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PLANO, Texas - The Oklahoma Department of Labor has chosen Tyler Technologies, Inc. (NYSE:TYL), a $24.6 billion market cap technology firm with strong financial health according to InvestingPro, to modernize its regulatory system with a cloud-based solution, according to a press release statement issued by the company. The company has demonstrated solid performance with 10.7% revenue growth in the last twelve months.
The department will implement Tyler’s State Regulatory Platform Suite, a cloud solution powered by Amazon Web Services, to replace its legacy systems with a digital platform that handles licensing, enforcement, inspections, and online payments.
The new system aims to streamline the department’s regulatory processes and improve service delivery to Oklahoma residents. A key component of the implementation includes Tyler’s field inspections solution, which offers mobile support and customizable workflows for the department’s field operations.
"Digital licensing will create faster and more transparent pathways to employment, transforming how residents access work opportunities," said Labor Commissioner Leslie Osborn in the statement.
The platform includes artificial intelligence capabilities designed to enhance monitoring, compliance, and enforcement functions when enabled.
Tyler Technologies has maintained a business relationship with the state of Oklahoma since 2001 and with the Department of Labor specifically since 2007. The company currently provides more than 400 services to the state and serves as its preferred payment provider.
The implementation is expected to automate end-to-end processes for regulatory enforcement and professional licensing overseen by the Department of Labor, though specific timelines for the rollout were not disclosed in the announcement. With 14 analysts recently revising their earnings estimates upward and maintaining a bullish outlook, Tyler Technologies continues to demonstrate strong market positioning. Discover more insights about Tyler Technologies and access detailed analysis through the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Tyler Technologies reported strong second-quarter earnings for 2025, with non-GAAP earnings per share reaching $2.91, surpassing analyst expectations of $2.77. The company’s revenue also exceeded projections, reaching $596.1 million, a 10% increase from the previous year, and above the consensus estimate of $589.4 million. DA Davidson responded to these results by raising its price target for Tyler Technologies to $585, maintaining a Neutral rating. JMP Securities reiterated its Market Outperform rating with a price target of $700, reflecting confidence in the company’s financial performance. Barclays also increased its price target to $715, citing growth in Software as a Service (SaaS) bookings as a positive factor. These developments indicate a favorable outlook from analysts regarding Tyler Technologies’ recent performance.
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