Market Summary
USD389.04+0.46
Market Closed0.12%
TYL Alerts
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TYL Price/Sales (Trailing)
TYL Profitability
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TYL Earnings
Price Action
52 Week Range
281.11426.83
(Low)(High)
Last 7 days
-0.3%
Last 30 days
2.7%
Last 90 days
-4.6%
Trailing 12 Months
14.1%
TYL Financial Health
TYL Investor Care
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Net sales
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Latest Insider Trading transactions for TYL
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-14 | Carter Glenn A | acquired | 38,595 | 77.19 | 500 | - |
2023-09-14 | Carter Glenn A | sold | -189,662 | 379 | -500 | - |
2023-09-01 | MOORE H LYNN JR | sold | -1,982,930 | 396 | -5,000 | president and ceo |
2023-08-30 | WOMBLE DUSTIN R | sold | -837,798 | 396 | -2,111 | - |
2023-06-30 | Puckett Jeffrey David | acquired | 3,749 | 354 | 10.593 | chief operating officer |
2023-06-30 | MILLER BRIAN K | acquired | 7,123 | 354 | 20.123 | executive vp and cfo |
2023-06-14 | Landrieu Mary L. | sold | -126,244 | 388 | -325 | - |
2023-06-06 | MARR JOHN S JR | sold | -2,749,450 | 392 | -7,000 | executive chairman |
2023-06-06 | MARR JOHN S JR | acquired | 1,272,530 | 181 | 7,000 | executive chairman |
2023-06-05 | MARR JOHN S JR | acquired | 1,272,530 | 181 | 7,000 | executive chairman |
Which funds bought or sold TYL recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-21 | Baystate Wealth Management LLC | unchanged | - | 247 | 1,666 | -% |
2023-09-20 | BARCLAYS PLC | added | 62.16 | 16,767,000 | 35,307,000 | 0.02% |
2023-09-12 | Farther Finance Advisors, LLC | added | 5.88 | 1,467 | 7,496 | -% |
2023-09-05 | Delos Wealth Advisors, LLC | unchanged | - | 1,113 | 7,497 | 0.01% |
2023-08-25 | Yarbrough Capital, LLC | unchanged | - | 37,407 | 251,964 | 0.01% |
2023-08-24 | ProVise Management Group, LLC | added | 9.55 | 170,262 | 764,639 | 0.07% |
2023-08-24 | Alberta Investment Management Corp | unchanged | - | 74,196 | 499,764 | -% |
2023-08-23 | Stonebridge Capital Advisors LLC | unchanged | - | 433 | 2,915 | -% |
2023-08-23 | Rehmann Capital Advisory Group | new | - | 202,820 | 202,820 | 0.02% |
2023-08-23 | WOLVERINE TRADING, LLC | new | - | 331,031 | 331,031 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
TYL Alerts
Schedule 13G FIlings of Tyler Tech
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 11.41% | 4,752,857 | SC 13G/A | |
| Jan 31, 2023 | blackrock inc. | 7.4% | 3,090,957 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 11.07% | 4,536,823 | SC 13G/A | |
| Jan 27, 2022 | blackrock inc. | 10.4% | 4,243,121 | SC 13G/A | |
| Jan 25, 2022 | blackrock inc. | 10.4% | 4,243,121 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 11.09% | 4,471,328 | SC 13G/A | |
| Jan 27, 2021 | blackrock inc. | 11.1% | 4,483,188 | SC 13G/A | |
| Jul 10, 2020 | vanguard group inc | 11.34% | 4,508,634 | SC 13G/A | |
| Feb 14, 2020 | brown capital management llc | 4.76% | 1,854,286 | SC 13G/A | |
| Feb 12, 2020 | vanguard group inc | 9.42% | 3,673,176 | SC 13G/A |
Recent SEC filings of Tyler Tech
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 18, 2023 | 4 | Insider Trading | |
