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

Tyler Technologies (TYL) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $0.87 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 $0.83. The company posted revenue of $188.97 million in the period, compared to analysts expectations of $190.63 million. The company’s revenue was up 29.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS.

Many Wall Street Analysts have commented on Tyler Technologies. Piper Jaffray Initiated Tyler Technologies on Jul 26, 2016 to “Overweight”, Price Target of the shares are set at $200.Tyler Technologies was Initiated by Pacific Crest to “Overweight” on Jun 20, 2016.

Tyler Technologies opened for trading at $168.9 and hit $168.9 on the upside on Thursday, eventually ending the session at $166.01, with a gain of 0.31% or 0.51 points. The heightened volatility saw the trading volume jump to 3,34,292 shares. Company has a market cap of $5,996 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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