Tyler Technologies (TYL) is Initiated by Piper Jaffray to Overweight, Price Target at $200

Tyler Technologies (TYL) was Initiated by Piper Jaffray to “Overweight” and the brokerage firm has set the Price Target at $200. Piper Jaffray advised their investors in a research report released on Jul 26, 2016.

Many Wall Street Analysts have commented on Tyler Technologies. Tyler Technologies was Initiated by Pacific Crest to “Overweight” on Jun 20, 2016. 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 .

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 opened for trading at $166.69 and hit $167.88 on the upside on Wednesday, eventually ending the session at $166.94, with a gain of 0.91% or 1.5 points. The heightened volatility saw the trading volume jump to 1,78,302 shares. Company has a market cap of $6,030 M.

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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