Tyler Technologies (TYL) is Initiated by Pacific Crest to Overweight

Tyler Technologies (TYL) was Initiated by Pacific Crest to “Overweight”. Pacific Crest advised their investors in a research report released on Jun 20, 2016.

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.

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.

Tyler Technologies closed down -4.02 points or -2.60% at $150.53 with 4,49,532 shares getting traded on Friday. Post opening the session at $154.92, the shares hit an intraday low of $149.6 and an intraday high of $154.92 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Jun 16, 2016, Brian K Miller (Executive VP & CFO) sold 6,000 shares at $155.45 per share price. According to the SEC, on Jun 9, 2016, John M Yeaman (Chairman of the Board) sold 5,000 shares at $160.00 per share price. On Jun 7, 2016, H Lynn Jr Moore (EVP & General Counsel) sold 13,194 shares at $159.17 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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