Garelick Capital Partners Lp adds Tyler Technologies (TYL) to its portfolio

Tyler Technologies (TYL) : Garelick Capital Partners Lp added new position in Tyler Technologies during the most recent quarter end. The investment management firm now holds 25,057 shares of Tyler Technologies which is valued at $4,105,589 , the company said in a statement filed on Aug 10, 2016 with the SEC.Tyler Technologies makes up approximately 2.79% of Garelick Capital Partners Lp’s portfolio.

Other Hedge Funds, Including , Ironbridge Capital Management Lp reduced its stake in TYL by selling 20,118 shares or 15.04% in the most recent quarter. The Hedge Fund company now holds 113,661 shares of TYL which is valued at $18,623,355. Tyler Technologies makes up approx 0.78% of Ironbridge Capital Management Lp’s portfolio.Ubs Asset Management Americas Inc boosted its stake in TYL in the latest quarter, The investment management firm added 2,867 additional shares and now holds a total of 24,217 shares of Tyler Technologies which is valued at $3,956,089.Advisory Services Network boosted its stake in TYL in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 175 shares of Tyler Technologies which is valued at $28,963. Tyler Technologies makes up approx 0.01% of Advisory Services Network’s portfolio.Eagle Asset Management Inc reduced its stake in TYL by selling 1,249 shares or 0.64% in the most recent quarter. The Hedge Fund company now holds 192,994 shares of TYL which is valued at $32,218,418. Tyler Technologies makes up approx 0.21% of Eagle Asset Management Inc’s portfolio.

Tyler Technologies opened for trading at $162.28 and hit $164.49 on the upside on Friday, eventually ending the session at $164.35, with a gain of 1.16% or 1.89 points. The heightened volatility saw the trading volume jump to 1,82,319 shares. Company has a market cap of $5,973 M.

On the company’s financial health, Tyler Technologies reported $0.87 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.83. The company had revenue of $188.97 million for the quarter, 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. Company shares were Reiterated by The Benchmark Company on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 190 from a previous price target of $160 .Company shares were Reiterated by Maxim Group on Jul 28, 2016 to “Buy”, Firm has raised the Price Target to $ 206 from a previous price target of $196 .Piper Jaffray Initiated Tyler Technologies on Jul 26, 2016 to “Overweight”, Price Target of the shares are set at $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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