| Sep 14, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 06, 2023 | 4 | Insider Trading | |
| Sep 01, 2023 | 4 | Insider Trading | |
| Sep 01, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 31, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 30, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 08, 2023 | 4/A | Insider Trading | |
| Aug 01, 2023 | 4/A | Insider Trading | |
| Jul 26, 2023 | 8-K | Current Report |
Peers (Alternatives to Tyler Tech)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
MSFT | 2.4T | 211.9B | -1.68% | 33.84% | 32.61 | 11.14 | 6.88% | -0.52% |
ADBE | 233.3B | 18.4B | -2.56% | 79.79% | 48.06 | 12.66 | 10.40% | -0.72% |
AZPN | - | - | 4.41% | -9.24% | - | - | - | - |
ORCL | 296.6B | 51.0B | -6.69% | 68.64% | 31.64 | 5.82 | 15.41% | 61.40% |
CRM | 201.2B | 33.1B | -1.49% | 40.36% | 127.49 | 6.08 | 14.81% | 194.40% |
ZM | 20.5B | 4.5B | 1.40% | -7.79% | 144.88 | 4.6 | 3.92% | -85.69% |
| MID-CAP | ||||||||
APPN | 3.2B | 506.6M | -7.67% | 4.10% | -20.02 | 6.23 | 20.13% | -27.36% |
MANH | 12.1B | 848.2M | 1.87% | 51.17% | 82.8 | 14.25 | 19.21% | 23.01% |
GWRE | 7.2B | 905.3M | 8.48% | 41.43% | -46.22 | 7.92 | 11.41% | -3.11% |
| SMALL-CAP | ||||||||
ZUO | 1.1B | 415.3M | -6.69% | 14.03% | -6.1 | 2.75 | 11.66% | -68.02% |
YEXT | 779.1M | 403.2M | -24.79% | 40.13% | -32.52 | 1.93 | 0.77% | 74.48% |
UPLD | 136.5M | 309.9M | 65.22% | -48.52% | -0.74 | 0.44 | -0.26% | -219.50% |
Tyler Tech News
Returns for TYL
Cumulative Returns on TYL
16.1%
10-Year Cumulative Returns
12.5%
7-Year Cumulative Returns
9.8%
5-Year Cumulative Returns
4.0%
3-Year Cumulative Returns
Risks for TYL
What is the probability of a big loss on TYL?
68.5%
Probability that Tyler Tech stock will be more than 20% underwater in next one year
25.8%
Probability that Tyler Tech stock will be more than 30% underwater in next one year.
11.5%
Probability that Tyler Tech stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does TYL drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Tyler Tech was unfortunately bought at previous high price.
Drawdowns
Financials for Tyler Tech
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 1.9% | 1,902 | 1,866 | 1,850 | 1,832 | 1,818 | 1,754 | 1,592 | 1,442 | 1,268 | 1,135 | 1,117 | 1,122 | 1,112 | 1,116 | 1,086 | 1,040 | 1,000 | 961 | 935 | 911 | 890 |
| Gross Profit | 3.8% | 821 | 791 | 784 | 778 | 769 | 758 | 710 | 661 | 608 | 558 | 543 | 546 | 533 | 530 | 517 | 490 | 471 | 453 | 440 | 429 | 421 |
| S&GA Expenses | 73.2% | 12.00 | 7.00 | 136 | -0.21 | -1.98 | 75.00 | 119 | 191 | 156 | 110 | 98.00 | 267 | 264 | 267 | 258 | 243 | 231 | 218 | 208 | 198 | 190 |
| EBITDA | -100.0% | - | 302 | 318 | 327 | 326 | 297 | 271 | 264 | 252 | 261 | 256 | 255 | 246 | 237 | 234 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.16* | 0.17* | 0.18* | 0.18* | 0.17* | 0.17* | 0.18* | 0.20* | 0.23* | 0.23* | 0.23* | 0.22* | 0.21* | 0.22* | - | - | - | - | - | - |
| Interest Expenses | -0.6% | -31.43 | -31.26 | -28.38 | -25.26 | -21.40 | -27.62 | -23.30 | -18.57 | -13.42 | -1.32 | -1.01 | -1.02 | - | - | -2.03 | - | - | - | - | - | - |
| Earnings Before Taxes | 3.1% | 180 | 175 | 188 | 197 | 197 | 172 | 159 | 164 | 163 | 178 | 175 | 174 | 165 | 160 | 160 | 152 | 150 | 152 | 156 | 161 | 167 |
