Latest news with #TylerTechnologies
Business Wire
2 days ago
- Business
- Business Wire
City of Kenosha, Wisconsin, Selects Public Administration Solutions from Tyler Technologies
PLANO, Texas--(BUSINESS WIRE)-- Tyler Technologies, Inc. (NYSE: TYL) announced it has signed an agreement with the city of Kenosha, Wisconsin, for Tyler's connected Enterprise ERP, Enterprise Permitting & Licensing, Enterprise Asset Management, Enterprise Assessment & Tax, and Municipal Justice solutions. 'Tyler's integrated public administration suite will provide a fresh approach for all of our operational needs, streamlining our processes, bringing added efficiencies, and enabling better transparency for staff and residents,' said Kenosha City Administrator John W. Morrissey. 'This strategic modernization initiative will provide technology advancements for years to come, and we look forward to working with the Tyler team on the implementation of the system.' Tyler will replace Kenosha's in-house developed enterprise resource planning (ERP) solution that has been in use for more than 40 years by every department. It was essential for the city to find a vendor that could replace all its software needs with an integrated platform. As a current Tyler client using Tyler's Enterprise Public Safety solution, the city was already familiar with Tyler. Tyler's fully integrated solution will empower Kenosha's residents and city government workers to efficiently collaborate across various departments and allow better communication with vendors, customers, and residents. Tyler will provide a full suite of products to support the city's administrative needs including financial management, human capital management, utility billing, and asset management. In addition to using Tyler's Enterprise ERP solution to manage the city's core functions, including financials, procurement, human resources, payroll, and revenues, the city will also use Tyler's Enterprise Permitting & Licensing solution to administer all aspects of planning, permitting, inspections, code enforcement, and compliance. Lastly, the city will use Municipal Justice software to automate processes related to communicating court dates, fine information, and judgments. 'Tyler's decades of experience serving the public sector and jurisdictions of all sizes brings a breadth of expertise that the city of Kenosha will greatly benefit from,' said Chris Webster, president of Tyler's ERP & Civic Division. 'Tyler's established commitment to the public sector ensures that the city is supported with the tools that it needs for long-term success.' The city of Kenosha is the fourth largest city in Wisconsin and has a population of nearly 100,000. Kenosha is in the southeastern corner of Wisconsin, bordered by Lake Michigan to the east. About Tyler Technologies, Inc. Tyler Technologies (NYSE: TYL) provides integrated software and technology services to the public sector. Tyler's end-to-end solutions empower local, state, and federal government entities to operate efficiently and transparently with residents and each other. By connecting data and processes across disparate systems, Tyler's solutions transform how clients turn actionable insights into opportunities and solutions for their communities. Tyler has more than 45,000 successful installations across nearly 13,000 locations, with clients in all 50 states, Canada, the Caribbean, Australia, and other international locations. Tyler has been recognized numerous times for growth and innovation, including Government Technology's GovTech 100 list. More information about Tyler Technologies, an S&P 500 company headquartered in Plano, Texas, can be found at #TYL_Financial
Forbes
28-05-2025
- Business
- Forbes
Palantir: Too High A Price?
Palantir Technologies Inc. (NYSE: PLTR) has exhibited remarkable stock market performance over the last year, fueled by an increase in demand for its AI-powered platforms in both government and commercial sectors. As of May 24, 2025, PLTR shares finished at $123.31 – marking a 63% increase year-to-date and an impressive 400+% rise over the past year. In just the past month, the stock surged by more than 40%, highlighting investor excitement regarding the company's AI-driven capabilities. Palantir reported a 36% year-over-year revenue increase in Q4 2024, reaching $828 million, and has projected full-year 2025 revenues to fall between $3.74 billion and $3.76 billion. Although the company's revenue growth and market momentum are undeniably robust, concerns about its valuation persist. When contrasted with its peers, Palantir's superior performance becomes even more pronounced. Tyler Technologies achieved a modest 12% year-to-date gain and a 20% increase over the past year, thanks to stable demand in public-sector software. Verint Systems has seen a decline of approximately 15% YTD and 25% over the past year due to scaling difficulties. Datadog, a formidable competitor in the cloud monitoring market, has risen 28% YTD and 45% over 12 months, while Alteryx has faced challenges, with its stock dropping 40% year-to-date and more than 60% over the year. In contrast, Palantir's nearly parabolic rise reflects the market's optimistic outlook on its AI potential – but also raises questions about sustainability. In this comprehensive evaluation, we explore whether one should Buy or Fear Palantir Technologies stock. That being said, if you are looking for upside with less volatility than from individual stocks, the Trefis High Quality portfolio offers an alternative, having outperformed the S&P 500 and generated returns exceeding 91% since its inception. One of the most evident warning signs regarding Palantir stock is its valuation. With a price-to-sales (P/S) ratio of 101.5 (in comparison to the S&P 500's average of only 2.8), PLTR is demanding a valuation premium that few companies can sustain over the long term. Investors