Tyler Technol Stock Price, News & Analysis

Tyler Technologies (NYSE: TYL) has secured a five-year, $7.8 million contract with Cobb County, Georgia, for its CLT Appraisal Services and Assessment Connect solution. This agreement covers the valuation of all commercial properties in Cobb County, totaling over 13,800 properties worth more than $30 billion. The project aims to maintain fair market values and includes an additional tool for real-time data analysis. This collaboration reflects Tyler's continued relationship with Cobb County, enhancing their appraisal and assessment capabilities.

Tyler Technologies (NYSE: TYL) reported its Q1 2021 results with total revenues of $294.8 million, a 6.6% increase from Q1 2020. Recurring revenues surged 13.0% to $221.6 million, making up 75.2% of total revenue. Operating income grew 12.7% to $38.2 million, while net income decreased 22.2% to $37.0 million or $0.88 per diluted share. The company achieved cash flows from operations of $71.7 million, up 26.4%. Tyler also completed strategic acquisitions, including NIC, enhancing its market positioning.

Tyler Technologies (NYSE: TYL) announced the launch of the redesigned Kansas Board of Accountancy (KBOA) website, aimed at enhancing user experience and providing faster access to services. This upgrade was achieved through a public-private partnership, incurring no costs to taxpayers. The new site features a modern layout, improved accessibility across devices, and retains the iconic 'waving wheat' animation. The project highlights Tyler's commitment to modernizing government services and empowering public sector efficiency.

Tyler Technologies (NYSE: TYL) has successfully acquired NIC Inc. (NASDAQ: EGOV), a prominent digital government solutions provider serving over 7,100 agencies nationwide. This acquisition enhances Tyler's capabilities to provide innovative platform solutions for federal, state, and local governments, addressing high demand for efficient services. NIC processed over $24 billion in payments in 2020, boosting Tyler's strategic payment initiatives. NIC's CEO, Harry Herington, is retiring, while NIC's leadership will remain for smooth integration. Advisors include Goldman Sachs for Tyler and Cowen & Company for NIC.

Tyler Technologies (NYSE: TYL) has joined the IMS Global Learning Consortium as a contributing member, aiming to enhance educational technology interoperability. This membership allows Tyler to lead initiatives that improve K-12 schools’ data management through student information systems (SIS). Tyler is committed to promoting open standards for education technology, which will facilitate better integration among various software systems. The IMS Global community includes over 620 members, highlighting Tyler's significant role in advancing digital transformation in education.

Tyler Technologies (NYSE: TYL) will announce its first quarter 2021 results on April 29, 2021, at 10 a.m. ET during a teleconference led by CEO H. Lynn Moore Jr. and CFO Brian K. Miller. The press release will be available post-market close on April 28, 2021. Participants can pre-register via a provided link or dial in directly for the call. A replay will be accessible starting one hour after the call and will run until May 6, 2021. Tyler Technologies provides integrated software solutions for government entities, leveraging over 27,000 successful installations worldwide.

Tyler Technologies (NYSE: TYL) has launched the EnerGov Decision Engine, a web-based application designed to streamline the complex processes involved in understanding local ordinances, permits, and licenses. This user-friendly solution enables constituents to access necessary information quickly, such as land development and permit applications, while reducing the need for in-person visits to city hall. EnerGov Decision Engine integrates with Tyler's existing civic services and is currently utilized by over 600 municipalities across the U.S. and Canada.

Tyler Technologies, Inc. (NYSE: TYL) has released its second annual corporate responsibility report, highlighting its efforts in environmental, social, and governance (ESG) initiatives amidst global challenges in 2020. Key achievements include generating $361,000 in grants through the Tyler Foundation, saving 2.4 million pounds of paper via paperless solutions, offering unlimited coronavirus paid time off, and earning recognition on Forbes’ lists for workplace diversity. The report emphasizes Tyler's commitment to corporate responsibility and outlines strategies for enhancing transparency and impact.

Tyler Technologies, Inc. (NYSE: TYL) has acquired ReadySub, a cloud-based platform for absence tracking and substitute management in school districts. This acquisition enhances Tyler's portfolio by integrating ReadySub's solutions with its existing school administration products. ReadySub serves around 1,000 districts, with 20 overlapping clients. The platform addresses substitute shortages exacerbated by the pandemic, simplifying the process of filling absences and integrating payroll functions. ReadySub's team will join Tyler’s Schools organization, continuing remote operations.