| EBT Margin | -100.0% | - | 0.09* | 0.10* | 0.11* | 0.11* | 0.10* | 0.10* | 0.11* | 0.13* | 0.16* | 0.16* | 0.16* | 0.15* | 0.14* | 0.15* | - | - | - | - | - | - |
| Net Income | 5.9% | 164 | 155 | 164 | 188 | 179 | 164 | 161 | 161 | 156 | 184 | 195 | 188 | 189 | 167 | 147 | 131 | 130 | 137 | 147 | 182 | 182 |
| Net Income Margin | -100.0% | - | 0.08* | 0.09* | 0.10* | 0.10* | 0.09* | 0.10* | 0.11* | 0.12* | 0.16* | 0.17* | 0.17* | 0.17* | 0.15* | 0.13* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 383 | 359 | 344 | 418 | 322 | 338 | 321 | 289 | 350 | 332 | 315 | 273 | 253 | 217 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 1.8% | 4,636 | 4,556 | 4,687 | 4,675 | 4,787 | 4,724 | 4,732 | 4,683 | 4,641 | 3,232 | 2,607 | 2,492 | 2,383 | 2,219 | 2,192 | 2,055 | 1,949 | 1,909 | 1,791 | 1,865 | 1,760 |
| Current Assets | 14.9% | 857 | 746 | 847 | 860 | 957 | 860 | 964 | 878 | 929 | 1,700 | 1,113 | 991 | 874 | 712 | 680 | 570 | 454 | 402 | 519 | 602 | 502 |
| Cash Equivalents | -9.2% | 119 | 131 | 174 | 186 | 253 | 243 | 309 | 234 | 217 | 1,251 | 604 | 519 | 351 | 302 | 233 | 161 | 11.00 | 39.00 | 134 | 219 | 93.00 |
| Net PPE | -1.2% | 166 | 168 | 173 | 175 | 178 | 178 | 181 | 177 | 178 | 169 | 168 | 171 | 175 | 175 | 172 | 170 | 170 | 165 | 155 | 156 | 154 |
| Goodwill | 0% | 2,489 | 2,489 | 2,489 | 2,449 | 2,450 | 2,441 | 2,360 | 2,355 | 2,309 | 852 | 838 | 840 | 840 | 840 | 840 | 826 | 836 | 835 | 754 | - | - |
| Liabilities | -0.1% | 1,867 | 1,870 | 2,063 | 2,128 | 2,329 | 2,336 | 2,408 | 2,482 | - | - | 621 | - | - | - | - | - | - | - | - | - | - |
| Current Liabilities | 2.3% | 854 | 835 | 890 | 812 | 834 | 766 | 830 | 816 | 766 | 525 | 564 | 535 | 494 | 445 | 509 | 477 | 454 | 403 | 424 | 397 | 374 |
| Shareholder's Equity | 3.1% | 2,768 | 2,686 | 2,624 | 2,547 | 2,458 | 2,388 | 2,324 | 2,201 | 2,108 | 2,061 | 1,986 | 1,898 | 1,829 | 1,713 | 1,617 | 1,520 | 1,422 | 1,359 | 1,325 | 1,422 | 1,340 |
| Retained Earnings | 3.3% | 1,518 | 1,469 | 1,438 | 1,407 | 1,354 | 1,314 | 1,274 | 1,219 | 1,175 | 1,149 | 1,112 | 1,058 | 1,019 | 965 | 917 | 871 | 830 | 798 | 772 | 740 | 701 |
| Additional Paid-In Capital | 2.6% | 1,272 | 1,240 | 1,210 | 1,164 | 1,129 | 1,099 | 1,076 | 1,010 | 963 | 942 | 905 | 873 | 844 | 798 | 739 | 693 | 716 | 731 | 731 | 725 | 687 |
| Shares Outstanding | 0% | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -23.8% | 307 | 403 | 381 | 375 | 451 | 354 | 372 | 346 | 310 | 370 | 355 | 343 | 303 | 287 | 255 | 249 | 231 | 230 | 250 | 233 | 213 |
| Share Based Compensation | 0.2% | 106 | 106 | 103 | 102 | 105 | 104 | 105 | 94.00 | 83.00 | 76.00 | 67.00 | 70.00 | 66.00 | 63.00 | 60.00 | 59.00 | 59.00 | 57.00 | 53.00 | 48.00 | 43.00 |
| Cashflow From Investing | -1.1% | -62.64 | -61.96 | -172 | -131 | -202 | -2,162 | -2,090 | -2,114 | -2,042 | -123 | -98.32 | -109 | -103 | -65.13 | -245 | -219 | -225 | -392 | -238 | -231 | -252 |
| Cashflow From Financing | 16.5% | -378 | -453 | -344 | -290 | -211 | 801 | 1,425 | 1,485 | 1,598 | 702 | 114 | 125 | 141 | 40.00 | 89.00 | -88.27 | -87.72 | -8.60 | -63.59 | 94.00 | 78.00 |
| Buy Backs | - | - | - | - | 0.00 | 0.00 | - | 13.00 | 13.00 | 13.00 | 0.00 | 15.00 | 15.00 | 15.00 | 15.00 | 18.00 | 164 | 164 | 164 | 147 | 0.00 | 0.00 |
