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

TD Asset Management Inc grew its position in Tyler Technologies, Inc. (NYSE:TYL) by 9.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 151,542 shares of the technology company’s stock after acquiring an additional 12,666 shares during the quarter. TD Asset Management Inc owned approximately 0.35% of Tyler Technologies worth $79,281,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the business. DLD Asset Management LP bought a new stake in shares of Tyler Technologies during the 2nd quarter valued at about $5,780,190,000. Vanguard Group Inc. lifted its holdings in Tyler Technologies by 4.2% in the third quarter. Vanguard Group Inc. now owns 5,805,036 shares of the technology company’s stock worth $3,036,963,000 after acquiring an additional 234,916 shares during the last quarter. State Street Corp boosted its stake in Tyler Technologies by 4.5% in the second quarter. State Street Corp now owns 1,913,672 shares of the technology company’s stock valued at $1,134,501,000 after acquiring an additional 81,679 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Tyler Technologies by 11.4% during the third quarter. Principal Financial Group Inc. now owns 1,410,640 shares of the technology company’s stock valued at $738,010,000 after purchasing an additional 144,612 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Tyler Technologies by 2.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,206,406 shares of the technology company’s stock worth $713,144,000 after purchasing an additional 30,686 shares during the period. 93.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TYL shares. Robert W. Baird set a $440.00 price objective on Tyler Technologies in a research report on Friday, February 13th. Oppenheimer dropped their price objective on shares of Tyler Technologies from $510.00 to $450.00 and set an “outperform” rating on the stock in a report on Friday, February 13th. Stifel Nicolaus cut their price target on Tyler Technologies from $550.00 to $400.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Wells Fargo & Company reduced their price target on Tyler Technologies from $420.00 to $335.00 and set an “equal weight” rating for the company in a research report on Friday, February 13th. Finally, Barclays lowered their target price on shares of Tyler Technologies from $715.00 to $410.00 and set an “overweight” rating on the stock in a research note on Friday, February 13th. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Tyler Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $467.54.

Insider Buying and Selling

In other news, Director Glenn A. Carter sold 500 shares of Tyler Technologies stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $458.73, for a total value of $229,365.00. Following the transaction, the director directly owned 3,172 shares of the company’s stock, valued at $1,455,091.56. This trade represents a 13.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Abigail Marshall Diaz-Pedrosa purchased 610 shares of Tyler Technologies stock in a transaction that occurred on Friday, February 20th. The stock was purchased at an average price of $325.08 per share, with a total value of $198,298.80. Following the transaction, the insider owned 1,123 shares in the company, valued at $365,064.84. This represents a 118.91% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders sold 2,500 shares of company stock worth $1,136,525. Company insiders own 1.10% of the company’s stock.

Tyler Technologies Stock Performance

Tyler Technologies stock opened at $353.21 on Friday. The firm has a market cap of $15.18 billion, a price-to-earnings ratio of 49.06, a price-to-earnings-growth 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’s 50 day moving average price is $399.55 and its two-hundred day moving average price is $469.91.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data 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). The company had revenue of $575.18 million for the quarter, compared to the consensus estimate of $591.09 million. Tyler Technologies had a return on equity of 10.42% and a net margin of 13.53%.The business’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.43 earnings per share. As a group, equities analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Tyler Technologies 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.