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Kirkwood renews contract with tech company despite questions about its role in $15.6M deficit. The council's failure to get regular financial reports has been blamed on difficulties in implementing Tyler Technologies' system. The Kirkwood City Council OKed a nearly $332,000 one-year contract Thursday night with Tyler Technologies, despite complaints about the Texas-based firm's role in the council not receiving regular financial reports for more than two years. The lack of regular financial reports to the council, including fund balances, has been cited as a key factor in the Electric Department overspending fiasco that led to the firing last year of Electric Department director Mark Petty and chief administrative officer Russell Hawes. Get a fresh take on the day's top news. LOVEtheLOU will never send spam or annoying emails. Unsubscribe anytime. Concerned about possible criminal wrongdoing, the council earlier this year unveiled plans to hire an outside auditing firm to begin a forensic audit of the Electric Department, a review that might require at least a year to complete. The deadline for proposals is Aug. 12. But the council opted to continue using Tyler Technologies' Enterprise Resource Planning System despite those concerns, as well as some allegations that it has not been easy to use. Council member Sheila Burkett, who has a background in information technology, argued in favor of the contract renewal, though she acknowledged "disappointment" that the contract was only coming before the council now - two months past its renewal date. "To not approve this would have dramatic implications," Burkett said. "It would create extreme budget constraints, force our staff to do another multi-year migration to a different system... and would potentially prevent us from making payroll." Council member Deb Lavender also argued in favor of renewing the contract. To bolster her case, she said she had spoken to officials in a few local governments that use the Tyler ERP platform. The people she spoke to agreed Tyler "is not user-friendly. This is not intuitive," Lavender said. Even so, one public official, who is both an engineer and accountant, praised the system, she said. "He thinks it's fabulous," she said. "He gets historical data he's never had before. He's able to manipulate data he's never been able to do before." Darren Lamb, the city's chief administrative officer, said a goal with the Tyler system this year will be to "go ahead and get more training for that." Between December 2023 and December 2025, Kirkwood's chief administrative officer, Hawes, stopped providing regular financial reports to the council, saying the city was experiencing problems with the ERP system implemented by Tyler, glitches that were exacerbated by staff turnover and shortages, and difficulty obtaining the right training. Meanwhile, beginning in early 2024, the Electric Department under Petty's leadership had begun making expenditures worth millions of dollars without city council approval - an apparent violation of a city ordinance that requires city purchases of $15,000 or more to receive council approval. The city council voted to fire Petty and Hawes last October and last November, respectively. For its part, Tyler has denied receiving any complaints about the implementation of its system in Kirkwood. "We consulted with the team currently supporting the City of Kirkwood, and they confirmed that the City went live with Tyler's ERP system in 2024," the Plano, Texas, company said in a statement. "Since go-live, the City has not reported any software-related issues that would have prevented it from producing its financial reports." Kirkwood's problems with Tyler Technologies, however, are not unique. Local and state governments nationwide have also experienced difficulties transitioning to ERP platforms connected to Tyler Technologies, though the firm has stated it has a 98 percent client retention rate and the vast majority of its clients are satisfied with its performance. Nearly two years ago, Axios reported that Tyler Technologies has grown rapidly, becoming a multi-billion-dollar business built because of its near-monopoly status helping state and local governments upgrade their antiquated computer resources But many public officials have complained the Tyler system is glitchy and requires lots of intensive training to get right. In April the Chicago Tribune reported that Cook County's efforts to use Tyler to modernize its tax records encountered "massive delays and budget blowouts," causing the original contract to surge from an initial $75 million to $250 million over a decade. Dangelo Sanders already had two different pending felony assault cases when he allegedly committed the June attack. It's the latest innovation on an endlessly evolving cat-and-mouse game. Branded content. Chris Wedell of Volare Wealth Advisors shares why fulfillment, legacy, and intentional living are changing the way that people think about retirement.

