The upward trend could spur Tyler Technologies in coming sessions.
According to Surperformance ratings, the group has strong fundamentals, both in terms of business predictability and valuation. In addition, analysts have been revising upward their earnings estimates and nowadays expect a profit of 2.05 USD per share for the current year.
Tyler Technologies is in an uptrend in the medium and long term, although, the last bearish movement has throw it back near a major support level and a trendline. This threshold, if preserved, will enable the equity to take advantage of the bullish movement.
Consequently, we expect a technical rebound on the current level. Most active investors could buy the equity targeting a return to USD 132.1. A stop-loss order will be placed above the USD 116.8 support.
Tyler Technologies, Inc. is specialized in the development of information management software for the public sector. The group provides software solutions in the areas of financial management, education, jurisdiction, government, planning, regulation, land management, document, data and information management, assessment and taxation, public safety management and cyber security. Net sales break down by source of revenue as follows:
- sales of maintenance services (39.6%);
- sales of subscriptions (27.3%);
- sales of software-related professional services (19.6%);
- sales of licenses and royalties (9.2%);
- sales of valuation and tax software solutions (2.2%);
- other (2.1%): notably sales of computer hardware.
TYLER TECHNOLOGIES, INC. 
