Tyler Technologies, Inc. (NYSE:TYL) Stock Holdings Lifted by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC boosted its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 23.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,019 shares of the technology company’s stock after buying an additional 2,319 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Tyler Technologies were worth $6,043,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Independence Bank of Kentucky acquired a new position in shares of Tyler Technologies during the 2nd quarter valued at about $25,000. Kapitalo Investimentos Ltda bought a new stake in Tyler Technologies during the fourth quarter worth approximately $26,000. Covestor Ltd grew its holdings in Tyler Technologies by 153.6% during the first quarter. Covestor Ltd now owns 71 shares of the technology company’s stock valued at $30,000 after purchasing an additional 43 shares during the last quarter. Blue Trust Inc. raised its position in shares of Tyler Technologies by 329.4% in the second quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock valued at $37,000 after purchasing an additional 56 shares during the period. Finally, Lynx Investment Advisory acquired a new stake in shares of Tyler Technologies in the second quarter worth $38,000. 93.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on TYL shares. Oppenheimer raised their target price on shares of Tyler Technologies from $550.00 to $625.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Evercore ISI raised Tyler Technologies to a “hold” rating in a report on Friday, July 26th. JMP Securities upped their price target on Tyler Technologies from $490.00 to $580.00 and gave the stock a “market outperform” rating in a report on Monday, July 22nd. 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. Finally, Loop Capital increased their price target on shares of Tyler Technologies from $485.00 to $530.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Tyler Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $582.31.

Tyler Technologies Stock Performance

NYSE TYL opened at $581.96 on Monday. Tyler Technologies, Inc. has a twelve month low of $361.16 and a twelve month high of $598.93. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.19. The stock has a market cap of $24.83 billion, a P/E ratio of 131.67, a PEG ratio of 5.39 and a beta of 0.78. The company’s 50-day simple moving average is $564.01 and its 200 day simple moving average is $492.95.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.06. Tyler Technologies had a return on equity of 9.66% and a net margin of 10.24%. The company had revenue of $540.98 million for the quarter, compared to analyst estimates of $541.01 million. During the same period in the prior year, the company posted $1.53 EPS. The company’s revenue was up 7.3% compared to the same quarter last year. As a group, research analysts forecast that Tyler Technologies, Inc. will post 7.21 earnings per share for the current fiscal year.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 2,000 shares of Tyler Technologies stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $567.96, for a total transaction of $1,135,920.00. Following the completion of the transaction, the chief financial officer now directly owns 11,950 shares of the company’s stock, valued at $6,787,122. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider John S. Marr, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $578.94, for a total value of $2,894,700.00. Following the completion of the sale, the insider now directly owns 6,983 shares of the company’s stock, valued at approximately $4,042,738.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brian K. Miller sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $567.96, for a total value of $1,135,920.00. Following the completion of the transaction, the chief financial officer now owns 11,950 shares in the company, valued at approximately $6,787,122. The disclosure for this sale can be found here. Insiders have sold 24,375 shares of company stock worth $14,166,639 over the last three months. Company insiders own 2.20% of the company’s stock.

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.