Tyler Technologies

Tyler Technologies is the leading provider of software for the U.S. public sector, serving cities, counties, courts, schools and other government agencies. Its systems handle everything from tax and permitting to court records and public safety, and the switch toward cloud-based subscriptions has deepened long, sticky customer relationships across thousands of local governments. Tyler pays only a token dividend and is best understood as a growth company that channels cash into product development and acquisitions. The nominal yield offers no meaningful income, and its modest dividend profile reflects that priority. Investors here are buying steady recurring-revenue growth rather than a distribution.