and the International City/County Management Association.

Tyler Technologies and TrueRoll mark one year of successful partnership in modernizing property tax assessment operations. The integration combines Tyler's Computer-Assisted Mass Appraisal (CAMA) system with TrueRoll's automated homestead exemption management tools, helping county assessors improve efficiency and accuracy. The partnership streamlines two key workflows: processing new exemption applications and monitoring existing homesteads for eligibility changes. Williamson Central Appraisal District in Texas has achieved significant results, including 50% faster application processing, improved accuracy, and reduced refund costs without additional staffing. The integration helps counties maintain tax roll accuracy while reducing manual work and administrative complexity, particularly important as assessor offices face increasing complexity, limited staff, and tighter budgets.

Tyler Technologies has secured a significant contract with Kenosha, Wisconsin, to provide an integrated suite of public administration solutions. The agreement includes Enterprise ERP, Permitting & Licensing, Asset Management, Assessment & Tax, and Municipal Justice solutions. This comprehensive implementation will replace Kenosha's 40-year-old in-house ERP system, modernizing operations across all city departments. The city, already using Tyler's Enterprise Public Safety solution, will leverage the new integrated platform to enhance collaboration between government workers and improve communication with vendors, customers, and residents. The solution will manage core functions including financials, procurement, HR, payroll, revenues, permitting, inspections, code enforcement, and court processes.

Tyler Technologies (NYSE: TYL) has been recognized as a Leader for its Enterprise ERP solution and a Visionary for its ERP Pro offering in Gartner's first-ever Magic Quadrant™ for Cloud-Based ERP for U.S. Local Government. The company's ERP solutions serve over 7,000 public sector organizations, providing comprehensive functionality for finance, budgeting, procurement, HR, payroll, tax, utility billing, and revenues.

Tyler's solutions focus on automating and streamlining accounting processes, improving data access, and enhancing community services. The company has demonstrated strong market presence with more than 45,000 successful installations across 13,000 locations in all 50 states, Canada, the Caribbean, Australia, and other international locations.

VuSpex has been selected as the virtual inspection software provider for Tyler Technologies' (TYL) Enterprise Permitting & Licensing solution. The integration, available with the 2025.1 release, will enable seamless virtual inspections through Tyler's platform. VuSpex's technology allows for efficient transmission of inspection data, including high-resolution photos and videos, even in low bandwidth conditions.

Key features include automated language translation between inspectors and contractors, offline capabilities for contractors, and the ability to automatically attach inspection artifacts to permit records in real-time. The VuSpex GO App enables contractors to submit photos and videos with automatic notifications to inspectors. With over 11 successful integrations and two key patents in virtual inspections, VuSpex's solution aims to streamline inspection processes, enhance efficiency, and reduce inspection backlog for public sector clients.

Tyler Technologies (NYSE: TYL) has announced its 2025 Public Sector Excellence Award winners at the Tyler Connect user conference in San Antonio, Texas. 28 organizations were recognized across various categories including Civic Interaction & Public Trust, Connected Community, Data & Transparency, Digital Services & Cloud, Equity & Access, Operational Efficiency, and Performance & Innovation. The conference, attended by over 5,000 clients, features nearly 700 education and training sessions.

The awards, established in 2010, have recognized more than 300 public sector organizations for innovative use of Tyler's solutions. Winners were selected by Tyler leadership based on their leadership, innovation, and excellence in implementing Tyler's solutions. The conference, running through May 14, includes keynote speakers and networking opportunities with Tyler leaders.

A class action lawsuit has been filed against Tyler Technologies (NYSE: TYL) over alleged unlawful 'junk fees' charged on California's parks reservation website, ReserveCalifornia.com. The lawsuit claims Tyler Technologies imposes undisclosed transaction fees that increase reservation costs by over 20% and misleads customers into believing these fees go to Cal Parks. According to internal records, these fees are projected to generate $37 million in FY 2025/26 and $398 million over the contract period. The lawsuit alleges violations of California's Honest Pricing Act, which banned junk fees as of July 2024, along with other state laws. Tyler Technologies, with $2.13 billion in 2024 revenue and a $23 billion market cap, is accused of violating its contractual obligations to comply with California laws while operating the website.

Tyler Technologies (NYSE: TYL) has announced an integration with The Work Number® from Equifax® to enable automated income and employment verifications through Tyler's Enterprise Resource Planning (ERP) software. The integration will be available to current Tyler ERP clients at no additional cost and works with Enterprise ERP, ERP Pro, School ERP Pro, and New World ERP platforms.

The automated system offers several benefits including 24/7 verification availability, enhanced data security through encryption, streamlined employee experience, and faster decision-making for verifiers such as lenders or social service agencies. This integration aims to reduce HR administrative burdens while helping employees more efficiently access credit, housing, and government benefits.