Tyler Technologies Inc
TYL: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$633.00 | Bkypy | Vnfphtljd |
Tyler’s Expanding Portfolio in Government Operational Software Supports a Wide Moat
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.