Tyler Technologies Inc
TYL: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|s# | LOCK|S^ | LOCK|T&QC&C |
Tyler’s Wide Moat Is Strengthening in Move to the Cloud
Business Strategy and Outlook
We view Tyler Technologies as the clear leader in a sleepy and underserved public service software niche market. 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.
