Tyler Technologies Stock: Is TYL Underperforming the Technology Sector?

With a market cap of $23.2 billion, Tyler Technologies, Inc. (TYL) is a leading provider of integrated software and technology management solutions for the public sector. The company serves federal, state, and local government agencies, as well as schools and other public institutions, through a broad portfolio spanning financial management, courts and justice, public safety, property tax, land records, education, and health and human services. 

Companies valued at more than $10 billion are generally considered “large-cap” stocks, and Tyler Technologies fits this criterion perfectly. Operating through its Enterprise Software and Platform Technologies segments, Tyler delivers both on-premise and cloud-based solutions, supported by a strategic collaboration with Amazon Web Services.