Tyler Technologies (TYL) : Cupps Capital Management scooped up 12,368 additional shares in Tyler Technologies during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 59,519 shares of Tyler Technologies which is valued at $9,752,188.Tyler Technologies makes up approximately 2.33% of Cupps Capital Management’s portfolio.
Other Hedge Funds, Including , Symphony Asset Management sold out all of its stake in TYL during the most recent quarter. The investment firm sold 4,082 shares of TYL which is valued $668,836.New York State Common Retirement Fund reduced its stake in TYL by selling 52 shares or 0.01% in the most recent quarter. The Hedge Fund company now holds 465,453 shares of TYL which is valued at $76,264,474. Tyler Technologies makes up approx 0.11% of New York State Common Retirement Fund’s portfolio. Sandy Spring Bank sold out all of its stake in TYL during the most recent quarter. The investment firm sold 165 shares of TYL which is valued $26,392.Brown Capital Management reduced its stake in TYL by selling 166,469 shares or 7.38% in the most recent quarter. The Hedge Fund company now holds 2,089,480 shares of TYL which is valued at $336,698,807. Tyler Technologies makes up approx 5.08% of Brown Capital Management’s portfolio.Nisa Investment Advisors reduced its stake in TYL by selling 300 shares or 1.27% in the most recent quarter. The Hedge Fund company now holds 23,300 shares of TYL which is valued at $3,858,946. Tyler Technologies makes up approx 0.05% of Nisa Investment Advisors’s portfolio.
Tyler Technologies opened for trading at $166.25 and hit $167.59 on the upside on Monday, eventually ending the session at $166.53, with a gain of 0.38% or 0.63 points. The heightened volatility saw the trading volume jump to 1,23,036 shares. Company has a market cap of $6,052 M.
On the company’s financial health, Tyler Technologies reported $0.87 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.83. The company had revenue of $188.97 million for the quarter, compared to analysts expectations of $190.63 million. The company’s revenue was up 29.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS.
Many Wall Street Analysts have commented on Tyler Technologies. Company shares were Reiterated by The Benchmark Company on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 190 from a previous price target of $160 .Company shares were Reiterated by Maxim Group on Jul 28, 2016 to “Buy”, Firm has raised the Price Target to $ 206 from a previous price target of $196 .Piper Jaffray Initiated Tyler Technologies on Jul 26, 2016 to “Overweight”, Price Target of the shares are set at $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.