Geneva Capital Management LLC Sells 1,085 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Geneva Capital Management LLC cut its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 228,112 shares of the technology company’s stock after selling 1,085 shares during the quarter. Tyler Technologies accounts for approximately 1.8% of Geneva Capital Management LLC’s holdings, making the stock its 16th largest position. Geneva Capital Management LLC’s holdings in Tyler Technologies were worth $95,378,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Tyler Technologies during the 4th quarter valued at $31,000. Headlands Technologies LLC purchased a new stake in Tyler Technologies during the 4th quarter valued at $40,000. Lindbrook Capital LLC raised its stake in Tyler Technologies by 50.6% during the 4th quarter. Lindbrook Capital LLC now owns 116 shares of the technology company’s stock valued at $49,000 after buying an additional 39 shares during the last quarter. Chilton Capital Management LLC purchased a new stake in shares of Tyler Technologies in the 4th quarter worth $52,000. Finally, Column Capital Advisors LLC increased its stake in shares of Tyler Technologies by 50.5% in the 3rd quarter. Column Capital Advisors LLC now owns 146 shares of the technology company’s stock worth $56,000 after purchasing an additional 49 shares in the last quarter. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tyler Technologies

In other news, Director Brenda A. Cline sold 5,000 shares of Tyler Technologies stock in a transaction on Monday, April 29th. The shares were sold at an average price of $458.83, for a total transaction of $2,294,150.00. Following the completion of the sale, the director now directly owns 1,358 shares in the company, valued at $623,091.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Brenda A. Cline sold 5,000 shares of Tyler Technologies stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $458.83, for a total transaction of $2,294,150.00. Following the completion of the sale, the director now owns 1,358 shares of the company’s stock, valued at $623,091.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO H Lynn Moore, Jr. sold 10,000 shares of Tyler Technologies stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $435.98, for a total transaction of $4,359,800.00. Following the sale, the chief executive officer now owns 75,000 shares of the company’s stock, valued at $32,698,500. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 63,529 shares of company stock worth $28,040,672. Insiders own 1.50% of the company’s stock.

Tyler Technologies Trading Up 0.2 %

Shares of NYSE:TYL traded up $0.82 during trading on Thursday, reaching $481.84. 176,287 shares of the company were exchanged, compared to its average volume of 214,443. The firm has a market capitalization of $20.46 billion, a PE ratio of 108.60, a P/E/G ratio of 4.38 and a beta of 0.76. The business’s fifty day simple moving average is $428.17 and its 200-day simple moving average is $420.40. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.94 and a quick ratio of 0.94. Tyler Technologies, Inc. has a 12-month low of $361.16 and a 12-month high of $485.40.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, February 14th. The technology company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. The company had revenue of $480.94 million for the quarter, compared to analyst estimates of $483.34 million. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. On average, research analysts anticipate that Tyler Technologies, Inc. will post 7.14 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on TYL. Needham & Company LLC restated a “buy” rating and issued a $500.00 price objective on shares of Tyler Technologies in a research note on Thursday, April 25th. Oppenheimer upped their price objective on Tyler Technologies from $480.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. JPMorgan Chase & Co. upped their target price on shares of Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. JMP Securities reaffirmed a “market outperform” rating and issued a $490.00 target price on shares of Tyler Technologies in a report on Friday, April 26th. Finally, DA Davidson increased their price target on shares of Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $492.22.

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.