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Tyler Technologies: Recommending Buy Rating Based On Strong Demand Trend

Normad Capital profile picture
Normad Capital


  • TYL is a major provider of integrated information management solutions for the public sector.
  • The company's revenue and operating margin have exceeded 2Q23 expectations, driven by growth in SaaS and subscription revenue.
  • Tyler Technologies is well-positioned for future growth, with strong demand, a healthy deal flow, and a successful transition to cloud-based solutions.

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Tyler Technologies (NYSE:TYL) is a major provider of integrated information management solutions and services for the public sector. Tyler's has a broad line of software solutions and services to address the information technology needs of major areas of

This article was written by

Normad Capital profile picture
Both a full-time investor and a full-time operations manager. I've learned about investing over the years by reading and researching businesses that, in my opinion, have a significant competitive advantage that can sustainably produce returns above its cost of capital.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (3)

I've owned TYL for 10+ years. I'd say middle innings. They've gone from smaller city & county clients to much larger ones - state & Federal - with the Micropact and NIC acquisitions. Total revs are almost 20X larger than when I bought - their 2022 R&D spend was over $100 million - about what their total revs were 10-12 years ago. And they predicted revenues would double by 2030 during the June Investor Day presentation. The move to SaaS and AWS is probably a key move to support this growth. GLTA
@28079883 Thanks for the thoughtful answer.
I have followed TYL for awhile - recently purchased - where does the author believe they are in their growth cycle - early innings, middle innings, later innings. The move to be SaaS and utilizing AWS as opposed to licensing snd their private cloud seems like a great opportunity to bring more business in. Looking for the author’s thoughts and a PT. Their recent acquisition also seemed to be about future business using AI.
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