JMP Securities resumed coverage of Tyler Technologies with an Outperform rating and $490 price target. The analyst says Tyler dominates the public sector marketplace with software and service offerings focused on local, state, and federal government clients servicing a wide range of key use cases. Tyler offers one of the broadest, most highly integrated software platforms focusing specifically on state, local, and federal government and is well positioned to be the strategic consolidator of a fragmented industry, the analyst tells investors in a research note.
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