Tyler Technol Stock Price, News & Analysis

Tyler Technologies (NYSE: TYL) has signed a five-year agreement with Mississippi to implement its NIC Licensing Solution (NLS) for the state's medical cannabis program. This platform facilitates patient registration, practitioner credentialing, and business licensing, enhancing regulatory efficiency. Tyler currently operates in four states, processing over 1.5 million applications. With over 11 years of service in Mississippi, Tyler’s NIC division continues to support various state agencies, emphasizing its commitment to innovative digital solutions.

Tyler Technologies (NYSE: TYL) released its third annual corporate responsibility report, detailing significant progress in sustainability and diversity efforts. The report highlights the establishment of a DEI Council, a reduction of 22,000 metric tons in carbon footprint, and an employee retention rate of 82%. Tyler ranked in the 93rd percentile on the Dow Jones Sustainability Index North America and engaged with over 2,000 community organizations. Innovations in digital inclusion have been emphasized to enhance access to government services.

Tyler Technologies (NYSE: TYL) has secured a two-year contract extension with the state of Mississippi, solidifying an 11-year partnership through its subsidiary, NIC. NIC provides over 340 digital services to more than 100 government entities in Mississippi, facilitating online transactions exceeding $151 million in 2021 alone. This collaboration has achieved a cost avoidance of over $16.5 million for the state. Mississippi’s government services are recognized nationally, winning 24 awards for their citizen-first approach.

Tyler Technologies has announced a new agreement with the city of Salem and the Willamette Valley Communications Center in Oregon for the implementation of its Enterprise CAD system. This solution will enhance dispatch capabilities for 31 public safety organizations, improving emergency response efficiency. With a transition from their previous vendor due to service discontinuation, the WVCC conducted thorough research before selecting Tyler's technology. The CAD system will facilitate better communication among agencies and provide first responders with real-time data access.

Tyler Technologies (NYSE: TYL) has successfully launched a pilot program of its Enterprise Supervision solution in six Kansas state courts. This initiative marks the first phase of a statewide rollout. The courts have adopted both Enterprise Supervision and Enterprise Justice case management systems, allowing improved tracking of probation processes. Enhanced communication and data management are expected benefits, including faster document generation and streamlined supervision processes. Tyler aims to expand this implementation to more counties soon.

Tyler Technologies (NYSE: TYL) has successfully implemented its Economic Intelligence solution for the state of New Jersey, aiding in economic recovery post-COVID-19. This tool integrates data from partners like SafeGraph and Affinity Solutions to analyze economic trends and support effective allocation of American Rescue Plan Act funds. By anonymizing consumer spending data, it provides comprehensive insights for state leadership, enabling better policy decisions regarding revenue regeneration and job protection. The solution enhances data visibility, crucial for planning economic recovery strategies.

Tyler Technologies (NYSE: TYL) has inked a deal with Johnson County, Kansas, to provide its Sketch and Desktop Verification software for a property appraisal project. The project aims to enhance the accuracy of property valuations through high-resolution imagery provided by Cyclomedia. This collaboration will allow the county to efficiently verify property conditions and increase accessibility to appraisal data through the cloud. Johnson County, the most populous county in Kansas with over 600,000 residents, will utilize this technology to ensure fair property assessments.

Tyler Technologies (NYSE: TYL) has successfully launched its Enforcement Mobile solution in North Carolina, now utilized by 460 law enforcement agencies statewide. This innovative solution generates 23,000 electronic citations weekly, enabling a fully automated citation process. Key benefits include reduced data entry, electronic citation issuance from patrol cars, and immediate data access for court users. Tyler’s system connects various law enforcement agencies, enhancing operational efficiency and service delivery.

Tyler Technologies (NYSE: TYL) will participate in two investor conferences in March 2022. Brian Miller, the CFO, will engage in a fireside chat at the JMP Securities Technology Conference on March 8 at 10:30 a.m. PT in San Francisco.

He will also speak at the Wolfe Research Software Virtual March Madness Conference on March 22 at 10:35 a.m. ET. Both events will offer one-on-one meetings and live webcasts of the discussions. Tyler Technologies offers integrated software solutions to the public sector, serving over 12,000 clients globally, recognized for innovation and efficiency.