JMP Securities Maintains Tyler Technologies to Market Outperform with Price Target $170.00

Brokerage firm JMP Securities Maintains its rating on Tyler Technologies(NYSE:TYL). In a research note issued to the investors, the brokerage major Raises the price-target to $170.00 per share. The shares have been rated Market Outperform. The rating by JMP Securities was issued on Jul 28, 2016.

In a different note, Piper Jaffray said it Initiates Coverage on Tyler Technologies, according to a research note issued on Jul 26, 2016. The shares have been rated ‘Overweight’ by the firm. On Jun 27, 2016, Evercore Partners said it Upgrades its rating on Tyler Technologies. The shares have been rated ‘Buy’ by the firm. Pacific Crest said it Initiates Coverage on Tyler Technologies, according to a research note issued on Jun 20, 2016. The shares have been rated ‘Overweight’ by the firm.

Tyler Technologies (TYL) made into the market gainers list on Thursdays trading session with the shares advancing 0.26% or 0.41 points. Due to strong positive momentum, the stock ended at $160.97, which is also near the day’s high of $162.785. The stock began the session at $160.17 and the volume stood at 1,55,983 shares. The 52-week high of the shares is $184.01 and the 52 week low is $118.16. The company has a current market capitalization of $5,850 M and it has 3,63,40,400 shares in outstanding.

Tyler Technologies(TYL) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $193.75M. Analysts had an estimated revenue of $192.09M. Earnings per share were $0.87. Analysts had estimated an EPS of $0.84.

Several Insider Transactions has been reported to the SEC. On Jun 16, 2016, Brian K Miller (Executive VP & CFO) sold 6,000 shares at $155.45 per share price.Also, 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.

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