Tyler Technologies (TYL) Releases Earnings Results, Beats Expectations By $0.04 EPS

Tyler Technologies (TYL) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.81 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.77. The company posted revenue of $179.29 million in the period, 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. 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 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.

In a different news, on Mar 4, 2016, Luther Jr King (director) sold 902 shares at $123.41 per share price. According to the SEC, 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.

Tyler Technologies

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