Credit Suisse lowered the firm’s price target on Tyler Technologies to $370 from $375 and keeps a Neutral rating on the shares. The firm notes reported results came in below expectations, predominantly driven by the accelerating shift towards SaaS, which resulted in a sharp decline in Software License revs, and continued ramp-up of Subscriptions.
Published first on TheFly
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- Tyler Technologies price target lowered to $415 from $465 at JMP Securities
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