We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Tyler (TYL) & NY Police Team Up for Firearm Background Check
Read MoreHide Full Article
Tyler (TYL - Free Report) recently deployed the State Firearm POC Background Check solution to the New York State Police, which functions in compliance with the 2022 legislation on gun safety laws in New York.
The recent collaboration with the New York State Police followed governor Kathy Hochul’s enforcement of legislation that mandated strict background checks for ammunition and antique firearm purchases in the city.
The entire background verification system functions on the charged fee for the background verification. The collaboration also includes two other departments – the New York Office of Information Technology Services and the FBI.
With this deployment, New York has become the second state that has selected Tyler’s State Firearm POC Background Check solution after New Jersey. As one of the major players in the information management solution sphere for the public sector, the company has experience in working with multiple police departments. It is rapidly increasing its footprint in the public safety market.
This year, it struck multiple deals, including the deployment of an integrated public safety suite like CAD, records management and e-citations for the Naperville Illinois Police Department, on-prem deployment for the State Highway Patrol Department of Missouri, cloud deployment for the State Police of Oregon and Mobile Solution for Harris County. The company leverages its expertise in IT solutions and cloud adaptation, migration and optimization to serve these clients.
Strong Prospects in the Public Sector for Tyler
The public sector market in which Tyler operates is one of the largest in the United States, spanning approximately 3,000 counties, various public departments across 36,000 towns and cities, and more than a thousand dozen schools across the country.
Within these diverse prospects lie numerous opportunities, including the deployment of IT services and solutions for property assessment, judicial functions, record-keeping, finance, road maintenance, law enforcement, public safety, healthcare, election administration and more. Government departments grapple with the challenge of retaining IT professionals who often seek more lucrative prospects elsewhere.
Tyler is benefiting from the ongoing transition within the public sector ranging from on-premise and outdated systems to scalable cloud-based systems. This multi-year transition is anticipated to significantly enhance TYL’s recurring revenues, which currently constitute a major portion of its top line. The firm benefits from having clients in both the public and federal sectors, providing a stable and consistent revenue stream.
Zacks Rank and Stocks to Consider
Tyler currently carries a Zacks Rank #3 (Hold). Shares of the company have climbed 26.9% year to date.
The Zacks Consensus Estimate for AvidXchange’s fourth-quarter 2023 earnings has moved north 3 cents to 0 cents per share in the past 30 days. For fiscal 2023, earnings estimates have been revised by 4 cents northward to 2 cents per share in the past 30 days.
AVDX’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 277.91%. Shares of AVDX have climbed 20.6% year to date.
The Zacks Consensus Estimate for Bel Fuse’s fourth-quarter fiscal 2023 earnings has moved north 38 cents to $1.44 per share in the past 60 days. For fiscal 2023, the bottom-line estimate has moved north 72 cents to $6.28 in the past 60 days.
Bel Fuse’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 56.92%. Shares of Bel Fuse have surged 89% year to date.
The Zacks Consensus Estimate for Pegasystems’ fourth-quarter 2023 earnings has moved south 13 cents to $1.07 in the past 60 days. For fiscal 2023, the bottom-line estimate has moved north 31 cents to $1.77 in the past 60 days.
PEGA’s earnings beat the Zacks Consensus Estimate in two of the trailing four quarters and missed the same in the other two, delivering an average surprise of 1250.20%. Shares of PEGA have climbed 43.5% year to date.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Tyler (TYL) & NY Police Team Up for Firearm Background Check
Tyler (TYL - Free Report) recently deployed the State Firearm POC Background Check solution to the New York State Police, which functions in compliance with the 2022 legislation on gun safety laws in New York.
The recent collaboration with the New York State Police followed governor Kathy Hochul’s enforcement of legislation that mandated strict background checks for ammunition and antique firearm purchases in the city.
The entire background verification system functions on the charged fee for the background verification. The collaboration also includes two other departments – the New York Office of Information Technology Services and the FBI.
Tyler Technologies, Inc. Price and Consensus
Tyler Technologies, Inc. price-consensus-chart | Tyler Technologies, Inc. Quote
With this deployment, New York has become the second state that has selected Tyler’s State Firearm POC Background Check solution after New Jersey. As one of the major players in the information management solution sphere for the public sector, the company has experience in working with multiple police departments. It is rapidly increasing its footprint in the public safety market.
This year, it struck multiple deals, including the deployment of an integrated public safety suite like CAD, records management and e-citations for the Naperville Illinois Police Department, on-prem deployment for the State Highway Patrol Department of Missouri, cloud deployment for the State Police of Oregon and Mobile Solution for Harris County. The company leverages its expertise in IT solutions and cloud adaptation, migration and optimization to serve these clients.
Strong Prospects in the Public Sector for Tyler
The public sector market in which Tyler operates is one of the largest in the United States, spanning approximately 3,000 counties, various public departments across 36,000 towns and cities, and more than a thousand dozen schools across the country.
Within these diverse prospects lie numerous opportunities, including the deployment of IT services and solutions for property assessment, judicial functions, record-keeping, finance, road maintenance, law enforcement, public safety, healthcare, election administration and more. Government departments grapple with the challenge of retaining IT professionals who often seek more lucrative prospects elsewhere.
Tyler is benefiting from the ongoing transition within the public sector ranging from on-premise and outdated systems to scalable cloud-based systems. This multi-year transition is anticipated to significantly enhance TYL’s recurring revenues, which currently constitute a major portion of its top line. The firm benefits from having clients in both the public and federal sectors, providing a stable and consistent revenue stream.
Zacks Rank and Stocks to Consider
Tyler currently carries a Zacks Rank #3 (Hold). Shares of the company have climbed 26.9% year to date.
Some better-ranked stocks from the broader technology sector are AvidXchange (AVDX - Free Report) , Belfuse (BELFB - Free Report) and Pegasystems (PEGA - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for AvidXchange’s fourth-quarter 2023 earnings has moved north 3 cents to 0 cents per share in the past 30 days. For fiscal 2023, earnings estimates have been revised by 4 cents northward to 2 cents per share in the past 30 days.
AVDX’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 277.91%. Shares of AVDX have climbed 20.6% year to date.
The Zacks Consensus Estimate for Bel Fuse’s fourth-quarter fiscal 2023 earnings has moved north 38 cents to $1.44 per share in the past 60 days. For fiscal 2023, the bottom-line estimate has moved north 72 cents to $6.28 in the past 60 days.
Bel Fuse’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 56.92%. Shares of Bel Fuse have surged 89% year to date.
The Zacks Consensus Estimate for Pegasystems’ fourth-quarter 2023 earnings has moved south 13 cents to $1.07 in the past 60 days. For fiscal 2023, the bottom-line estimate has moved north 31 cents to $1.77 in the past 60 days.
PEGA’s earnings beat the Zacks Consensus Estimate in two of the trailing four quarters and missed the same in the other two, delivering an average surprise of 1250.20%. Shares of PEGA have climbed 43.5% year to date.