Geneva Capital Management LLC Has $132.19 Million Position in Tyler Technologies, Inc. (NYSE:TYL)

Geneva Capital Management LLC lifted its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 1.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 226,458 shares of the technology company’s stock after buying an additional 2,252 shares during the quarter. Tyler Technologies comprises about 2.2% of Geneva Capital Management LLC’s portfolio, making the stock its 12th largest holding. Geneva Capital Management LLC owned approximately 0.53% of Tyler Technologies worth $132,188,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Oppenheimer raised their target price on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Evercore ISI raised shares of Tyler Technologies to a “hold” rating in a report on Friday, July 26th. Barclays lifted their price target on shares of Tyler Technologies from $700.00 to $705.00 and gave the company an “overweight” rating in a report on Friday, October 25th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $627.00 price target on shares of Tyler Technologies in a report on Friday, September 13th. Finally, BTIG Research lifted their price target on shares of Tyler Technologies from $550.00 to $630.00 and gave the company a “buy” rating in a report on Friday, July 26th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $642.62.

Insider Transactions at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 6,250 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $605.82, for a total value of $3,786,375.00. Following the completion of the sale, the chief executive officer now owns 75,000 shares in the company, valued at $45,436,500. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CFO Brian K. Miller sold 2,500 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $586.97, for a total value of $1,467,425.00. Following the transaction, the chief financial officer now directly owns 11,950 shares of the company’s stock, valued at approximately $7,014,291.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at $45,436,500. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,100 shares of company stock worth $17,746,270 in the last quarter. 2.20% of the stock is currently owned by corporate insiders.

Tyler Technologies Stock Up 0.5 %

TYL stock traded up $3.37 during midday trading on Tuesday, reaching $616.60. 46,690 shares of the company’s stock traded hands, compared to its average volume of 228,788. The company has a market cap of $26.39 billion, a price-to-earnings ratio of 111.88, a P/E/G ratio of 5.62 and a beta of 0.77. The firm’s fifty day moving average price is $591.43 and its 200-day moving average price is $543.44. 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 52 week low of $397.80 and a 52 week high of $631.43.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, beating 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 business had revenue of $543.34 million during the quarter, compared to analyst estimates of $547.34 million. During the same quarter in the previous year, the business posted $1.66 EPS. Tyler Technologies’s quarterly revenue was up 9.8% on a year-over-year basis. As a group, sell-side analysts forecast that Tyler Technologies, Inc. will post 7.39 earnings per share for the current fiscal year.

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.