Lehigh County Authority, PA, expands partnership with Velosimo to integrate Tyler Utility Billing with Cityworks. Aug 6, 2026 Lehigh County Authority, PA - already a Velosimo customer following its selection of Velosimo Connect to integrate Procore with Tyler Munis, advancing its digital transformation with the addition of the Tyler Utility Billing to Cityworks integration connector. The connector automates the flow of service request and work order data between Tyler Utility Billing and Cityworks. Utility-related service requests initiated in Tyler UB, such as water shutoffs, are automatically converted into Cityworks work orders, based on configuration. As Cityworks staff update the status of the work, those updates are synced back to Tyler UB in real time, and final status and comments are returned automatically upon completion. For an authority serving water and wastewater to 15 municipalities across the Lehigh Valley, keeping fieldwork and billing systems in sync is critical to avoiding delays and duplicate data entry. Adding this connector builds on the Authority's existing use of Velosimo Connect, extending the same no-code, real-time integration approach from project and financial systems to day-to-day utility operations. "Lehigh County Authority started with Velosimo to connect their finance and project systems, and now they're extending that same platform into field operations," said Maury Blackman, CEO of Velosimo. "That's exactly the value we set out to deliver: one integration layer agencies can keep building on, department by department, without starting over each time." Both integrations run on the Velosimo iPaaS, using real-time events to transfer data between systems, configurable business rules, and field-level mapping, giving the Authority a consistent way to connect new systems without custom development or heavy IT involvement. About Velosimo Velosimo is the government iPaaS (Integration Platform as a Service) provider that delivers no-code connectors to unify systems like Accela, Cityworks, Laserfiche, OpenGov, Tyler Technologies, and more. With purpose-built integrations for public sector workflows, Velosimo empowers agencies to automate processes securely, reliably, and at scale.

8,001 shares in Tyler Technologies, Inc. $TYL purchased by Edgestream Partners L.P. August 2, 2026 Key points. * Edgestream Partners purchased 8,001 Tyler Technologies shares worth approximately $2.74 million during the first quarter. Institutional investors collectively own 93.3% of the company. * Tyler's latest quarter showed adjusted EPS of $3.08, beating estimates, while revenue rose 8.2% year over year to $645.1 million but narrowly missed forecasts. Management reaffirmed 2026 EPS guidance rather than raising it and authorized a new $1.5 billion share repurchase. * Analysts remain broadly positive, with a consensus "Moderate Buy" rating and a $456.72 price target, despite several firms lowering their targets. The company also acquired public-safety software provider CODY Systems, expanding its government technology portfolio. * Interested in Tyler Technologies? Here are five stocks we like better. Edgestream Partners L.P. acquired a new position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,001 shares of the technology company's stock, valued at approximately $2,739,000. A number of other hedge funds and other institutional investors have also bought and sold shares of TYL. Advisors Asset Management Inc. bought a new stake in shares of Tyler Technologies in the 1st quarter worth approximately $38,000. NewEdge Advisors LLC increased its position in Tyler Technologies by 17.8% during the 1st quarter. NewEdge Advisors LLC now owns 251 shares of the technology company's stock valued at $146,000 after buying an additional 38 shares in the last quarter. Woodline Partners LP bought a new position in Tyler Technologies during the 1st quarter valued at approximately $2,102,000. Geneos Wealth Management Inc. raised its stake in Tyler Technologies by 137.9% during the first quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company's stock valued at $40,000 after buying an additional 40 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in Tyler Technologies by 12.5% during the second quarter. American Century Companies Inc. now owns 621 shares of the technology company's stock valued at $368,000 after buying an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company's stock. Key stories impacting Tyler Technologies. Here are the key news stories impacting Tyler Technologies this week: * Positive Sentiment: Tyler Technologies acquired CODY Systems, a public-safety software provider. The deal expands Tyler's government technology portfolio and could create additional cross-selling and recurring-revenue opportunities. Tyler Technologies Acquires CODY Systems * Positive Sentiment: BTIG maintained a Buy rating while lowering its price target to $400 from $420, and Piper Sandler maintained an