TYL Income Statement
2023-06-30CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Revenues: | ||||
| Total revenues | $ 504,279 | $ 468,685 | $ 976,133 | $ 924,792 |
| Cost of revenues: | ||||
| Total cost of revenues | 281,102 | 275,237 | 553,119 | 538,926 |
| Gross profit | 223,177 | 193,448 | 423,014 | 385,866 |
| Sales and marketing expense | 37,103 | 31,881 | 74,206 | 67,087 |
| General and administrative expense | 77,681 | 67,820 | 150,041 | 130,509 |
| Research and development expense | 28,153 | 23,386 | 55,139 | 47,327 |
| Amortization of other intangibles | 18,366 | 13,604 | 36,774 | 28,318 |
| Operating income | 61,874 | 56,757 | 106,854 | 112,625 |
| Interest expense | (6,387) | (6,214) | (14,071) | (11,018) |
| Other income, net | 643 | 216 | 1,889 | 581 |
| Income before income taxes | 56,130 | 50,759 | 94,672 | 102,188 |
| Income tax provision | 7,000 | 10,813 | 14,667 | 22,258 |
| Net income | $ 49,130 | $ 39,946 | $ 80,005 | $ 79,930 |
| Earnings per common share: | ||||
| Basic (in usd per share) | $ 1.17 | $ 0.96 | $ 1.91 | $ 1.93 |
| Diluted (in usd per share) | $ 1.15 | $ 0.94 | $ 1.87 | $ 1.88 |
| Subscriptions | ||||
| Revenues: | ||||
| Total revenues | $ 297,789 | $ 255,816 | $ 578,254 | $ 501,259 |
| Subscriptions, maintenance, and professional services | ||||
| Cost of revenues: | ||||
| Total cost of revenues | 255,789 | 250,168 | 508,204 | 493,000 |
| Maintenance | ||||
| Revenues: | ||||
| Total revenues | 116,539 | 116,815 | 231,670 | 233,844 |
| Professional services | ||||
| Revenues: | ||||
| Total revenues | 66,420 | 71,937 | 127,349 | 141,952 |
| Software licenses and royalties | ||||
| Revenues: | ||||
| Total revenues | 9,779 | 15,009 | 19,909 | 31,515 |
| Cost of revenues: | ||||
| Total cost of revenues | 2,432 | 1,547 | 4,745 | 2,992 |
| Hardware and other | ||||
| Revenues: | ||||
| Total revenues | 13,752 | 9,108 | 18,951 | 16,222 |
| Cost of revenues: | ||||
| Total cost of revenues | 11,061 | 8,161 | 16,841 | 13,188 |
| Amortization of software development | ||||
| Cost of revenues: | ||||
| Total cost of revenues | 2,896 | 1,322 | 5,485 | 2,486 |
| Amortization of acquired software | ||||
| Cost of revenues: | ||||
| Total cost of revenues | $ 8,924 | $ 14,039 | $ 17,844 | $ 27,260 |
TYL Balance Sheet
2023-06-30CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 118,764 | $ 173,857 |
| Accounts receivable (less allowance for losses and sales adjustments of $19,643 in 2023 and $14,761 in 2022) | 638,726 | 577,257 |
| Short-term investments | 19,100 | 37,030 |
| Prepaid expenses | 70,783 | 50,859 |
| Other current assets | 9,507 | 8,239 |
| Total current assets | 856,880 | 847,242 |
| Accounts receivable, long-term | 8,310 | 8,271 |
| Operating lease right-of-use assets | 46,824 | 50,989 |
| Property and equipment, net | 165,721 | 172,786 |
| Other assets: | ||
| Software development costs, net | 61,228 | 48,189 |
| Goodwill | 2,489,084 | 2,489,308 |
| Other intangibles, net | 948,990 | 1,002,164 |
| Non-current investments | 10,116 | 18,508 |
| Other non-current assets | 48,396 | 49,960 |
| Assets, Total | 4,635,549 | 4,687,417 |
| Current liabilities: | ||
| Accounts payable | 118,534 | 104,813 |
| Accrued liabilities | 126,557 | 131,941 |
