Geneva Advisors buys $74,166,910 stake in Tyler Technologies (TYL)

Tyler Technologies (TYL) : Geneva Advisors scooped up 8,921 additional shares in Tyler Technologies during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 454,009 shares of Tyler Technologies which is valued at $74,166,910.Tyler Technologies makes up approximately 1.42% of Geneva Advisors’s portfolio.

Other Hedge Funds, Including , Royce Associates Lp added TYL to its portfolio by purchasing 11,000 company shares during the most recent quarter which is valued at $1,796,960. Tyler Technologies makes up approx 0.01% of Royce Associates Lp’s portfolio.Gamco Investors Et Al reduced its stake in TYL by selling 2,340 shares or 1.92% in the most recent quarter. The Hedge Fund company now holds 119,770 shares of TYL which is valued at $19,299,738. Tyler Technologies makes up approx 0.12% of Gamco Investors Et Al’s portfolio. Calvert Investment Management added TYL to its portfolio by purchasing 1,707 company shares during the most recent quarter which is valued at $275,066. Tyler Technologies makes up approx 0.01% of Calvert Investment Management’s portfolio.American Century Companies Inc reduced its stake in TYL by selling 37,042 shares or 6.48% in the most recent quarter. The Hedge Fund company now holds 534,915 shares of TYL which is valued at $88,528,433. Tyler Technologies makes up approx 0.10% of American Century Companies Inc’s portfolio.

Tyler Technologies closed down -0.4 points or -0.24% at $163.45 with 1,28,637 shares getting traded on Monday. Post opening the session at $164.11, the shares hit an intraday low of $163.31 and an intraday high of $164.31 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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