Conestoga Capital Advisors LLC Has $55.69 Million Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Conestoga Capital Advisors LLC lifted its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 7.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 95,781 shares of the technology company's stock after buying an additional 6,615 shares during the quarter. Conestoga Capital Advisors LLC owned about 0.22% of Tyler Technologies worth $55,686,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of TYL. Adage Capital Partners GP L.L.C. increased its holdings in shares of Tyler Technologies by 20.7% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 42,500 shares of the technology company's stock valued at $24,507,000 after acquiring an additional 7,300 shares in the last quarter. Kensington Investment Counsel LLC grew its position in Tyler Technologies by 0.8% in the 4th quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company's stock valued at $1,439,000 after purchasing an additional 20 shares during the period. CX Institutional bought a new stake in Tyler Technologies during the 1st quarter valued at $176,000. EP Wealth Advisors LLC raised its holdings in Tyler Technologies by 268.5% during the fourth quarter. EP Wealth Advisors LLC now owns 1,861 shares of the technology company's stock worth $1,073,000 after buying an additional 1,356 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Tyler Technologies in the fourth quarter valued at $33,584,000. Institutional investors and hedge funds own 93.30% of the company's stock.

Tyler Technologies Stock Performance

NYSE:TYL opened at $589.27 on Tuesday. The company has a market capitalization of $25.41 billion, a P/E ratio of 97.24, a P/E/G ratio of 4.93 and a beta of 0.84. The business has a fifty day simple moving average of $565.56 and a two-hundred day simple moving average of $583.99. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. Tyler Technologies, Inc. has a 1 year low of $458.50 and a 1 year high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.22. Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. The company had revenue of $562.43 million during the quarter, compared to analyst estimates of $556.45 million. During the same quarter last year, the firm posted $2.20 EPS. The firm's revenue for the quarter was up 10.3% on a year-over-year basis. On average, analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Insider Activity at Tyler Technologies

In other news, insider Abigail Marshall Diaz-Pedrosa sold 375 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $573.60, for a total value of $215,100.00. Following the completion of the transaction, the insider now directly owns 247 shares in the company, valued at approximately $141,679.20. This trade represents a 60.29% 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, insider John S. Marr, Jr. sold 5,000 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $558.86, for a total transaction of $2,794,300.00. Following the transaction, the insider now directly owns 6,983 shares of the company's stock, valued at approximately $3,902,519.38. This represents a 41.73% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,300 shares of company stock worth $14,480,366. Corporate insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

TYL has been the topic of a number of analyst reports. Cantor Fitzgerald began coverage on shares of Tyler Technologies in a report on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 target price on the stock. Robert W. Baird lowered their price objective on Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Barclays cut their target price on Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Wall Street Zen cut Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Finally, Piper Sandler dropped their price target on shares of Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $680.50.

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.

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