The IBD SmartSelect Composite Rating for Tyler Technologies increased from 94 to 96 Tuesday.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
Tyler Technologies is trading about 5% above a 593.50 entry from a flat base.
Looking For The Best Stocks To Buy And Watch? Start Here
The stock earns a 93 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth is outpacing 93% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors over the last 13 weeks.
In Q3, the company posted 18% earnings growth. Revenue growth increased 10%, up from 7% in the prior quarter. That marks one quarter of accelerating revenue growth.
Tyler Technologies earns the No. 7 rank among its peers in the Computer Software-Special Enterprise industry group. AppLovin, HubSpot and Descartes Systems Group are among the top 5 highly-rated stocks within the group.
