GARP Research Maintains a 'Buy' on Tyler Tech (TYL); Subscription Revenue Growth Continues
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Price: $66.83 -1.08%
Rating Summary:
5 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
5 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade TYL Now!
GARP Research maintains a 'Buy' on Tyler Tech (NYSE: TYL).
Analyst, Rob Furlong, said, "Tyler is the dominant provider of ERP systems for small to mid-sized towns, counties, and school districts. Despite ailing municipal budgets, we believe this niche provides years of opportunity given the large installed base of aging systems developed in-house and by vendors that are out of business or no longer supporting legacy products. The macroeconomic environment has hindered the top line, up-front investment for new products is crimping EPS, and a transition to a subscription model is handicapping both. However, we think high single-digit organic revenue growth posted in 4Q11 is sustainable, and this could double pre-tax profit over the next three to five years."
For an analyst ratings summary and ratings history on Tyler Tech click here. For more ratings news on Tyler Tech click here.
Shares of Tyler Tech closed at $41.06 yesterday, with a 52 week range of $22.15-$41.61.
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Analyst, Rob Furlong, said, "Tyler is the dominant provider of ERP systems for small to mid-sized towns, counties, and school districts. Despite ailing municipal budgets, we believe this niche provides years of opportunity given the large installed base of aging systems developed in-house and by vendors that are out of business or no longer supporting legacy products. The macroeconomic environment has hindered the top line, up-front investment for new products is crimping EPS, and a transition to a subscription model is handicapping both. However, we think high single-digit organic revenue growth posted in 4Q11 is sustainable, and this could double pre-tax profit over the next three to five years."
For an analyst ratings summary and ratings history on Tyler Tech click here. For more ratings news on Tyler Tech click here.
Shares of Tyler Tech closed at $41.06 yesterday, with a 52 week range of $22.15-$41.61.
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