Conestoga Capital Advisors LLC Increases Investment in Tyler Technologies, Inc.

Conestoga Capital Advisors LLC has raised its investment in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 1.3% during the fourth quarter, as revealed in its recent 13F filing with the SEC. The firm now holds 89,166 shares of the technology company after acquiring an additional 1,135 shares during this period. As per the latest filing, Conestoga Capital Advisors LLC's stake in Tyler Technologies is valued at approximately $51,417,000, which represents about 0.21% of the company.

Several other hedge funds have also recently adjusted their holdings in Tyler Technologies. For example, Oak Thistle LLC increased its shares in the technology firm by 213.7% in the fourth quarter and now owns 2,328 shares, valued at around $1,342,000 after buying an additional 1,586 shares. Aigen Investment Management LP established a new position in Tyler Technologies valued at approximately $1,309,000 during the third quarter, while Maiden Cove Capital LLC purchased shares worth $583,000. Assetmark Inc. increased its stake by 9.4%, now owning 9,910 shares valued at $5,785,000. B. Metzler seel. Sohn & Co. Holding AG also made a new investment in Tyler Technologies in the third quarter, valued at $569,000. Notably, hedge funds and institutional investors collectively control 93.30% of the company’s stock.

Analyst Ratings and Reviews

Various equity research analysts have provided updates regarding Tyler Technologies. Piper Sandler has raised their price target from $625.00 to $701.00 and assigned the company an "overweight" rating. DA Davidson maintained a "neutral" rating with a price target of $575.00. StockNews.com downgraded shares from a "buy" to a "hold" rating. Robert W. Baird also increased its target from $625.00 to $700.00, giving the stock an "outperform" rating. Needham & Company LLC reaffirmed a "buy" rating with a target price of $700.00. In total, four analysts have a hold rating on the stock, while eleven have issued a buy rating. MarketBeat indicates that Tyler Technologies holds a consensus rating of "Moderate Buy" along with a consensus price target of $645.69.

Insider Activity in Tyler Technologies

In related news, insider John S. Marr, Jr. sold 12,000 shares in a transaction on November 25th, generating about $7,363,920 at an average price of $613.66 per share. After this sale, Marr now owns 6,983 shares valued at roughly $4,285,187.78, marking a decrease of 63.21% in his holding. Additionally, CFO Brian K. Miller sold 6,752 shares on December 13th at an average price of $613.75, totaling around $4,144,040. Following this transaction, he possesses 11,918 shares valued at approximately $7,314,672.50, representing a decrease of 36.16% in his stake. Within the past ninety days, company insiders have sold a total of 42,252 shares worth $26,096,928, with insiders currently holding just 1.50% of total stock.

Current Stock Performance

On Monday, Tyler Technologies stock opened at $602.04. The stock has a 50-day moving average of $598.48 and a 200-day moving average of $589.71. Currently, the company has a market capitalization of $25.77 billion, a PE ratio of 109.86, and a price-to-earnings-growth ratio of 4.67, with a beta of 0.78. The debt-to-equity ratio stands at 0.18, alongside a current and quick ratio of 1.21. Over the past year, the stock reached a low of $397.80 and a high of $638.56.

About Tyler Technologies

Tyler Technologies, Inc. offers integrated information management solutions and services specifically designed for the public sector. The company operates in two key segments: Enterprise Software and Platform Technologies. Tyler Technologies provides a range of platform solutions including cybersecurity for government agencies, data analytics, digital solutions for effective communication and data sharing, payment systems, application development platforms, and outdoor recreation management solutions.

Investment, Technology, Analysis