are essentially paying over 100 times current revenues – a benchmark that suggests not only continued growth but nearly flawless execution. Our thorough examination of PLTR's valuation details the various factors influencing its valuation. Palantir's growth narrative is undeniably captivating. Over the last three years, the company has expanded its top line at an average annual rate of 23%. In the past twelve months, revenues escalated by 28.8%, from $2.2 billion to $2.9 billion. Its latest quarterly figures were even more impressive, showcasing a 36% year-over-year increase. These statistics illustrate Palantir's increasing penetration into commercial sectors and its sustained strength in government contracts. Although profitability metrics are not as spectacular, they still suggest a solid operating foundation. The operating income for the past four quarters amounted to $310 million, reflecting a modest 10.8% margin. Nevertheless, the company generated a robust $1.2 billion in operating cash flow, leading to a 40.3% OCF margin. The net income for the period came to $462 million, resulting in a moderate 16.1% net income margin. This combination indicates healthy cash generation, although there is potential for enhancing operational efficiency. Palantir's balance sheet stands out as a significant strength. With only $239 million in debt and an enormous market cap of $273 billion, the company possesses a debt-to-equity ratio of just 0.1%. Additionally, it retains $5.2 billion in cash and equivalents – constituting 82.5% of its total $6.3 billion in assets. Such liquidity provides a robust buffer against market fluctuations and grants Palantir considerable strategic flexibility. Despite its numerous strengths, Palantir has faced a concerning history of underperformance during economic downturns. In the wake of the 2022 inflation crisis, the stock tumbled 84.6%, while the S&P 500 decreased by only 25.4%. Similarly, during the COVID-19 pandemic, Palantir fell 53.9%, compared to the broader index's 33.9% slump. Although the stock has since bounced back and exceeded its previous highs – achieving $130.18 in May 2025 – its past indicates susceptibility to macroeconomic challenges. There is no doubt that Palantir is performing admirably and has established a leading role in AI-driven analytics. Its growth trajectory, cash generation, and financial stability situate it among the stronger contenders in the industry. However, its valuation metrics remain exceedingly high by any historical or sector benchmark. While momentum investors might continue to ride this wave, those with a value-driven strategy may regard PLTR as relatively expensive at current prices. As always, prospective investors should consider the company's significant potential against the risks associated with purchasing a stock that commands a high price. Investing in an individual stock like Moderna can present risks. Conversely, the Trefis High Quality (HQ) Portfolio, consisting of 30 stocks, boasts a history of comfortably outperforming the S&P 500 over the past four years. Why is that? Collectively, HQ Portfolio stocks delivered superior returns with reduced risk compared to the benchmark index, leading to a less turbulent investment experience, as evident in HQ Portfolio performance metrics.
Yahoo
23-05-2025
- Business
- Yahoo
Why Tyler Technologies Stock Eked out a Gain on Thursday
It received high marks from an influential IT market research company. While this doesn't materially and directly impact Tyler, it does help lift its reputation. 10 stocks we like better than Tyler Technologies › Tyler Technologies (NYSE: TYL) stock landed in the black, albeit just barely, on the second-to-last trading day of the week. The public-sector-focused enterprise software company managed to squeeze out a slight (0.1%) share price gain, thanks to its landing on a prestigious list. By contrast, the bellwether S&P 500 index closed the day marginally lower. Wednesday afternoon near market close, Tyler announced that it has been tagged a "leader" and "visionary" in the Gartner Magic Quadrant for Cloud-Based ERP for U.S. Local Government. Gartner is a veteran influential tech industry researcher, and its Magic Quadrant is a proprietary research method used to evaluate the overall quality of such companies. In the quadrants, companies are placed into one of four categories -- leaders, visionaries, challengers, and niche players. The former two are considered prestigious. ERP stands for enterprise resource planning, referring to software systems that help organizations integrate their business processes. In Tyler's view, the company's good placement is due to its offerings having significant added value. It quoted the president of its public administration group, Dane Womble, as saying that the products "go beyond the boundaries of traditional ERP, offering innovative suites that power local governments with a wide array of solutions." Tyler already has a fairly solid reputation as a provider of useful solutions, so it isn't surprising the Gartner news moved the needle only a bit on the stock. But reputation matters in its business, so its placement on the Magic Quadrant is undoubtedly a feather in its cap, hence the lightly positive reaction from the market. Before you buy stock in Tyler Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Tyler Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $644,254!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $807,814!* Now, it's worth noting Stock Advisor's total average return is 962% — a market-crushing outperformance compared to 169% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tyler Technologies. The Motley Fool recommends Gartner. The Motley Fool has a disclosure policy. Why Tyler Technologies Stock Eked out a Gain on Thursday was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
21-05-2025
