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Tyler (TYL) Offers Student Transportation Solution to Frisco ISD
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Tyler Technologies (TYL - Free Report) recently entered into an agreement with Texas-based Frisco Independent School District (“ISD”) to provide the company’s Student Transportation solution suite. This will help districts achieve higher levels of routing efficiency and planning.
Tyler Student Transportation solution is likely to offer comprehensive routing, global positioning system (GPS) tracking and enhanced parent communication to Frisco ISD. The solution set comprises Tyler Drive on-board tablet, My Ride K-12 parent communications app and Telematic GPS hardware.
Tyler Drive tablet enables bus drivers with turn-by-turn directions to each stop on their route. It also allows drivers and routers to manage student ridership, employee timekeeping and pre- and post-trip vehicle inspections. The company’s My Ride K-12 product will enable parents and students to access their bus stop location, route and pick-up time. This will reduce support calls into the district and offer parents peace of mind that their children are transported safely.
Further, Telematic GPS will enable a complete view of the vehicle, driver and engine to the district by providing data for real-time vehicle location, engine and driver performance, accident reenactment, driver training and planned versus actual route analysis. All the solutions will be powered by Amazon Web Services.
It is worth mentioning that Tyler has been benefiting from the public sector’s ongoing transition from on-premise and outdated systems to scalable cloud-based systems. TYL 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.
TYL has been pursuing strategic takeovers to broaden its product and service offerings, enter new markets related to local governments, attract clients and expand geographically. In June, the company grabbed a 10-year contract from Oregon State Police for its Enterprise Public Safety suite, which will help Oregon State Police increase efficiency and streamline communication. In the same month, the company won a contract from the City of Branson, MO, for the integration of its multiple applications from the public administration solution suite.
In March 2023, Tyler revealed that it acquired a Massachusetts-based analytics company offering exemplary real estate appraisals and assessments for states, counties and municipalities — Safeground Analytics. With this buyout, the company intends to accelerate its appraisal services businesses by bringing a team of experienced appraisers, analysts, statisticians, economists, computer scientists and assessors from Safeground Analytics. The analytics company will offer TYL residential and commercial reassessments and deliver litigation support, expert witness testimony solutions for property appraisal matters and auditing and monitoring services.
In October 2022, the company bought Rapid Financial Solutions for $68 million in cash to bolster its payment offering for all clients. In May 2022, Tyler acquired Quatred, a systems integrator and solution provider that assists clients by implementing advanced touchless technologies, including barcoding.
Nonetheless, TYL’s near-term growth prospects are likely to be affected by delays in procurement processes and lengthening sales cycles amid ongoing macroeconomic uncertainties. Also, many customers are expected to face budget pressures in the near term.
Additionally, high investments in R&D initiatives are likely to hurt margins. Intensifying competition from the likes of Oracle, SAP and Workday might keep Tyler’s pricing under pressure and negatively impact the gross margin.
Zacks Rank & Stocks to Consider
Currently, Tyler carries a Zacks Rank #3 (Hold). Shares of TYL have lost 0.7% over the past year.
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NVDA's earnings beat the Zacks Consensus Estimate in two of the trailing four quarters, missing twice, the average surprise being 0.26%. Shares of the company have soared 151% in the past year.
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Tyler (TYL) Offers Student Transportation Solution to Frisco ISD
Tyler Technologies (TYL - Free Report) recently entered into an agreement with Texas-based Frisco Independent School District (“ISD”) to provide the company’s Student Transportation solution suite. This will help districts achieve higher levels of routing efficiency and planning.
Tyler Student Transportation solution is likely to offer comprehensive routing, global positioning system (GPS) tracking and enhanced parent communication to Frisco ISD. The solution set comprises Tyler Drive on-board tablet, My Ride K-12 parent communications app and Telematic GPS hardware.
Tyler Drive tablet enables bus drivers with turn-by-turn directions to each stop on their route. It also allows drivers and routers to manage student ridership, employee timekeeping and pre- and post-trip vehicle inspections. The company’s My Ride K-12 product will enable parents and students to access their bus stop location, route and pick-up time. This will reduce support calls into the district and offer parents peace of mind that their children are transported safely.
Tyler Technologies, Inc. Price and Consensus
Tyler Technologies, Inc. price-consensus-chart | Tyler Technologies, Inc. Quote
Further, Telematic GPS will enable a complete view of the vehicle, driver and engine to the district by providing data for real-time vehicle location, engine and driver performance, accident reenactment, driver training and planned versus actual route analysis. All the solutions will be powered by Amazon Web Services.
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. TYL 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.
TYL has been pursuing strategic takeovers to broaden its product and service offerings, enter new markets related to local governments, attract clients and expand geographically. In June, the company grabbed a 10-year contract from Oregon State Police for its Enterprise Public Safety suite, which will help Oregon State Police increase efficiency and streamline communication. In the same month, the company won a contract from the City of Branson, MO, for the integration of its multiple applications from the public administration solution suite.
In March 2023, Tyler revealed that it acquired a Massachusetts-based analytics company offering exemplary real estate appraisals and assessments for states, counties and municipalities — Safeground Analytics. With this buyout, the company intends to accelerate its appraisal services businesses by bringing a team of experienced appraisers, analysts, statisticians, economists, computer scientists and assessors from Safeground Analytics. The analytics company will offer TYL residential and commercial reassessments and deliver litigation support, expert witness testimony solutions for property appraisal matters and auditing and monitoring services.
In October 2022, the company bought Rapid Financial Solutions for $68 million in cash to bolster its payment offering for all clients. In May 2022, Tyler acquired Quatred, a systems integrator and solution provider that assists clients by implementing advanced touchless technologies, including barcoding.
Nonetheless, TYL’s near-term growth prospects are likely to be affected by delays in procurement processes and lengthening sales cycles amid ongoing macroeconomic uncertainties. Also, many customers are expected to face budget pressures in the near term.
Additionally, high investments in R&D initiatives are likely to hurt margins. Intensifying competition from the likes of Oracle, SAP and Workday might keep Tyler’s pricing under pressure and negatively impact the gross margin.
Zacks Rank & Stocks to Consider
Currently, Tyler carries a Zacks Rank #3 (Hold). Shares of TYL have lost 0.7% over the past year.
Some top-ranked stocks from the broader Computer and Technology sector are Salesforce (CRM - Free Report) , NVIDIA Corporation (NVDA - Free Report) and Meta Platforms (META - Free Report) . While NVIDIA sports a Zacks Rank #1 (Strong Buy), Salesforce and Meta carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for NVIDIA’s second-quarter fiscal 2024 earnings has been steady at 92 cents per share over the past 90 days. For fiscal 2024, earnings estimates have moved up by 13 cents to $7.79 in the past 30 days.
NVDA's earnings beat the Zacks Consensus Estimate in two of the trailing four quarters, missing twice, the average surprise being 0.26%. Shares of the company have soared 151% in the past year.
The Zacks Consensus Estimate for Salesforce’s second-quarter fiscal 2024 earnings has been revised southward by a penny to $1.60 per share over the past 60 days. For fiscal 2024, earnings estimates have moved up by 4 cents to $7.44 in the past 60 days.
CRM's earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 15.5%. Shares of the company have gained 21.9% in the past year.
The Zacks Consensus Estimate for Meta Platforms' third-quarter 2023 earnings has been revised upward by 15.1% to $3.44 per share over the past seven days. For 2023, earnings estimates have moved north by 7.9% to $12.94 in the past seven days.
META’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, missing once, the average surprise being 19%. Shares of the company have surged 101.5% in the past year.