Worth Watching: Sentiment Report: Tyler Technologies Inc (NYSE:TYL)

December 1, 2016 - By Peter Erickson   ·   0 Comments

Worth Watching: Sentiment Report: Tyler Technologies Inc (NYSE:TYL)

Sentiment for Tyler Technologies Inc (NYSE:TYL)

Tyler Technologies Inc (NYSE:TYL) institutional sentiment decreased to 0.85 in Q2 2016. Its down -0.30, from 1.15 in 2016Q1. The ratio dived, as 142 hedge funds increased or started new stock positions, while 123 reduced and sold holdings in Tyler Technologies Inc. The hedge funds in our partner’s database now possess: 32.23 million shares, up from 31.95 million shares in 2016Q1. Also, the number of hedge funds holding Tyler Technologies Inc in their top 10 stock positions increased from 6 to 9 for an increase of 3. Sold All: 30 Reduced: 93 Increased: 91 New Position: 51.

Tyler Technologies, Inc. is a provider of information management solutions and services for the public sector, with a focus on local governments. The company has a market cap of $5.43 billion. The Firm provides professional information technology services to its clients, including software and hardware installation, data conversion, training and product modifications. It has a 85.39 P/E ratio.

The stock decreased 2.32% or $3.54 during the last trading session, hitting $148.9. Tyler Technologies, Inc. (NYSE:TYL) has risen 3.95% since April 28, 2016 and is uptrending. It has underperformed by 1.97% the S&P500.

Analysts await Tyler Technologies, Inc. (NYSE:TYL) to report earnings on February, 15. They expect $0.73 EPS, up 55.32% or $0.26 from last year’s $0.47 per share. TYL’s profit will be $26.62M for 50.99 P/E if the $0.73 EPS becomes a reality. After $0.79 actual EPS reported by Tyler Technologies, Inc. for the previous quarter, Wall Street now forecasts -7.59% negative EPS growth.

According to Zacks Investment Research, “Tyler Technologies, Inc. is engaged in providing integrated information management solutions and services to the public sector. It provides software products and services; professional IT services; subscription-based services; property appraisal outsourcing services. Its products generally automate three major functional areas (1) financial management and education, (2) courts and justice and (3) property appraisal and tax. Tyler operates in two reportable segments: Enterprise Software Solutions (ESS) and Appraisal and Tax Software Solutions and Services. The Enterprise Software Solutions (ESS) segment provides software systems to municipal and county governments and schools. The Appraisal and Tax Software Solutions and Services segment 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. Tyler Technologies, Inc. is headquartered in Dallas, Texas.”

Rgm Capital Llc holds 6.19% of its portfolio in Tyler Technologies, Inc. for 308,582 shares. Brown Capital Management Llc owns 2.09 million shares or 5.5% of their US portfolio. Moreover, Night Owl Capital Management Llc has 4.22% invested in the company for 35,486 shares. The Massachusetts-based Bainco International Investors has invested 3.98% in the stock. Conestoga Capital Advisors Llc, a Pennsylvania-based fund reported 244,313 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 28 insider sales for $50.54 million net activity.

Tyler Technologies, Inc. (NYSE:TYL) Ratings Coverage

Ratings analysis reveals 100% of Tyler Technologies’s analysts are positive. Out of 11 Wall Street analysts rating Tyler Technologies, 11 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $113 while the high is $219. The stock’s average target of $172.30 is 15.72% above today’s ($148.9) share price. TYL was included in 24 notes of analysts from July 21, 2015. Piper Jaffray initiated Tyler Technologies, Inc. (NYSE:TYL) on Tuesday, July 26 with “Overweight” rating. Maxim Group maintained Tyler Technologies, Inc. (NYSE:TYL) on Thursday, October 22 with “Buy” rating. Maxim Group maintained the shares of TYL in a report on Thursday, April 28 with “Buy” rating. Northland Capital maintained the shares of TYL in a report on Thursday, July 23 with “Outperform” rating. Northland Capital maintained Tyler Technologies, Inc. (NYSE:TYL) on Thursday, October 22 with “Outperform” rating. The company was maintained on Thursday, October 1 by Benchmark. The stock of Tyler Technologies, Inc. (NYSE:TYL) earned “Buy” rating by Maxim Group on Thursday, February 11. KeyBanc Capital Markets maintained the shares of TYL in a report on Tuesday, September 13 with “Overweight” rating. Benchmark maintained Tyler Technologies, Inc. (NYSE:TYL) on Friday, July 29 with “Buy” rating. As per Monday, June 20, the company rating was initiated by Pacific Crest.

TYL Company Profile

Tyler Technologies, Inc., incorporated on November 13, 1989, is a well-known provider of information management solutions and services for the public sector, with a focus on local governments. The Firm provides professional information technology (IT) services to its clients, including software and hardware installation, data conversion, training and product modifications. The Firm operates through two divisions: The Enterprise Software Solutions (ESS) 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 (ATSS) 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. The Company’s software solutions and services are grouped in over six areas: financial management and education; courts and justice; public safety; property appraisal and tax; planning, regulatory and maintenance, and land and vital records management. The Firm provides the services, such as sales of software licenses and royalties, subscription arrangements, software services, maintenance and support, and appraisal services.

More important recent Tyler Technologies, Inc. (NYSE:TYL) news were published by: Businesswire.com which released: “Tyler Technologies Enables Sonoma County, California, to Digitize Marriage …” on November 29, 2016, also Barrons.com published article titled: “Tyler Technologies Set to Deliver 20% Return”, Businesswire.com published: “Tyler Technologies Celebrates 50 Years with NYSE Bell Ringing” on October 20, 2016. More interesting news about Tyler Technologies, Inc. (NYSE:TYL) was released by: Businesswire.com and their article: “Tyler Technologies Acquires ExecuTime Software” with publication date: June 01, 2016.

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By Peter Erickson

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