Tyler Technologies Named to Barron’s 400 Index
14 Ottobre 2013 - 3:17PM
Business Wire
Tyler among 6 percent of publicly traded North
American companies selected to the Barron’s 400
Tyler Technologies, Inc. (NYSE:TYL) has again been included in
the Barron’s 400 Index, which uses proprietary methodologies to
select 400 publicly traded companies based on “financial
soundness.” The Barron’s 400 Index was jointly developed by
Barron’s and MarketGrader.com, a stock research company, and
introduced on the cover of the Sept. 3, 2007, edition of Barron’s
magazine.
According to Barron’s, the index “collects the most
fundamentally sound and attractively priced stocks from all corners
of the market, using a proven and disciplined stock-selection
process. It does not strive to be a benchmark representing the
overall market, but rather to give investors access to America’s
most promising stocks . . . the Barron’s index has outperformed the
broader U.S. equity market by more than 5 percentage points per
year in the last decade.”
In a letter to Tyler Technologies, MarketGrader President Carlos
Diez wrote: “Given that only about 6 percent of all North American
publicly listed companies are selected to the Barron’s 400 on the
basis of their fundamental soundness underscores the overall
strength of your company’s financial results and its bright
prospects as an investment for public shareholders.”
“As the leader in software solutions for the local government,
Tyler has a very strong market position with consistent long-term
growth, 49 consecutive profitable quarters, 60 percent recurring
revenues and an exceptional client retention rate of 98 percent,”
said John S. Marr Jr., president and chief executive officer of
Tyler Technologies. “Momentum in our software as a service
offerings has made SaaS our fastest growing revenue stream, coupled
with new transaction-based revenues from e-filing in courts, and we
look forward to expanding upon our hosted and subscription-based
solutions. We are pleased to be named a fourth time to the Barron’s
400 Index, an honor that we believe reflects the value that Tyler
creates for investors and for the local government and school
clients whom our employees support every day.”
About Tyler Technologies,
Inc.
Tyler Technologies (NYSE: TYL) is a leading provider of
end-to-end information management solutions and services for local
governments. Tyler partners with clients to empower the public
sector — cities, counties, schools and other government entities —
to become more efficient, more accessible and more responsive to
the needs of citizens. Tyler’s client base includes more than
11,000 local government offices in all 50 states, Canada, the
Caribbean, the United Kingdom and other international locations.
Forbes has named Tyler one of “America’s Best Small Companies” five
times in the last six years. More information about Plano-based
Tyler Technologies can be found at www.tylertech.com.
Jetstream PR for Tyler TechnologiesTony Katsulos, 972-788-9456,
ext. 301katsulos@jetstreampr.com
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