Hm Payson Co Lowers stake in Tyler Technologies (TYL)

Tyler Technologies (TYL) : Hm Payson Co reduced its stake in Tyler Technologies by 0.82% during the most recent quarter end. The investment management company now holds a total of 80,480 shares of Tyler Technologies which is valued at $13,147,213 after selling 666 shares in Tyler Technologies , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Tyler Technologies makes up approximately 0.63% of Hm Payson Co’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Investment Partners S.a. added TYL to its portfolio by purchasing 13,554 company shares during the most recent quarter which is valued at $2,214,181. Tyler Technologies makes up approx 0.02% of Bnp Paribas Investment Partners S.a.’s portfolio. Quantitative Investment Management sold out all of its stake in TYL during the most recent quarter. The investment firm sold 16,600 shares of TYL which is valued $2,665,296.Strs Ohio boosted its stake in TYL in the latest quarter, The investment management firm added 55,600 additional shares and now holds a total of 176,100 shares of Tyler Technologies which is valued at $29,144,550. Tyler Technologies makes up approx 0.13% of Strs Ohio’s portfolio.Cue Financial Group reduced its stake in TYL by selling 450 shares or 7.93% in the most recent quarter. The Hedge Fund company now holds 5,225 shares of TYL which is valued at $872,262. Tyler Technologies makes up approx 0.73% of Cue Financial Group’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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