Conestoga Capital Advisors LLC Acquires 690 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Conestoga Capital Advisors LLC grew its stake in Tyler Technologies, Inc. (NYSE:TYL) by 0.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 88,031 shares of the technology company’s stock after buying an additional 690 shares during the period. Conestoga Capital Advisors LLC’s holdings in Tyler Technologies were worth $51,385,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Tyler Technologies by 1.1% in the first quarter. Vanguard Group Inc. now owns 5,022,053 shares of the technology company’s stock valued at $2,134,423,000 after purchasing an additional 53,005 shares in the last quarter. APG Asset Management N.V. boosted its holdings in Tyler Technologies by 1.4% during the 2nd quarter. APG Asset Management N.V. now owns 1,507,062 shares of the technology company’s stock valued at $706,994,000 after acquiring an additional 20,842 shares during the period. Janus Henderson Group PLC boosted its holdings in Tyler Technologies by 15.3% during the 1st quarter. Janus Henderson Group PLC now owns 532,935 shares of the technology company’s stock valued at $226,501,000 after acquiring an additional 70,801 shares during the period. Swedbank AB bought a new position in Tyler Technologies during the 2nd quarter valued at approximately $251,390,000. Finally, Blair William & Co. IL increased its position in Tyler Technologies by 0.5% during the 1st quarter. Blair William & Co. IL now owns 463,612 shares of the technology company’s stock valued at $197,040,000 after buying an additional 2,134 shares in the last quarter. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Performance

TYL stock traded up $1.05 on Friday, reaching $606.64. 43,530 shares of the company were exchanged, compared to its average volume of 227,732. Tyler Technologies, Inc. has a 12 month low of $378.56 and a 12 month high of $631.43. The stock’s fifty day moving average price is $587.48 and its 200 day moving average price is $532.08. The firm has a market capitalization of $25.96 billion, a PE ratio of 110.84, a PEG ratio of 5.55 and a beta of 0.78. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21.

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on TYL. Wells Fargo & Company lifted their target price on Tyler Technologies from $580.00 to $600.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Needham & Company LLC raised their target price on Tyler Technologies from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Truist Financial reaffirmed a “buy” rating and set a $685.00 price target (up from $600.00) on shares of Tyler Technologies in a research report on Friday, October 25th. Barclays raised their target price on Tyler Technologies from $700.00 to $705.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, Evercore ISI raised shares of Tyler Technologies to a “hold” rating in a research note on Friday, July 26th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Tyler Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $642.62.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $567.96, for a total transaction of $1,135,920.00. Following the sale, the chief financial officer now directly owns 11,950 shares of the company’s stock, valued at approximately $6,787,122. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CFO Brian K. Miller sold 2,000 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $567.96, for a total value of $1,135,920.00. Following the completion of the transaction, the chief financial officer now owns 11,950 shares of the company’s stock, valued at approximately $6,787,122. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO H Lynn Moore, Jr. sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $576.62, for a total transaction of $2,883,100.00. Following the transaction, the chief executive officer now owns 75,000 shares of the company’s stock, valued at approximately $43,246,500. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,100 shares of company stock valued at $16,890,717 over the last 90 days. 2.20% of the stock is owned by corporate insiders.

About Tyler Technologies

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.