- Business
- Business Wire
Tyler Technologies Named a Leader in the 2025 Gartner® Magic Quadrant™ for Cloud-Based ERP for U.S. Local Government
PLANO, Texas--(BUSINESS WIRE)-- Tyler Technologies, Inc. (NYSE: TYL), a leading and innovative provider of solutions in the ERP market, announced today that it has been positioned in the Gartner® Magic Quadrant™ for Cloud-Based ERP for U.S. Local Government as a Leader for its Enterprise ERP solution and a Visionary for its ERP Pro offering. The evaluation was based on specific criteria that analyzed the company's overall Completeness of Vision and Ability to Execute. 'We're honored to be recognized as both a Leader and Visionary in the first-ever Gartner® Magic Quadrant™ for Cloud-Based ERP for U.S. Local Government,' said Dane Womble, president of Tyler's Public Administration Group. 'Tyler's ERP solutions go beyond the boundaries of traditional ERP, offering innovative suites that power local governments with a wide array of solutions covering finance, priority-based budgeting, utility billing, community development, asset maintenance, tax collections, cashiering and online payments, for both acquiring and disbursements.' Tyler's ERP solutions are used by more than 7,000 public sector organizations to manage its core functions, including financials, procurement, HR, payroll, tax, utility billing, and revenues. Both Enterprise ERP and ERP Pro automate and streamline the accounting, budgeting, procurement, and utility billing processes, leading to enhanced efficiencies, improved access to data, and increased community services. Both solutions simplify the management and reporting of financial data and revenue management with a focus on efficiency, data centralization, and ease of access for increased citizen engagement. Magic Quadrant™ reports are a culmination of rigorous, fact-based research in specific markets, providing a wide-angle view of the relative positions of providers in markets where growth is high, and provider differentiation is distinct. Providers are positioned into four quadrants: Leaders, Challengers, Visionaries, and Niche Players. Download a complimentary copy of the Magic Quadrant™ report to learn more about Tyler Technologies. Gartner does not endorse any vendor, product or service depicted in our research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved. About Tyler Technologies, Inc. Tyler Technologies (NYSE: TYL) is a leading provider of integrated software and technology services for the public sector. Tyler's end-to-end solutions empower local, state, and federal government entities to operate efficiently and transparently with residents and each other. By connecting data and processes across disparate systems, Tyler's solutions transform how clients turn actionable insights into opportunities and solutions for their communities. Tyler has more than 45,000 successful installations across 13,000 locations, with clients in all 50 states, Canada, the Caribbean, Australia, and other international locations. Tyler has been recognized numerous times for growth and innovation, including on Government Technology's GovTech 100 list. More information about Tyler Technologies, an S&P 500 company headquartered in Plano, Texas, can be found at #TYL_General
Yahoo
20-05-2025
- Business
- Yahoo
Benson chief of staff apologizes to legislators for buggy new campaign finance reporting system
House Oversight Committee and the House Appropriations General Government Subcommittee meeting in joint session. May 20, 2025 | Photo by Ben Solis It was a rough day for the Michigan Department of State on Tuesday as lawmakers from two separate legislative committees grilled officials about major ongoing issues with the state's new campaign finance reporting system. The haranguing was a bipartisan affair, with lawmakers from both sides of the political aisle taking turns sharing the frustrations and disbelief over the lack of functionality of the state's $9 million Michigan Transparency Network project, which launched late last year and replaced the aging Michigan Electronic Reporting and Tracking System. Much of the ire was aimed at Secretary of State Jocelyn Benson, who is seeking the Democratic nomination for governor in the 2026 race. Christina Anderson, Benson's chief of staff, appeared before the joint committee Tuesday to apologize for the shape of the system and vowed that the department would work nights and weekends until the issues are resolved. 'The current performance and usability of all functions of the MiTN system is below [Benson's] standard of excellence and we will be working nights and weekends until it is fixed,' Anderson said. 'The problems with the MiTN launch are deeply serious to us. We have a dedicated, talented team along with our top executives engaged in resolving this. … We will not pay another dime on this project until the system meets our standards, and I know that my team and the team at Tyler are committed to making this work, quickly.' SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX Halting payment to Tyler Technologies, the vendor chosen for the project, was included in the department's next steps to fix issues and bring the site up to full functionality, Anderson added. Republican members of the House Oversight Committee and the House Appropriations General Government Subcommittee, which met jointly on Tuesday to discuss the website's woes, raised concerns about the cost of the project, its vendor and the bid process used to select them, as well as privacy and data concerns with the new website. Several Democratic members of the committee had different concerns, like being able to submit accurate information on time according to Michigan campaign finance law, and worries about future ballot access if that information isn't transmitted to the state properly. Anderson testified before the committee with representatives