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.”