Progressive Investment Management Corp Has $11.26 Million Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Progressive Investment Management Corp trimmed its position in Tyler Technologies, Inc. (NYSE:TYL) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,294 shares of the technology company’s stock after selling 240 shares during the quarter. Tyler Technologies makes up 2.9% of Progressive Investment Management Corp’s portfolio, making the stock its 12th biggest position. Progressive Investment Management Corp’s holdings in Tyler Technologies were worth $11,262,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TYL. Waldron Private Wealth LLC increased its stake in shares of Tyler Technologies by 3.5% in the 2nd quarter. Waldron Private Wealth LLC now owns 716 shares of the technology company’s stock valued at $360,000 after acquiring an additional 24 shares during the last quarter. FWG Holdings LLC grew its holdings in Tyler Technologies by 3.1% during the third quarter. FWG Holdings LLC now owns 910 shares of the technology company’s stock valued at $551,000 after purchasing an additional 27 shares during the period. Industrial Alliance Investment Management Inc. increased its stake in Tyler Technologies by 4.4% in the first quarter. Industrial Alliance Investment Management Inc. now owns 693 shares of the technology company’s stock valued at $295,000 after purchasing an additional 29 shares in the last quarter. George Kaiser Family Foundation raised its holdings in Tyler Technologies by 0.7% in the second quarter. George Kaiser Family Foundation now owns 4,177 shares of the technology company’s stock worth $2,100,000 after purchasing an additional 29 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Tyler Technologies by 2.3% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,377 shares of the technology company’s stock worth $804,000 after purchasing an additional 31 shares in the last quarter. 93.30% of the stock is owned by institutional investors.

Insider Transactions at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 6,250 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 75,000 shares of the company’s stock, valued at $45,436,500. This represents a 7.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian K. Miller sold 2,500 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $624.41, for a total value of $1,561,025.00. Following the completion of the transaction, the chief financial officer now owns 11,950 shares of the company’s stock, valued at $7,461,699.50. The trade was a 17.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,600 shares of company stock valued at $16,412,595. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TYL shares. BTIG Research raised their price objective on Tyler Technologies from $550.00 to $630.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Wells Fargo & Company raised their target price on shares of Tyler Technologies from $580.00 to $600.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. StockNews.com raised shares of Tyler Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Oppenheimer upped their price target on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, Piper Sandler raised their target price on shares of Tyler Technologies from $625.00 to $701.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $642.62.

Tyler Technologies Stock Down 0.4 %

TYL stock opened at $597.37 on Wednesday. The company has a market cap of $25.57 billion, a PE ratio of 109.38, a price-to-earnings-growth ratio of 5.39 and a beta of 0.77. 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. The business has a 50-day simple moving average of $594.10 and a 200 day simple moving average of $549.55.

Tyler Technologies (NYSE:TYL) last issued its quarterly 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 quarter in the prior year, the firm posted $1.66 EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. Sell-side analysts anticipate that Tyler Technologies, Inc. will post 7.39 EPS for the current fiscal year.

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.