Bard Associates Inc Lowers stake in Tyler Technologies (TYL)

Tyler Technologies (TYL) : Bard Associates Inc reduced its stake in Tyler Technologies by 27.42% during the most recent quarter end. The investment management company now holds a total of 27,200 shares of Tyler Technologies which is valued at $4.1 Million after selling 10,275 shares in Tyler Technologies , the firm said in a disclosure report filed with the SEC on May 12, 2016.Tyler Technologies makes up approximately 2.23% of Bard Associates Inc’s portfolio.

Other Hedge Funds, Including , United Capital Financial Advisers reduced its stake in TYL by selling 2,744 shares or 7.81% in the most recent quarter. The Hedge Fund company now holds 32,391 shares of TYL which is valued at $4.8 Million. Tyler Technologies makes up approx 0.05% of United Capital Financial Advisers’s portfolio. Archford Capital Strategies sold out all of its stake in TYL during the most recent quarter. The investment firm sold 58 shares of TYL which is valued $8,661.American Century Companies Inc boosted its stake in TYL in the latest quarter, The investment management firm added 105,966 additional shares and now holds a total of 507,249 shares of Tyler Technologies which is valued at $72.2 Million. Tyler Technologies makes up approx 0.08% of American Century Companies Inc’s portfolio.

Tyler Technologies opened for trading at $145.3 and hit $147.785 on the upside on Friday, eventually ending the session at $147.02, with a gain of 1.86% or 2.68 points. The heightened volatility saw the trading volume jump to 2,01,435 shares. Company has a market cap of $5,310 M.

On the company’s financial health, Tyler Technologies reported $0.81 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.77. The company had revenue of $179.29 million for the quarter, compared to analysts expectations of $177.88 million. The company’s revenue was up 32.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS.

Many Wall Street Analysts have commented on Tyler Technologies. Shares were Reiterated by Maxim Group on Apr 28, 2016 to “Buy” and Lowered the Price Target to $ 196 from a previous price target of $201 .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 .

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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