Tyler Technologies
TYL
recently announced that it has successfully implemented its public safety solution suite for the Jersey Village Police Department in Texas. The solutions include Tyler’s Enterprise Public Safety, Enterprise Computer Aided Dispatch (“CAD”), Enterprise Records, Enterprise Law Enforcement Field Mobile, and Enterprise Fire Field Mobile.
The entire solution suite will be running on
Amazon
AMZN
subsidiary, Amazon Web Services (AWS) platform. This move will enable the police agency to transform its backdated traditional infrastructure into a cloud-based environment. This, in turn, will reduce their hardware replacement and server maintenance costs while ensuring enhanced data security & compliance.
Utilizing Amazon’s AWS Services, Jersey Village’s police department will be able to forego the tasks of purchasing on-premises hardware and infrastructure. Tyler’s Enterprise Public Safety, Enterprise CAD solution will help them manage jurisdictional dispatching activities for law enforcement.
Tyler’s Enterprise Records solution will offer better search functionality, role-based information access, and the ability to capture and report on state-mandated information effortlessly. The Mobile & Field Reporting solution will give instant access to real-time and mission-critical data in the field, providing first responders accurate, reliable information while in transit or on the scene.
It is worth mentioning that Tyler has been benefiting from the public sector’s ongoing transition from on-premise and outdated systems to scalable cloud-based systems. It has been consistently enhancing its core software applications and expanding complementary product and service portfolios to cater to the changing needs of customers while keeping pace with technological advancements.
Tyler Technologies, Inc. Price and Consensus
Tyler Technologies, Inc. price-consensus-chart
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Tyler Technologies, Inc. Quote
The company has been pursuing strategic takeovers to broaden its product and service offerings, enter new markets related to local governments, attract clients, and expand geographically. Recently, in May, Tyler acquired Quatred, a systems integrator and solution provider that assists clients by implementing advanced touchless technologies, including barcoding. However, Tyler faces significant integration risks due to frequent acquisitions.
Zacks Rank & Stocks to Consider
Tyler currently has a Zacks Rank of 5 (Strong Sell), while Amazon carries a Zacks Rank #3 (Hold). Shares of TYL and AMZN have plunged 39.7% and 34.5%, respectively, in YTD.
Some better-ranked stocks from the broader
Computer and Technology
sector are
Baidu
BIDU
and
Synopsys
SNPS
, each sporting a Zacks Rank #1 (Strong Buy). You can see
the complete list of today’s Zacks #1 Rank stocks here
.
The Zacks Consensus Estimate for Baidu’s second-quarter 2022 earnings has been revised 31 cents southward to $1.38 per share over the past 60 days. For 2022, earnings estimates have moved 3 cents north to $8.27 per share in the past 60 days.
Baidu’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 52.9%. Shares of BIDU have dropped 3.6% in YTD.
The Zacks Consensus Estimate for Synopsys’ third-quarter fiscal 2022 earnings has been revised 39 cents northward to $1.93 per share over the past 60 days. For 2023, earnings estimates have moved 62 cents up to $9.79 per share in the past 60 days.
Synopsys’ earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 2.7%. Shares of SNPS have declined 16.9% in YTD.
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