Connors Investor Services Inc buys $10.1 Million stake in Tyler Technologies (TYL)

Tyler Technologies (TYL) : Connors Investor Services Inc scooped up 10,632 additional shares in Tyler Technologies during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 67,498 shares of Tyler Technologies which is valued at $10.1 Million.Tyler Technologies makes up approximately 2.05% of Connors Investor Services Inc’s portfolio.

Other Hedge Funds, Including , King Luther Capital Management Corp boosted its stake in TYL in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 189,389 shares of Tyler Technologies which is valued at $28.3 Million. Tyler Technologies makes up approx 0.28% of King Luther Capital Management Corp’s portfolio.Insight Capital Research Management Inc reduced its stake in TYL by selling 30,237 shares or 77.42% in the most recent quarter. The Hedge Fund company now holds 8,820 shares of TYL which is valued at $1.3 Million. Tyler Technologies makes up approx 0.41% of Insight Capital Research Management Inc’s portfolio.Bronfman E.l. Rothschild reduced its stake in TYL by selling 64 shares or 7.89% in the most recent quarter. The Hedge Fund company now holds 747 shares of TYL which is valued at $106,365. Tyler Technologies makes up approx 0.02% of Bronfman E.l. Rothschild’s portfolio.Teachers Advisors Inc reduced its stake in TYL by selling 69,244 shares or 35.16% in the most recent quarter. The Hedge Fund company now holds 127,697 shares of TYL which is valued at $18.2 Million. Tyler Technologies makes up approx 0.03% of Teachers Advisors Inc’s portfolio.Proshare Advisors reduced its stake in TYL by selling 841 shares or 9.51% in the most recent quarter. The Hedge Fund company now holds 7,998 shares of TYL which is valued at $1.1 Million. Tyler Technologies makes up approx 0.02% of Proshare Advisors’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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