Avondale Partners Initiates Coverage on Tyler Technologies to Market Perform

Avondale Partners Initiates Coverage on Tyler Technologies(NYSE:TYL). The shares have been rated Market Perform. The rating by Avondale Partners was issued on Apr 14, 2016.

In a different note, On Feb 19, 2016, B. Riley said it Maintains its rating on Tyler Technologies. In the research note, the firm Lowers the price-target to $175.00 per share. The shares have been rated ‘Buy’ by the firm. On Feb 17, 2016, B. Riley said it Upgrades its rating on Tyler Technologies. In the research note, the firm Raises the price-target to $150.00 per share. The shares have been rated ‘Buy’ by the firm.

Tyler Technologies (TYL) made into the market gainers list on Mondays trading session with the shares advancing 3.08% or 4.26 points. Due to strong positive momentum, the stock ended at $142.66, which is also near the day’s high of $142.74. The stock began the session at $138.34 and the volume stood at 4,63,963 shares. The 52-week high of the shares is $184.01 and the 52 week low is $118.05. The company has a current market capitalization of $5,217 M and it has 3,65,72,000 shares in outstanding.

Tyler Technologies(TYL) last announced its earnings results on Feb 17, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $162.14M. Analysts had an estimated revenue of $151.68M. Earnings per share were $0.59. Analysts had estimated an EPS of $0.66.

Several Insider Transactions has been reported to the SEC. On Mar 4, 2016, Luther Jr King (director) sold 902 shares at $123.41 per share price.Also, On Dec 16, 2015, Brian K Miller (Executive VP & CFO) sold 17,984 shares at $174.88 per share price.On Dec 16, 2015, John M Yeaman (Chairman of the Board) sold 4,000 shares at $173.97 per share price, according to the Form-4 filing with the securities and exchange commission.

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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