Tyler Technologies initiated with an Overweight at JPMorgan

JPMorgan analyst Alexei Gogolev initiated coverage of Tyler Technologies with an Overweight rating and $472 price target. With many governments running outdated systems that are overdue to modernize, the firm likes Tyler’s investment case, as the company is “a clear market leader” solely focused on the public sector, has a large install base and should see a “strong secular tailwind.”