from Tyler Technologies. In an overview of the decision to move to the MiTN system over the old MERTS program, Anderson said the previous system was antiquated, inefficient and had consistent problems that required significant updates. Anderson said a request for proposal was issued on the project in July 2022. The state had two bids – one from Tyler Technologies and another from TenX Software. New finance disclosure laws were passed a year later, necessitating an overhaul to the system to include that data along with the normal course of campaign finance reporting. MiTN was slated to launch in July 2024, but that date was pushed back until the end of the year, when it launched its system for lobbyist and agent disclosures. MiTN's campaign finance module was launched in March of this year. Issues arose with the new system upon launch, with many frequent users complaining about the lack of search functionality, a new login page that was not part of the old system and incomplete data. A summary page for candidate filings that outlined the total expenditures, contributions or campaign committee debts on one easy to read page was also absent. Overall, Anderson said Benson and the MDOS team in charge of the project were pushing to complete the overhaul in an off-election year, but also by the end of the secretary's term. In their zeal to meet that deadline, however, mistakes and data issues arose that led to the release of a faulty product. 'These launches, while able to capture the required filings, did not meet our standard of excellence,' Anderson said. 'We struggled through a complicated data migration and had problems with our test environment reflecting the production environment. Essentially, things we thought were fixed were not.' Of the total five-year, $9 million contract term with Tyler, the state has spent just more than $3 million, including $2.3 million on implementation and the rest on maintenance and hosting. Further payments were suspended to Tyler until each of the current list of 40 separate website issues were resolved. Anderson said substantial work was being done to get the system up and running properly by the next candidate filing deadline, July 25. Search and bulk data upload functionality are a priority, Anderson added, and the website will again feature a summary page for easier access. House Oversight Committee Chair Rep. Jay DeBoyer (R-Clay) asked who made the decision to switch the systems. Anderson said it was a joint decision from several individuals in the Bureau of Elections, but she said she also supported the decision to launch the module when the department did because she believed the issues were fixed. Anderson said she would have not made that same decision, in retrospect. DeBoyer also questioned the bidding process that selected Tyler Technologies, which has been the subject of bad press over its technology products and was named in several lawsuits across the nation. Although the Department of State had two initial bidders, TenX was disqualified, leaving only Tyler to bid on the project. DeBoyer equated that to a single-source bidding process because the department didn't seek an alternate after punting the TenX bid. It was also revealed in DeBoyer's questioning that Tyler had purchased the subsidiary company that owned the state's former MERTS system, raising conflict of interest concerns. Abby Diaz, chief administrative officer with Tyler, told DeBoyer and other legislators who raised reputational concerns that the reporting on their company was largely inaccurate and that several of the lawsuits were without merit. Rep. Tim Kelly (R-Saginaw) asked if Anderson believed the vendor had lied to her about the progress and functionality of the system. Anderson said she did not, noting that the data was displaying differently – and efficiently – in the test environment while the production environment displayed poorly. Kelly continued to question why department staff signed-off on the project each step of the way when issues persisted up until launch. Anderson said that, with any software launch, issues will arise after launch that weren't anticipated, which she said was regrettable. Some Democrats, like Rep. Will Snyder of Muskegon and Rep. Dylan Wegela of Garden City, also said the issues with the website were alarming. Wegela called for a refund of the state's money. Rep. Reggie Miller (D-Van Buren Township) questioned the need for a refund or halting payment if no mistakes were made. She also wondered if Benson had been properly briefed on the issues as they occurred. It was Snyder who raised concerns about barriers to getting on the ballot for sitting legislators and prospective candidates if they can't accurately or timely file their campaign finance and financial disclosures. He asked if the department would be willing to attest, in writing, that no legislators or candidates would be disqualified by the Bureau of Elections due to ongoing issues with the website. Anderson said she needed to be careful in her response because election law was tricky, but said she would submit a response in writing to the committees. In a regularly scheduled news briefing with House Speaker Matt Hall (R-Richland Township), the speaker blamed the mess on Benson being distracted with her political ambitions for governor. He also agreed with Snyder's ballot access concerns, noting then-presidential candidate Robert F. Kennedy Jr.'s ballot access issues in Michigan and Benson's refusal to remove him from the ballot when he turned to support now-President Donald Trump. 'If I were someone like [Detroit Mayor and independent gubernatorial candidate] Mike Duggan, I'd be pretty worried,' Hall said. 'Cornell West, she found some way to disqualify him. With all this chaos, with a website that doesn't work, and a very political Secretary of State running for governor, I'd be worried.'
