Tyler Technologies (TYL) : Timpani Capital Management reduced its stake in Tyler Technologies by 2.24% during the most recent quarter end. The investment management company now holds a total of 36,341 shares of Tyler Technologies which is valued at $5,954,473 after selling 831 shares in Tyler Technologies , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Tyler Technologies makes up approximately 2.37% of Timpani Capital Management’s portfolio.
Other Hedge Funds, Including , Comerica Bank boosted its stake in TYL in the latest quarter, The investment management firm added 311 additional shares and now holds a total of 22,796 shares of Tyler Technologies which is valued at $3,735,125. Tyler Technologies makes up approx 0.03% of Comerica Bank’s portfolio.Mycio Wealth Partners boosted its stake in TYL in the latest quarter, The investment management firm added 169 additional shares and now holds a total of 234 shares of Tyler Technologies which is valued at $38,341. Tyler Technologies makes up approx 0.01% of Mycio Wealth Partners’s portfolio.Summit Creek Advisors reduced its stake in TYL by selling 6,108 shares or 6.72% in the most recent quarter. The Hedge Fund company now holds 84,760 shares of TYL which is valued at $14,216,795. Tyler Technologies makes up approx 2.31% of Summit Creek Advisors’s portfolio.
Tyler Technologies opened for trading at $164.99 and hit $165.96 on the upside on Tuesday, eventually ending the session at $165.64, with a gain of 0.78% or 1.29 points. The heightened volatility saw the trading volume jump to 1,53,481 shares. Company has a market cap of $6,019 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.