I think we all agree the economy though week is in recovery. Emerging companies will need help implementing their new computer systems and Financial Tides thinks Tyler Technologies - TYL - might be the on to help companies and governmental agencies with their IT implementations.
Per Yahoo Financial TLY provides integrated information management solutions and services for local governments in the United States, Canada, Puerto Rico, and the United Kingdom. The company's financial management systems include modules for general ledger, budget preparation, fixed assets, requisitions, purchase orders, bid management, accounts payable, contract management, accounts receivable, investment management, inventory control, project and grant accounting, work orders, job costing, GASB 34 reporting, payroll, and human resources. It also offers specialized products that automate various city functions, including municipal courts, parking tickets, equipment and project costing, animal licenses, business licenses, permits and inspections, code enforcement, citizen complaint tracking, ambulance billing, fleet maintenance, and cemetery records management, as well as provides utility billing solutions, student information systems, and applications to manage pension funds.
Tyler Technologies' courts and justice solutions comprise a suite of solutions to automate, track, and manage the law enforcement and judicial process, including court case management system, law enforcement system, prosecutor system, and supervision system. The company's property appraisal and tax solutions automate the appraisal and assessment of real and personal property, including record keeping, mass appraisal, inquiry and protest tracking, appraisal and tax roll generation, tax statement processing, and electronic state-level reporting.
Its public records and content management systems record, scan, and index information documents maintained at the courthouse, such as deeds; mortgages; liens; UCC financing statements; and vital records, including birth, death, and marriage certificates. The company also offers professional information technology and property appraisal outsourcing services. Tyler Technologies was founded in 1966 and is based in Dallas, Texas.
There are 5 analysts watching TYL including Banc of America and BB&T so the stock does have a major following. There are 4 STRONG BUY ratings and just 1 HOLD. Sales are expected to grow by 10.7% year over year and earnings estimates for next year are expected to grow by 18.1%. Nice numbers and they exceed expected growth in GDP.
On a technical analysis view BarChart rates this stock a 96% BUY with 12 of 13 TA indicators a BUY and only 1 HOLD. The stock has hit 16 new highs in the last 20 trading sessions and has had a 65 day price appreciation of 23.6%.
Summary: 4 out of 5 analysts rate TYL a STRONG BUY based on fundamental analysis and BarChart rates it a 96% BUY based on technical analysis.
Recommendation: BUY Tyler Technologies TLY around 19 with a protective stop loss of not less than 17.
Jim Van Meerten is an investor and writes on financial matters here and on Financial Tides. Please leave a comment below or email Financialtides@gmail.com
Disclosure: I do not hold any positions in TYL - Tyler Technologies at the time of this publication.
The ticker is sometimes listed as TLY and sometimes as TYL in the article above, so I wanted to clarify that the NYSE symbol is in fact TYL.
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