Overweight rating while reducing its target to $491 from $543. Both targets still imply substantial upside based on the supplied reference price. Benzinga analyst updates * Positive Sentiment: Second-quarter adjusted earnings of $3.08 per share exceeded consensus, while revenue increased 8.2% year over year. Management also highlighted record SaaS and total bookings, strong recurring-revenue growth, cloud momentum and healthy free cash flow. Tyler Technologies Q2 Earnings Beat Estimates * Neutral Sentiment: Management reaffirmed its 2026 outlook of $12.95-$13.20 in earnings per share rather than raising guidance, while targeting 85% maintenance conversion to cloud by 2030. Cloud-living pilots are expected in 2027, with referenceable clients in 2028, indicating potential benefits are still several years away. Tyler outlines cloud-living pilots * Negative Sentiment: Quarterly revenue of $645.1 million fell modestly short of estimates near $648 million. Investors appeared to view the earnings beat as insufficient for a premium-valued stock, particularly because management did not increase its full-year forecast. Tyler also announced a new $1.5 billion share-repurchase authorization, which supports the stock but may not offset near-term growth concerns. Why Tyler Technologies Stock Got Thrashed Wall Street analysts forecast growth. A number of research firms have recently commented on TYL. Piper Sandler cut their target price on Tyler Technologies from $543.00 to $491.00 and set an "overweight" rating on the stock in a research note on Friday. TD Cowen lowered their price target on Tyler Technologies from $450.00 to $400.00 and set a "buy" rating for the company in a research report on Monday, July 27th. Barclays upped their price target on shares of Tyler Technologies from $420.00 to $425.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 10th. JPMorgan Chase & Co. cut their price objective on shares of Tyler Technologies from $650.00 to $525.00 and set an "overweight" rating on the stock in a research report on Tuesday, June 23rd. Finally, DA Davidson restated a "buy" rating and set a $460.00 price objective on shares of Tyler Technologies in a research note on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Tyler Technologies has an average rating of "Moderate Buy" and a consensus price target of $456.72. Discover more Stocks & Bonds Stock Split Calculator Tyler Technologies Stock performance. TYL stock opened at $310.33 on Friday. The stock's 50 day simple moving average is $304.60 and its 200 day simple moving average is $334.53. The company has a current ratio of 1.55, a quick ratio of 1.00 and a debt-to-equity ratio of 0.46. Tyler Technologies, Inc. has a 12-month low of $270.71 and a 12-month high of $621.34. The stock has a market capitalization of $12.71 billion, a PE ratio of 41.16, a price-to-earnings-growth ratio of 2.06 and a beta of 0.82. Tyler Technologies (NYSE:TYL - Get Free Report) last posted its earnings results on Wednesday, July 29th. The technology company reported $3.08 EPS for the quarter, topping analysts' consensus estimates of $3.05 by $0.03. Tyler Technologies had a return on equity of 11.15% and a net margin of 13.36%.The business had revenue of $645.10 million during the quarter, compared to analyst estimates of $647.95 million. During the same quarter last year, the company earned $2.91 EPS. The company's quarterly revenue was up 8.2% compared to the same quarter last year. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. As a group, research analysts forecast that Tyler Technologies, Inc. will post 10.06 earnings per share for the current fiscal year. Tyler Technologies company profile. Tyler Technologies, Inc is a provider of software and technology services for the public sector, delivering integrated systems that help government and public agencies manage operations, finances and citizen services. Headquartered in Plano, Texas, the company focuses on developing and implementing solutions for local and state governments, school districts, courts and public safety organizations. Its offerings are aimed at modernizing administrative workflows, improving transparency and enabling digital interactions between governments and the communities they serve. Tyler's product portfolio spans enterprise resource planning and financial management, tax and billing systems, court case and records management, public safety solutions (including computer-aided dispatch and records management), land and property management, permitting and licensing, and enterprise asset management. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Tyler Technologies, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tyler Technologies wasn't on the list. While Tyler Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. MarketBeat just released its list of the 7 hottest IPOs expected to hit Wall Street in 2026. See which companies are preparing to go public and why investors are watching closely.