Pacific Crest Initiates Coverage on Tyler Technologies to Overweight

Pacific Crest Initiates Coverage on Tyler Technologies(NYSE:TYL). The shares have been rated Overweight. The rating by Pacific Crest was issued on Jun 20, 2016.

In a different note, On Apr 28, 2016, Maxim Group said it Maintains its rating on Tyler Technologies. In the research note, the firm Lowers the price-target to $201.00 per share. The shares have been rated ‘Buy’ by the firm.

Tyler Technologies (TYL) shares turned negative on Fridays trading session with the shares closing down -3.9 points or -2.48% at a volume of 29,87,747. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $155.46. The peak price level was also seen at $155.46 while the days lowest was $150.25. Finally the shares closed at $153.56. The 52-week high of the shares is $184.01 while the 52-week low is $118.16. According to the latest information available, the market cap of the company is $5,546 M.

Tyler Technologies(TYL) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $184.99M. Analysts had an estimated revenue of $179.52M. Earnings per share were $0.81. Analysts had estimated an EPS of $0.77.

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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