Tyler Technologies Inc
TYL: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$366.00 | Brvg | Qphqgxmgt |
Tyler’s Leadership in Vertical Software for Governmental Bodies Are Unaffected by Move to Cloud
Business Strategy and Outlook
We view Tyler Technologies as the clear leader in a sleepy and underserved public service software niche market. We believe there is a decadelong runway for normalized top-line growth near 10% at Tyler, especially as demand for SaaS accelerates and the need to modernize local governments’ legacy enterprise resource planning systems intensifies.