Conestoga Capital Advisors believes Tyler Technologies (TYL) maintains a strong long-term growth outlook, viewing AI disruption concerns as overstated
In its Q2 2026 investor letter, asset management firm Conestoga Capital Advisors highlighted Tyler Technologies, Inc. (NYSE:TYL), a software and technology solutions provider for the public sector. The firm noted that TYL underperformed during the quarter despite delivering solid financial results, attributing this to investor sentiment influenced by concerns that artificial intelligence could disrupt long-term growth prospects across the software sector. Conestoga Capital Advisors believes these AI concerns are overstated for TYL, citing the company's deep domain expertise, mission-critical software, highly recurring revenue base, and long-standing relationships with government customers as significant competitive advantages that should sustain its growth trajectory. Tyler Technologies closed at $306.58 per share on August 5, 2026.
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