Benchmark Starts Tyler Tech (TYL) at Buy
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Price: $301.29 -4.11%
Rating Summary:
25 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 22 | New: 15
Rating Summary:
25 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 22 | New: 15
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Benchmark initiates coverage on Tyler Tech (NYSE: TYL) with a Buy. PT $45.00.
TYL is a leading provider of ERP applications and services to the public sector, with a focus on local governments.
On the opportunity, the analyst notes, "We believe the market for local government software applications is in the midst of a modest replacement cycle driven by 1) the need to replace aging "green screen" systems that have reached their end-of-life, 2) constituent demands for better services and improved access to information, and 3) the move to hosted (i.e., SaaS) delivery models to take advantage of the software paradigm’s inherent cost advantages that include low entry costs, quicker deployments and no IT staffs to hire and train."
For an analyst ratings summary and ratings history on Tyler Tech click here. For more ratings news on Tyler Tech click here.
Shares of Tyler Tech closed at $36.97 yesterday.
TYL is a leading provider of ERP applications and services to the public sector, with a focus on local governments.
On the opportunity, the analyst notes, "We believe the market for local government software applications is in the midst of a modest replacement cycle driven by 1) the need to replace aging "green screen" systems that have reached their end-of-life, 2) constituent demands for better services and improved access to information, and 3) the move to hosted (i.e., SaaS) delivery models to take advantage of the software paradigm’s inherent cost advantages that include low entry costs, quicker deployments and no IT staffs to hire and train."
For an analyst ratings summary and ratings history on Tyler Tech click here. For more ratings news on Tyler Tech click here.
Shares of Tyler Tech closed at $36.97 yesterday.
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