Tyler Technologies Inc
TYL: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $222.00 | Mbzx | Hzhkmdvy |
Tyler Technologies Is Moving Beyond Just Modernizing Local Governments
Business Strategy and Outlook
We view Tyler Technologies as the clear leader in a slow-moving and underserved niche market of government operational software. 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.