🟢 Tyler Technologies is trading 6% up on October 30 after record quarterly free cash flow

Tyler Technologies is trading at $393.90, 5.89% up on October 30, following its third-quarter report, where adjusted EPS beat estimates and quarterly free cash flow reached a record $277 million.

• SaaS revenue grew 21.2%, although revenue missed expectations and revenue guidance narrowed slightly.
• Baird raised its price target to $490 from $435, while BTIG raised its target to $430 from $400; both maintained positive ratings.
• The broader software sector was sharply lower.