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Fly News Breaks for February 20, 2018
TYL
Feb 20, 2018 | 08:40 EDT
Maxim analyst Brian Kinstlinger raised his price target on Tyler Technologies to $220 and kept his Buy rating, citing the company's recent award count, the largest of which is a statewide court case management system for the Kansas Courts. The analyst also anticipates several counties to ramp up their e-file business in 2018, which would drive high-margin recurring revenue streams for the company. Kinstlinger believes that Tyler Technologies can "significantly improve its New World Systems win rates", which could be a catalyst to stronger revenue and EPS estimates.
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