Tyler Technologies (TYL) shares have gained 39.6% in the year-to-date period, outperforming the Zacks Business - Software Services industry, Zacks Computer and Technology Sector and S&P 500 index's return of 15.7%, 24.2% and 21.1%, respectively. TYL's outperformance can be attributed to its steady flow of customer wins and robust financials. So far this year, Tyler has gained numerous clients from the government, healthcare and education end markets. TYL enabled Lewis County with its Enterprise Assessment & ...

Tyler Technologies (TYL) shares have gained 38.5% in the year-to-date period, outperforming the Zacks Business - Software Services industry, Zacks Computer and Technology Sector and the S&P 500 index's return of 14.7%, 24.5% and 20.5%, respectively. Tyler's outperformance can be attributed to its steady flow of customer wins and robust financials. Recently, Tyler has shifted its clients from its older ICOMPLAINTS platform to its latest Application Platformbased Equal Employment Opportunity (EEO) Case Manage ...

Tyler Technologies (TYL) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. The power of ...

Collaboration brings together tools and services for priority-based budgeting, strategic planning and performance management, in line with Rethinking Budgeting guidelines VANCOUVER, BC, Sept. 10, 2024 /PRNewswire/ -- Envisio, a strategy and performance management software company, and Tyler Technologies, Inc. (NYSE: TYL), a leading provider of integrated software and technology services for the public sector, today announced a strategic partnership to rethink local government budgeting and improve community ...

For the quarter ended June 2024, Tyler Technologies (TYL) reported revenue of $540.98 million, up 7.3% over the same period last year. EPS came in at $2.40, compared to $2.01 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $537.34 million, representing a surprise of +0.68%. The company delivered an EPS surprise of +2.56%, with the consensus EPS estimate being $2.34. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers a ...

Company Performance - Tyler Technologies reported quarterly earnings of $2.40 per share, exceeding the Zacks Consensus Estimate of $2.34 per share, and up from $2.01 per share a year ago, representing an earnings surprise of 2.56% [1] - The company posted revenues of $540.98 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.68%, compared to $504.28 million in the same quarter last year [2] - Over the last four quarters, Tyler Technologies has surpassed consensus EPS estimates four times and topped consensus revenue estimates two times [2] Stock Performance - Tyler Technologies shares have increased approximately 25.9% since the beginning of the year, outperforming the S&P 500's gain of 16.5% [3] - The current consensus EPS estimate for the upcoming quarter is $2.38, with expected revenues of $542.75 million, and for the current fiscal year, the EPS estimate is $9.19 on revenues of $2.13 billion [6] Industry Outlook - The Business - Software Services industry, to which Tyler Technologies belongs, is currently in the top 20% of over 250 Zacks industries, indicating a favorable outlook [7] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Tyler Technologies' stock performance [4]

Core Viewpoint - Tyler Technologies (TYL) is expected to report second-quarter 2024 results on July 24, with earnings estimated at $2.34 per share, reflecting a 16.4% increase year-over-year, and revenues projected at $537.3 million, indicating a 6.6% increase from the previous year [1] Revenue Estimates - The second-quarter revenue for Tyler is anticipated to benefit from the demand for its subscription-based SaaS products, with Subscription segment revenues estimated at $331.5 million, representing an 11.3% year-over-year increase [4] - Total revenues from Subscriptions, Professional Services, and Maintenance segments are estimated at $514.7 million, indicating a 7.1% year-over-year increase [6] Segment Performance - Software Licenses and Royalties segment revenues are estimated at $9.4 million, while Professional Services revenues are projected at $67.8 million, showing a 2% year-over-year growth [5] - Maintenance segment revenues are expected to decline by 1% to $115.3 million [5] Recent Developments - Tyler has made two acquisitions in the past 12 months, ARInspect and ResourceX, which are expected to contribute positively to the company's revenue during the quarter [6] Market Conditions - Ongoing macroeconomic and geopolitical challenges, including high interest rates and inflation, may have negatively impacted Tyler's business, leading to delayed procurement processes in the public sector [7] - The shift to cloud solutions is likely to have affected operating margins due to a decline in license revenues and increased operating expenses [8] Earnings Prediction - The current model does not predict an earnings beat for Tyler, as it holds a Zacks Rank 3 and an Earnings ESP of 0.00% [9]

Subscription Model Gains Traction: To align with clients' evolving needs, industry participants are increasingly adopting subscription and term license-based revenue models, moving away from traditional upfront payment models. Subscription-based models offer greater revenue visibility and higher recurring revenues, benefiting companies in the long term. However, this transition might slow top-line growth as subscription revenues are recognized more gradually compared to upfront term-license payments. The Za ...

TYL is a #3 (Hold) on the Zacks Rank, with a VGM Score of B. For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. Value Scor ...

Tyler Technologies, Inc.'s (TYL) shares have risen 18.1% year to date, significantly outperforming the Zacks Business - Software Services industry's decline of 1.8%. This robust performance is driven by the increasing adoption of digital technologies by public sector bodies and governments across the United States. TYL has a robust workforce in Maine, with more than 1,250 employees based in the state. The company has consistently been recognized as one of the best places to work in Maine, which is a testame ...