Tyler Technologies (TYL) Misses Q4 EPS by 7c, FY Guidance Falls Short
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Needham & Company Cuts Tyler Technologies' (TYL) Price Target to Reflect Slower Growth Rate
February 19, 2016 8:29 AM ESTNeedham & Company maintained a Buy rating on Tyler Tech (NYSE: TYL), and cut the price target to $160.00 (from $200.00), following a company's 4Q conference call. 4Q bookings were light compared to recent reported results as reported bookings were flat Y/Y while license revenues only grew organically 1% Y/Y in the quarter.... More
