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Plano, Texas-based Tyler Technologies, Inc. (TYL) provides integrated software and technology management solutions. Valued at a market cap of $13.6 billion, the company designs, develops, markets, and supports a range of software solutions to serve mission-critical back-office functions.
This tech company has significantly underperformed the broader market over the past 52 weeks. Shares of TYL have declined 49% over this time frame, while the broader S&P 500 Index ($SPX) has soared 13%. Moreover, on a YTD basis, the stock is down 30.8%, while SPX has risen marginally.
