Thompson Siegel & Walmsley LLC Has $6.04 Million Position in Tyler Technologies, Inc. (NYSE:TYL)

Thompson Siegel & Walmsley LLC lifted its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 23.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 12,019 shares of the technology company’s stock after purchasing an additional 2,319 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Tyler Technologies were worth $6,043,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TYL. Independence Bank of Kentucky bought a new position in Tyler Technologies in the second quarter valued at approximately $25,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Tyler Technologies during the fourth quarter worth $26,000. Covestor Ltd lifted its position in Tyler Technologies by 153.6% in the 1st 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. boosted its stake in Tyler Technologies by 329.4% in the 2nd quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock worth $37,000 after purchasing an additional 56 shares during the period. Finally, Lynx Investment Advisory bought a new position in Tyler Technologies during the 2nd quarter worth about $38,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Tyler Technologies Price Performance

Shares of NYSE TYL opened at $581.96 on Monday. 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 business’s 50 day moving average price is $564.01 and its two-hundred day moving average price is $492.95. Tyler Technologies, Inc. has a twelve month low of $361.16 and a twelve month high of $598.93. The company has a market cap of $24.83 billion, a PE ratio of 131.67, a price-to-earnings-growth ratio of 5.39 and a beta of 0.78.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, July 24th. The technology company reported $2.40 EPS for the quarter, topping the consensus estimate of $2.34 by $0.06. The business had revenue of $540.98 million during the quarter, compared to the consensus estimate of $541.01 million. Tyler Technologies had a net margin of 10.24% and a return on equity of 9.66%. Tyler Technologies’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.53 EPS. On average, analysts predict that Tyler Technologies, Inc. will post 7.21 EPS for the current year.

Insider Activity

In related news, CEO H Lynn Moore, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $590.98, for a total transaction of $2,954,900.00. Following the completion of the sale, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $44,323,500. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Tyler Technologies news, Director Daniel M. Pope sold 275 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $578.26, for a total transaction of $159,021.50. Following the completion of the transaction, the director now directly owns 3,218 shares in the company, valued at $1,860,840.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO H Lynn Moore, Jr. sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $590.98, for a total value of $2,954,900.00. Following the sale, the chief executive officer now owns 75,000 shares of the company’s stock, valued at $44,323,500. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,375 shares of company stock valued at $14,166,639. 2.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TYL. Oppenheimer boosted their price target on Tyler Technologies from $550.00 to $625.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Evercore ISI upgraded Tyler Technologies to a “hold” rating in a research note on Friday, July 26th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $627.00 price target on shares of Tyler Technologies in a research report on Friday. JMP Securities lifted their price objective on shares of Tyler Technologies from $490.00 to $580.00 and gave the company a “market outperform” rating in a report on Monday, July 22nd. Finally, Loop Capital raised their target price on shares of Tyler Technologies from $485.00 to $530.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $582.31.

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.