Tyler Technologies, Inc. (NYSE:TYL) Shares Purchased by TD Asset Management Inc

TD Asset Management Inc boosted its stake in Tyler Technologies, Inc. (NYSE:TYL) by 11.9% in the second quarter, Holdings Channel.com reports. The fund owned 155,981 shares of the technology company’s stock after buying an additional 16,602 shares during the quarter. TD Asset Management Inc’s holdings in Tyler Technologies were worth $78,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of TYL. Commonwealth Equity Services LLC lifted its holdings in shares of Tyler Technologies by 119.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 6,517 shares of the technology company’s stock valued at $2,770,000 after purchasing an additional 3,544 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of Tyler Technologies by 39.4% in the first quarter. Bessemer Group Inc. now owns 6,840 shares of the technology company’s stock valued at $2,906,000 after acquiring an additional 1,935 shares during the period. Rafferty Asset Management LLC grew its position in shares of Tyler Technologies by 26.8% during the fourth quarter. Rafferty Asset Management LLC now owns 13,972 shares of the technology company’s stock worth $5,842,000 after acquiring an additional 2,951 shares during the last quarter. APG Asset Management US Inc. acquired a new position in shares of Tyler Technologies in the 4th quarter valued at $57,493,000. Finally, State Board of Administration of Florida Retirement System increased its holdings in shares of 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 acquiring an additional 3,198 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Stock Down 0.5 %

TYL stock opened at $581.16 on Friday. The company has a market cap of $24.67 billion, a P/E ratio of 131.48, a P/E/G ratio of 5.44 and a beta of 0.78. Tyler Technologies, Inc. has a 52 week low of $361.16 and a 52 week high of $593.50. The company’s 50-day moving average price is $556.07 and its 200 day moving average price is $487.33. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.19.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.06. The firm had revenue of $540.98 million for 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%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.53 earnings per share. On average, research analysts expect that Tyler Technologies, Inc. will post 7.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. BTIG Research lifted their price objective on shares of Tyler Technologies from $550.00 to $630.00 and gave the company a “buy” rating in a research note on Friday, July 26th. JMP Securities lifted their target price on Tyler Technologies from $490.00 to $580.00 and gave the company a “market outperform” rating in a research note on Monday, July 22nd. DA Davidson increased their price target on Tyler Technologies from $456.00 to $525.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Evercore ISI raised shares of Tyler Technologies to a “hold” rating in a research note on Friday, July 26th. Finally, Piper Sandler upped their price objective on shares of Tyler Technologies from $529.00 to $625.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Tyler Technologies has a consensus rating of “Moderate Buy” and an average target price of $582.31.

Insider Buying and Selling

In related news, CEO H Lynn Moore, Jr. sold 6,250 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $576.49, for a total transaction of $3,603,062.50. Following the sale, the chief executive officer now owns 75,000 shares of the company’s stock, valued at $43,236,750. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,250 shares of Tyler Technologies stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $576.49, for a total transaction of $3,603,062.50. Following the completion of the transaction, the chief executive officer now owns 75,000 shares in the company, valued at $43,236,750. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Brian K. Miller sold 2,500 shares of Tyler Technologies stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $586.97, for a total transaction of $1,467,425.00. Following the transaction, the chief financial officer now owns 11,950 shares of the company’s stock, valued at approximately $7,014,291.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,825 shares of company stock valued at $9,643,553. Corporate insiders own 2.20% of the company’s stock.

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.