Tyler Technologies, Inc. (NYSE:TYL) Shares Purchased by Haverford Trust Co

Haverford Trust Co raised its stake in Tyler Technologies, Inc. (NYSE:TYL) by 7.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,437 shares of the technology company’s stock after acquiring an additional 103 shares during the period. Haverford Trust Co’s holdings in Tyler Technologies were worth $839,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in TYL. Bessemer Group Inc. boosted its stake in Tyler Technologies by 39.4% during the 1st quarter. Bessemer Group Inc. now owns 6,840 shares of the technology company’s stock worth $2,906,000 after purchasing an additional 1,935 shares during the period. State Board of Administration of Florida Retirement System grew its holdings in shares of Tyler Technologies by 7.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 46,724 shares of the technology company’s stock worth $19,858,000 after buying an additional 3,198 shares during the last quarter. Natixis increased its position in Tyler Technologies by 114.0% in the 1st quarter. Natixis now owns 2,253 shares of the technology company’s stock valued at $958,000 after acquiring an additional 1,200 shares during the period. O Shaughnessy Asset Management LLC raised its stake in Tyler Technologies by 143.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,794 shares of the technology company’s stock valued at $762,000 after acquiring an additional 1,058 shares during the last quarter. Finally, Tidal Investments LLC lifted its position in Tyler Technologies by 64.8% during the 1st quarter. Tidal Investments LLC now owns 2,953 shares of the technology company’s stock worth $1,253,000 after acquiring an additional 1,161 shares during the period. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TYL shares. The Goldman Sachs Group reissued a “buy” rating and issued a $627.00 target price on shares of Tyler Technologies in a report on Friday, September 13th. JMP Securities upped their price objective on shares of Tyler Technologies from $580.00 to $700.00 and gave the stock a “market outperform” rating in a research report on Friday, October 25th. Truist Financial restated a “buy” rating and issued a $685.00 target price (up previously from $600.00) on shares of Tyler Technologies in a research note on Friday, October 25th. Wells Fargo & Company boosted their price target on shares of Tyler Technologies from $580.00 to $600.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Finally, Robert W. Baird lifted their price objective on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tyler Technologies has a consensus rating of “Moderate Buy” and an average price target of $642.62.

Insider Transactions at Tyler Technologies

In related news, Director Glenn A. Carter sold 3,350 shares of Tyler Technologies stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $582.57, for a total transaction of $1,951,609.50. Following the completion of the sale, the director now owns 2,654 shares in the company, valued at approximately $1,546,140.78. This trade represents a 55.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $590.98, for a total transaction of $2,954,900.00. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $44,323,500. This 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 valued at $19,307,295 in the last ninety days. Corporate insiders own 2.20% of the company’s stock.

Tyler Technologies Trading Down 0.4 %

Shares of TYL stock opened at $614.28 on Friday. The stock has a market cap 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. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a fifty-two week low of $397.80 and a fifty-two week high of $631.43. The business has a fifty day simple moving average of $593.46 and a 200-day simple moving average of $545.54.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.09. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The firm had revenue of $543.34 million during the quarter, compared to the consensus estimate of $547.34 million. During the same period last year, the firm posted $1.66 EPS. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, analysts forecast that Tyler Technologies, Inc. will post 7.39 earnings per share for the current fiscal year.

Tyler Technologies Profile

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.