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Tyler (TYL) to Transform California State Park's Booking System
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Tyler Technologies, Inc. (TYL - Free Report) has inked an eight-year deal with the California Department of Parks and Recreation (State Parks) to revamp the state park reservation system using Tyler’s Outdoor Recreation solution. This collaboration builds upon their existing partnership since 2016, leveraging Tyler’s Recreation Management solution.
The new Outdoor Recreation solution will streamline reservation booking and transactions, aiming to enhance visitor experience and operational efficiency. By fall 2024, park visitors can expect a seamless user interface, with further enhancements planned for 2025.
With California State Parks boasting 280 park units and attracting 68 million annual visitors, Tyler’s expansion into the state underscores its commitment to providing innovative solutions for government agencies. This agreement not only reinforces Tyler’s presence in California but also underscores its dedication to promoting equitable access to outdoor recreation experiences.
Tyler has been capitalizing on the public sector's shift toward cloud-based systems, abandoning outdated on-premise solutions. Continuously upgrading its core software applications and diversifying its product offerings, Tyler aligns with evolving customer demands and technological advancements.
Operating in a vast market comprising 3,000 counties, 36,000 municipalities and numerous schools nationwide, Tyler unlocks diverse opportunities. From property assessment to healthcare, government agencies seek IT solutions for various functions, facing challenges in retaining IT professionals amid competitive job markets.
However, Tyler faces hurdles like procurement delays and prolonged sales cycles amid economic uncertainties. Moreover, budget constraints may hinder short-term growth prospects for the company and its clientele.
Zacks Rank & Stocks to Consider
Currently, Tyler carries a Zacks Rank #3 (Hold). Shares of TYL have soared 29.8% over the past year.
The Zacks Consensus Estimate for CrowdStrike’s fiscal 2024 earnings has remained unchanged at $2.95 per share in the past 60 days, suggesting year-over-year growth of 91.6%. The long-term estimated earnings growth rate for the stock stands at 36.1%. Shares of CRWD have jumped 167.6% over the past year.
The Zacks Consensus Estimate for Amazon’s 2024 earnings has been revised upward by 39 cents to $4.03 per share in the past 30 days, which calls for an increase of 39% on a year-over-year basis. The long-term expected earnings growth rate for the stock is pegged at 28.1%. AMZN stock has returned 66.7% over the past year.
The consensus mark for NVIDIA’s fiscal 2024 earnings has been revised upward by a penny to $12.32 per share over the past seven days, indicating a whopping 268.9% increase from fiscal 2023. It has a long-term earnings growth expectation of 13.5%. In the trailing 12 months, NVDA stock has surged 216.9%.
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Tyler (TYL) to Transform California State Park's Booking System
Tyler Technologies, Inc. (TYL - Free Report) has inked an eight-year deal with the California Department of Parks and Recreation (State Parks) to revamp the state park reservation system using Tyler’s Outdoor Recreation solution. This collaboration builds upon their existing partnership since 2016, leveraging Tyler’s Recreation Management solution.
The new Outdoor Recreation solution will streamline reservation booking and transactions, aiming to enhance visitor experience and operational efficiency. By fall 2024, park visitors can expect a seamless user interface, with further enhancements planned for 2025.
With California State Parks boasting 280 park units and attracting 68 million annual visitors, Tyler’s expansion into the state underscores its commitment to providing innovative solutions for government agencies. This agreement not only reinforces Tyler’s presence in California but also underscores its dedication to promoting equitable access to outdoor recreation experiences.
Tyler Technologies, Inc. Price and Consensus
Tyler Technologies, Inc. price-consensus-chart | Tyler Technologies, Inc. Quote
Public Sector Cloud Migration
Tyler has been capitalizing on the public sector's shift toward cloud-based systems, abandoning outdated on-premise solutions. Continuously upgrading its core software applications and diversifying its product offerings, Tyler aligns with evolving customer demands and technological advancements.
Operating in a vast market comprising 3,000 counties, 36,000 municipalities and numerous schools nationwide, Tyler unlocks diverse opportunities. From property assessment to healthcare, government agencies seek IT solutions for various functions, facing challenges in retaining IT professionals amid competitive job markets.
However, Tyler faces hurdles like procurement delays and prolonged sales cycles amid economic uncertainties. Moreover, budget constraints may hinder short-term growth prospects for the company and its clientele.
Zacks Rank & Stocks to Consider
Currently, Tyler carries a Zacks Rank #3 (Hold). Shares of TYL have soared 29.8% over the past year.
Some better-ranked stocks from the broader technology sector are CrowdStrike Holdings (CRWD - Free Report) , Amazon.com (AMZN - Free Report) and NVIDIA Corporation (NVDA - Free Report) . CrowdStrike and Amazon each sport a Zacks Rank #1 (Strong Buy) at present, while NVIDIA carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for CrowdStrike’s fiscal 2024 earnings has remained unchanged at $2.95 per share in the past 60 days, suggesting year-over-year growth of 91.6%. The long-term estimated earnings growth rate for the stock stands at 36.1%. Shares of CRWD have jumped 167.6% over the past year.
The Zacks Consensus Estimate for Amazon’s 2024 earnings has been revised upward by 39 cents to $4.03 per share in the past 30 days, which calls for an increase of 39% on a year-over-year basis. The long-term expected earnings growth rate for the stock is pegged at 28.1%. AMZN stock has returned 66.7% over the past year.
The consensus mark for NVIDIA’s fiscal 2024 earnings has been revised upward by a penny to $12.32 per share over the past seven days, indicating a whopping 268.9% increase from fiscal 2023. It has a long-term earnings growth expectation of 13.5%. In the trailing 12 months, NVDA stock has surged 216.9%.