Tyler Technologies, Inc. $TYL Holdings Lifted by TD Asset Management Inc

TD Asset Management Inc boosted its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 9.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 151,542 shares of the technology company’s stock after buying an additional 12,666 shares during the period. TD Asset Management Inc’s holdings in Tyler Technologies were worth $79,281,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Advisors Asset Management Inc. purchased a new position in Tyler Technologies during the 1st quarter valued at about $38,000. NewEdge Advisors LLC boosted its holdings in shares of Tyler Technologies by 17.8% during the first quarter. NewEdge Advisors LLC now owns 251 shares of the technology company’s stock worth $146,000 after purchasing an additional 38 shares during the period. Woodline Partners LP acquired a new stake in shares of Tyler Technologies during the first quarter worth approximately $2,102,000. Geneos Wealth Management Inc. grew its position in Tyler Technologies by 137.9% during the first quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock valued at $40,000 after purchasing an additional 40 shares in the last quarter. Finally, Wealthfront Advisers LLC increased its stake in Tyler Technologies by 22.7% in the 2nd quarter. Wealthfront Advisers LLC now owns 2,384 shares of the technology company’s stock valued at $1,413,000 after buying an additional 441 shares during the period. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Tyler Technologies in a research report on Friday, January 9th. The Goldman Sachs Group set a $420.00 price objective on Tyler Technologies in a report on Friday, February 13th. TD Cowen reduced their price objective on Tyler Technologies from $600.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Robert W. Baird set a $440.00 target price on Tyler Technologies in a research note on Friday, February 13th. Finally, BTIG Research cut their price target on Tyler Technologies from $560.00 to $470.00 and set a “buy” rating for the company in a research note on Monday, February 9th. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $467.54.

Insider Buying and Selling

In related news, insider Abigail Marshall Diaz-Pedrosa bought 610 shares of Tyler Technologies stock in a transaction that occurred on Friday, February 20th. The stock was purchased at an average cost of $325.08 per share, for a total transaction of $198,298.80. Following the acquisition, the insider owned 1,123 shares in the company, valued at $365,064.84. This trade represents a 118.91% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Brian K. Miller sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $458.65, for a total value of $458,650.00. Following the sale, the chief financial officer directly owned 16,148 shares of the company’s stock, valued at $7,406,280.20. The trade was a 5.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 2,500 shares of company stock valued at $1,136,525 over the last 90 days. 1.10% of the stock is currently owned by insiders.

Tyler Technologies Trading Up 5.4%

Shares of NYSE:TYL opened at $353.21 on Friday. The stock has a market capitalization of $15.18 billion, a PE ratio of 49.06, a P/E/G ratio of 2.24 and a beta of 0.91. Tyler Technologies, Inc. has a 1 year low of $283.71 and a 1 year high of $626.56. The firm has a fifty day moving average price of $399.55 and a 200 day moving average price of $469.91.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, February 11th. The technology company reported $2.64 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.07). Tyler Technologies had a net margin of 13.53% and a return on equity of 10.42%. The company had revenue of $575.18 million for the quarter, compared to the consensus estimate of $591.09 million. During the same quarter last year, the business earned $2.43 earnings per share. Tyler Technologies’s quarterly revenue was up 6.3% on a year-over-year basis. On average, sell-side analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Tyler Technologies Company Profile

Tyler Technologies, Inc is a provider of software and technology services for the public sector, delivering integrated systems that help government and public agencies manage operations, finances and citizen services. Headquartered in Plano, Texas, the company focuses on developing and implementing solutions for local and state governments, school districts, courts and public safety organizations. Its offerings are aimed at modernizing administrative workflows, improving transparency and enabling digital interactions between governments and the communities they serve.

Tyler’s product portfolio spans enterprise resource planning and financial management, tax and billing systems, court case and records management, public safety solutions (including computer-aided dispatch and records management), land and property management, permitting and licensing, and enterprise asset management.