Gw&k Investment Management buys $66,037,269 stake in Tyler Technologies (TYL)

Tyler Technologies (TYL) : Gw&k Investment Management scooped up 6,062 additional shares in Tyler Technologies during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 19, 2016. The investment management firm now holds a total of 473,827 shares of Tyler Technologies which is valued at $66,037,269.Tyler Technologies makes up approximately 1.45% of Gw&k Investment Management’s portfolio.

Tyler Technologies closed down -2.15 points or -1.52% at $139.37 with 2,87,267 shares getting traded on Friday. Post opening the session at $140.89, the shares hit an intraday low of $138.8 and an intraday high of $143.14 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Yhb Investment Advisors sold out all of its stake in TYL during the most recent quarter. The investment firm sold 1,198 shares of TYL which is valued $166,965.Gemmer Asset Management reduced its stake in TYL by selling 2 shares or 8.0% in the most recent quarter. The Hedge Fund company now holds 23 shares of TYL which is valued at $3,183.1st Global Advisors boosted its stake in TYL in the latest quarter, The investment management firm added 1,711 additional shares and now holds a total of 7,715 shares of Tyler Technologies which is valued at $1,067,756. Tyler Technologies makes up approx 0.15% of 1st Global Advisors’s portfolio.Taylor Wealth Management Partners reduced its stake in TYL by selling 28,560 shares or 25.62% in the most recent quarter. The Hedge Fund company now holds 82,900 shares of TYL which is valued at $11,473,360. Tyler Technologies makes up approx 5.45% of Taylor Wealth Management Partners’s portfolio.Eagle Asset Management Inc reduced its stake in TYL by selling 976 shares or 0.5% in the most recent quarter. The Hedge Fund company now holds 194,243 shares of TYL which is valued at $25,657,558. Tyler Technologies makes up approx 0.18% of Eagle Asset Management Inc’s portfolio.

On the company’s financial health, Tyler Technologies reported $0.59 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Feb 17, 2016. Analyst had a consensus of $0.66. The company had revenue of $158.90 million for the quarter, compared to analysts expectations of $151.46 million. The company’s revenue was up 24.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.

Many Wall Street Analysts have commented on Tyler Technologies. Tyler Technologies was Initiated by Avondale to “Mkt Perform” on Apr 15, 2016. Shares were Reiterated by Needham on Feb 19, 2016 to “Buy” and Lowered the Price Target to $ 160 from a previous price target of $200 .Shares were Reiterated by Maxim Group on Feb 18, 2016 to “Buy” and Lowered the Price Target to $ 201 from a previous price target of $211 .

Tyler Technologies Inc. (Tyler) is a provider of information management solutions and services for the public sector with a focus on local governments. The Company provides professional information technology (IT) services to its clients. The Company operates through two segments: The Enterprise Software Solutions segment which provides municipal and county governments and schools with software systems and services for information technology and automation needs that includes back-office functions such as financial management courts and justice processes planning regulatory and maintenance and land and vital records management and The Appraisal and Tax Software Solutions and Services segment which provides systems and software that automate the appraisal and assessment of real and personal property as well as property appraisal outsourcing services for local governments and taxing authorities.

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