Haverford Trust Co Raises Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Haverford Trust Co raised its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 7.7% in the third quarter, Holdings Channel.com reports. The fund owned 1,437 shares of the technology company’s stock after buying an additional 103 shares during the quarter. Haverford Trust Co’s holdings in Tyler Technologies were worth $839,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geneva Capital Management LLC grew its stake in Tyler Technologies by 1.0% during the third quarter. Geneva Capital Management LLC now owns 226,458 shares of the technology company’s stock worth $132,188,000 after buying an additional 2,252 shares during the period. Aptus Capital Advisors LLC boosted its position in Tyler Technologies by 21.7% during the 3rd quarter. Aptus Capital Advisors LLC now owns 16,146 shares of the technology company’s stock worth $9,425,000 after purchasing an additional 2,882 shares during the period. Aigen Investment Management LP acquired a new stake in Tyler Technologies in the 3rd quarter valued at $1,309,000. Sumitomo Mitsui Trust Group Inc. raised its position in Tyler Technologies by 1.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 95,789 shares of the technology company’s stock valued at $55,914,000 after purchasing an additional 1,258 shares during the period. Finally, Entropy Technologies LP acquired a new position in shares of Tyler Technologies during the third quarter worth about $463,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Tyler Technologies Stock Performance

Shares of TYL opened at $614.28 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21. The firm’s 50 day moving average is $593.46 and its 200-day moving average is $545.54. Tyler Technologies, Inc. has a 12-month low of $397.80 and a 12-month high of $631.43. The stock has a market capitalization of $26.29 billion, a P/E ratio of 112.10, a P/E/G ratio of 5.59 and a beta of 0.77.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.09. The business had revenue of $543.34 million during the quarter, compared to analyst estimates of $547.34 million. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same period last year, the company posted $1.66 EPS. Equities research analysts anticipate that Tyler Technologies, Inc. will post 7.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tyler Technologies news, CFO Brian K. Miller sold 2,500 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $586.97, for a total transaction of $1,467,425.00. Following the sale, the chief financial officer now directly owns 11,950 shares of the company’s stock, valued at $7,014,291.50. The trade was a 17.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 5,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $576.62, for a total value of $2,883,100.00. Following the completion of the sale, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $43,246,500. This trade represents a 6.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,600 shares of company stock worth $19,307,295 over the last ninety days. 2.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TYL. Robert W. Baird increased their target price on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Wells Fargo & Company boosted their target price on shares of Tyler Technologies from $580.00 to $600.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Barclays raised their price objective on Tyler Technologies from $700.00 to $705.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. JMP Securities lifted their target price on Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a research note on Friday, October 25th. Finally, BTIG Research lifted their price objective on shares of Tyler Technologies from $550.00 to $630.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $642.62.

About Tyler Technologies

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. It operates in two segments, Enterprise Software and Platform Technologies. The company offers platform and transformative technology solutions, including cybersecurity for government agencies; data and insights solutions; digital solutions that helps workers and policymakers to share, communicate, and leverage data; payments solutions, such as billing, presentment, merchant onboarding, collections, reconciliation, and disbursements; platform technologies, an application development platform that enables government workers to build solutions and applications; and outdoor recreation solutions, including campsite reservations, activity registrations, licensing sales and renewals, and real-time data for conservation and park management.