From NASDAQ:

Tyler Technologies, Inc. signed an agreement with the Rhode Island Department of Business Regulation for its State Regulatory Platform suite. The agency aims to leverage additional integrated capabilities, along with heightened security and stability. This suite encompasses licensing, inspections, and enforcement applications, managing more than 100 license types.

The State Regulatory Platform solution by Tyler Technologies, Inc. is expected to enhance efficiency for Rhode Island DBR regulators, ensuring swift and secure operations. This move reinforces Tyler’s commitment to providing solutions that empower regulatory agencies. Tyler has been benefiting from the public sector’s ongoing transition to cloud-based systems, catering to the changing needs of customers.

Tyler operates in one of the largest public sector markets in the US, spanning counties, public departments, and schools. Tyler’s growth prospects are likely to be negatively impacted by delays in procurement processes and lengthening sales cycles amid ongoing macroeconomic uncertainties. Tyler Technologies, Inc. currently carries a Zacks Rank #3 (Hold).

The Zacks Consensus Estimate for Zoom’s fiscal 2024 earnings has been revised upward by 28 cents to $4.94 per share in the past 60 days. The consensus mark for Amazon’s 2023 earnings has been revised upward by 2 cents to $2.69 per share in the past 30 days. The consensus mark for NVIDIA’s fiscal 2024 earnings has been revised upward by 2 cents to $12.31 per share over the past 30 days.

Tyler carries a Zacks Rank #3 (Hold), while Zoom and Amazon each sport a Zacks Rank #1 (Strong Buy) and NVIDIA carries a Zacks Rank #2 (Buy). The long-term estimated earnings growth rate for Tyler Technologies, Inc. stock stands at 13.5%. In the trailing 12 months, NVDA stock has surged 223.7%.



Read more: Tyler’s (TYL) Solution to Streamline Rhode Island DBR Operations