| Operating lease liabilities | 11,381 | 10,736 |
| Current income tax payable | 1,905 | 43,667 |
| Deferred revenue | 565,840 | 568,538 |
| Current portion of term loans | 30,000 | 30,000 |
| Total current liabilities | 854,217 | 889,695 |
| Term loans, net | 243,729 | 362,905 |
| Convertible senior notes due 2026, net | 595,345 | 594,484 |
| Deferred revenue, long-term | 1,164 | 2,037 |
| Deferred income taxes | 109,247 | 148,891 |
| Operating lease liabilities, long-term | 44,483 | 48,049 |
| Other long-term liabilities | 19,113 | 16,967 |
| Total liabilities | 1,867,298 | 2,063,028 |
| Commitments and contingencies | 0 | 0 |
| Shareholders' equity: | ||
| Preferred stock, $10.00 par value; 1,000,000 shares authorized; none issued | 0 | 0 |
| Common stock, $0.01 par value; 100,000,000 shares authorized; 48,147,969 shares issued and outstanding as of June 30, 2023 and December 31, 2022 | 481 | 481 |
| Additional paid-in capital | 1,272,315 | 1,209,725 |
| Accumulated other comprehensive loss, net of tax | (785) | (844) |
| Retained earnings | 1,517,859 | 1,437,854 |
| Treasury stock, at cost; 6,081,263 and 6,364,991 shares in 2023 and 2022, respectively | (21,619) | (22,827) |
| Total shareholders' equity | 2,768,251 | 2,624,389 |
| Liabilities and Equity, Total | $ 4,635,549 | $ 4,687,417 |
Tyler Technologies, Inc. provides integrated information management solutions and services for the public sector. The company operates in three segments: Enterprise Software; Appraisal and Tax; and NIC. It offers financial management solutions, including modular fund accounting systems for government agencies or not-for-profit entities; utility billing systems for the billing and collection of metered and non-metered services; products to automate city and county functions, such as municipal courts, parking tickets, equipment and project costing, animal and business licenses, permits and inspections, code enforcement, citizen complaint tracking, ambulance billing, fleet maintenance, and cemetery records management; and student information and transportation solutions for K-12 schools. The company also provides a suite of judicial solutions comprising court case management, court and law enforcement, prosecutor, and supervision systems to handle multi-jurisdictional county or statewide implementations, and single county systems; public safety software solutions; systems and software to automate the appraisal and assessment of real and personal property, as well as tax applications for agencies that bill and collect taxes; planning, regulatory, and maintenance software solutions for public sector agencies; software applications to enhance and automate operations involving records and document management; and data and insights solutions. In addition, it offers software as a service arrangements and electronic document filing solutions for courts and law offices; software and hardware installation, data conversion, training, product modification, and maintenance and support services; and property appraisal outsourcing services for taxing jurisdictions. The company has a strategic collaboration agreement with Amazon Web Services for cloud hosting services. Tyler Technologies, Inc. was founded in 1966 and is headquartered in Plano, Texas.