Tyler Technologies Surges to 492nd in Trading Volume with $17.2 Million Turnover

Generated by AI AgentAinvest Market Brief
Friday, Mar 28, 2025 7:51 pm ET1min read
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On March 28, 2025, Tyler TechnologiesTYL-- (NYSE: TYL) saw a significant increase in trading volume, with a turnover of $17.2 million, marking an 82.9% rise from the previous day. This surge placed Tyler Technologies at the 492nd position in terms of trading volume for the day. The stock price of Tyler Technologies rose by 0.22%, marking the second consecutive day of gains, with a total increase of 0.40% over the past two days.

Tyler Technologies has recently secured a four-year agreement with Hillsborough County, Florida, to provide its Appraisal Services. This partnership aims to enhance the efficiency of property assessment processes, reduce costs for taxpayers, and support effective governance in one of Florida’s most populous counties. Hillsborough County, home to approximately 1.5 million residents, will benefit from Tyler’s advanced technology, which is expected to yield significant financial benefits, with projected savings of nearly $225,000 annually over the four-year term.

Hillsborough County Property Appraiser Bob Henriquez highlighted the transformative potential of this partnership, stating that it will revolutionize property assessments, ensuring faster and more efficient services while driving down costs. This initiative aligns with the county’s commitment to effective governance, allowing savings to be redirected into other essential public services. Tyler Technologies, with decades of expertise in providing appraisal services, brings a proven track record to the table, having served nearly all 50 states and 26 state capitals for over 85 years.

Mark Hawkins, president of Tyler’s Property & Recording Division, emphasized the company’s role in supporting Hillsborough County’s goals. He noted that the proactive approach to governance will serve residents through accurate, timely, and seamless appraisal services. The partnership sets a new benchmark for accuracy and quality in property assessments, leveraging Tyler’s advanced technology to modernize county processes. By integrating data and systems, Tyler’s solutions aim to deliver measurable improvements in operational efficiency and transparency—key priorities for public sector entities.

Tyler Technologies, headquartered in Plano, Texas, is an S&P 500 company with a global footprint. The company supports more than 45,000 installations across 13,000 locations, serving clients in all 50 states, Canada, the Caribbean, Australia, and beyond. Recognized repeatedly for its innovation and growth, Tyler continues to empower government entities with end-to-end solutions that bridge data, processes, and community needs. This agreement marks a significant step forward for Hillsborough County as it works to optimize resources and enhance service delivery for its residents.

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