Geneva Capital Management LLC Buys 2,252 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Geneva Capital Management LLC increased its stake in Tyler Technologies, Inc. (NYSE:TYL) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 226,458 shares of the technology company’s stock after purchasing an additional 2,252 shares during the period. Tyler Technologies makes up approximately 2.2% of Geneva Capital Management LLC’s portfolio, making the stock its 12th biggest holding. Geneva Capital Management LLC’s holdings in Tyler Technologies were worth $132,188,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Ashton Thomas Securities LLC purchased a new stake in Tyler Technologies in the third quarter worth $27,000. Independence Bank of Kentucky bought a new position in shares of Tyler Technologies during the second quarter valued at $25,000. Covestor Ltd increased its holdings in shares of 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 acquiring an additional 43 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Tyler Technologies by 329.4% during the second quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock valued at $37,000 after acquiring an additional 56 shares in the last quarter. Finally, Lynx Investment Advisory bought a new stake in Tyler Technologies in the 2nd quarter worth about $38,000. 93.30% of the stock is currently owned by institutional investors.

Tyler Technologies Trading Up 0.5 %

Shares of NYSE TYL traded up $3.37 during trading hours on Tuesday, hitting $616.60. 46,690 shares of the company traded hands, compared to its average volume of 228,788. The stock has a market capitalization of $26.39 billion, a price-to-earnings ratio of 111.88, a price-to-earnings-growth ratio of 5.62 and a beta of 0.77. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The company’s 50 day moving average price is $591.43 and its 200 day moving average price is $543.44. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $631.43.

Tyler Technologies (NYSE:TYL) last released 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. The firm had revenue of $543.34 million for the quarter, compared to the consensus estimate 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 for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.66 EPS. On average, equities research analysts anticipate that Tyler Technologies, Inc. will post 7.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TYL has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price target on Tyler Technologies from $580.00 to $600.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. BTIG Research lifted their price objective on Tyler Technologies from $550.00 to $630.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Piper Sandler lifted their price objective on Tyler Technologies from $625.00 to $701.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Needham & Company LLC lifted their price objective on Tyler Technologies from $600.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, Truist Financial reissued a “buy” rating and issued a $685.00 price target (up from $600.00) on shares of Tyler Technologies in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $642.62.

Insiders Place Their Bets

In other news, CEO H Lynn Moore, Jr. sold 6,250 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $605.82, for a total transaction of $3,786,375.00. Following the transaction, the chief executive officer now owns 75,000 shares in the company, valued at approximately $45,436,500. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider John S. Marr, Jr. sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $578.94, for a total transaction of $2,894,700.00. Following the sale, the insider now owns 6,983 shares of the company’s stock, valued at $4,042,738.02. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $605.82, for a total value of $3,786,375.00. Following the completion of the transaction, the chief executive officer now owns 75,000 shares of the company’s stock, valued at approximately $45,436,500. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,100 shares of company stock worth $17,746,270 over the last quarter. Company insiders own 2.20% of the company’s stock.

Tyler Technologies Company 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.