Tyler Technol Stock Price, News & Analysis

Tyler Technologies (NYSE: TYL) has partnered with Missouri River Energy Services (MRES) to provide its Incode® ERP software to MRES member utilities across four states. This collaboration offers members preferred pricing and additional products like Tyler Content Manager™ and MyCivic™. MRES's president emphasized Incode's advanced utility billing capabilities. The partnership aims to enhance operational efficiencies, improve customer engagement, and streamline financial management processes for member utilities, promoting better service delivery.

Tyler Technologies, Inc. (NYSE: TYL) has secured a multi-year contract with the Florida Certification Board (FCB) for its State Regulatory Licensing and Enforcement software using the CAVU eLicense solution. This partnership highlights Tyler's commitment to regulatory agencies, offering enhanced online services and improved transparency in compliance with Florida legislation. The software's functionality will streamline processes including revenue management, reporting, and certification management for over 25,000 certified professionals in health and human services. Tyler's expertise in regulatory software was pivotal in this selection.

Tyler Technologies (NYSE: TYL) recently announced the winners of the 2021 Maine App Challenge, showcasing innovative mobile app designs from high school students. The winners are Aidan Blum Levine, Sarah Hagan, and Frazier Dougherty, who received a combined total of $10,000 in scholarships. The event, aimed at encouraging students to explore technology careers, also awarded tablets to the first 50 submissions and offered a guaranteed internship interview for top participants. The Maine App Challenge promotes engagement in STEM fields through partnerships with organizations like Educate Maine's Project Login.

Tyler Technologies, Inc. (NYSE: TYL) announces that the city of Destin, Florida, has successfully implemented its EnerGov™ civic services solution. This integration enhances the COMPASS project, allowing residents to access services online, including permit applications and inspection requests. The city has utilized Tyler's Munis® ERP since 1999, ensuring a seamless transition. The EnerGov™ solution streamlines government processes and improves efficiency for both city staff and residents. Destin, with over 14,000 residents, is expected to benefit significantly from enhanced communication and data management.

SafeGraph has announced a partnership with Tyler Technologies, enhancing the Tyler Recovery Insights solution for municipal and state governments. This collaboration will provide access to SafeGraph's extensive database of over 8 million points of interest (POIs) and foot traffic data, offering critical insights into economic recovery. The integrated solution aims to assist public sector leaders in understanding business dynamics and consumer activity during the recovery phase post-COVID-19. Key stakeholders emphasized the importance of this data for informed decision-making.

Tyler Technologies (NYSE: TYL) has announced that Bexar County, Texas, has officially implemented Tyler's Odyssey court case management and SoftCode civil process solutions. This transition from a legacy mainframe system after 38 years marks a significant advancement in operational efficiency for the county. These solutions streamline processes, allowing for a paperless system, improving accuracy, and supporting integration with state reporting systems. The implementation was successful and cost-effective due to its cloud-based nature, eliminating infrastructure costs.

Tyler Technologies (NYSE: TYL) updated its 2021 financial guidance following the acquisition of NIC Inc. This includes a projected GAAP revenue of $1.507 to $1.537 billion and non-GAAP revenue of $1.510 to $1.540 billion. NIC is expected to contribute approximately $310 million in non-GAAP revenue, with significant COVID-related impacts estimated at $57 million. GAAP EPS is forecasted between $3.58 and $3.74, with non-GAAP EPS ranging from $6.65 to $6.77. The company anticipates total capital expenditures of $40 million to $42 million and a pretax share-based compensation expense of around $100 million.

Tyler Technologies (NYSE: TYL) announced an agreement to acquire VendEngine for approximately $84 million in cash. This acquisition aims to enhance Tyler's offerings in the corrections market, serving over 300 facilities across 32 states. VendEngine is known for its innovative financial technology solutions that support incarcerated individuals and their families through services like digital messaging and educational opportunities. The transaction is expected to close in Q3, bringing significant growth potential and innovation to Tyler's corrections suite.