As Tyler Technologies (TYL) Stock Rose, Shareholder Stockbridge Partners Has Decreased Its Stake by $4.20 Million; Progressive Ohio (PGR) Holder Prospector Partners Cut Holding by $2.38 Million as Valuation Rose

February 13, 2018 - By Vivian Park

Sharlyn C. Heslam decreased its stake in Tyler Technologies Inc (TYL) by 4.1% based on its latest 2017Q3 regulatory filing with the SEC. Stockbridge Partners Llc sold 24,147 shares as the company’s stock rose 9.81% with the market. The hedge fund run by Sharlyn C. Heslam held 564,385 shares of the technology company at the end of 2017Q3, valued at $98.38M, down from 588,532 at the end of the previous reported quarter. Stockbridge Partners Llc who had been investing in Tyler Technologies Inc for a number of months, seems to be less bullish one the $7.21 billion market cap company. The stock decreased 0.07% or $0.14 during the last trading session, reaching $191.83. About 24,913 shares traded. Tyler Technologies, Inc. (NYSE:TYL) has risen 17.20% since February 13, 2017 and is uptrending. It has outperformed by 0.50% the S&P500.

Prospector Partners Llc decreased its stake in Progressive Corp Ohio (PGR) by 25.38% based on its latest 2017Q3 regulatory filing with the SEC. Prospector Partners Llc sold 49,600 shares as the company’s stock rose 6.56% with the market. The institutional investor held 145,800 shares of the property-casualty insurers company at the end of 2017Q3, valued at $7.06M, down from 195,400 at the end of the previous reported quarter. Prospector Partners Llc who had been investing in Progressive Corp Ohio for a number of months, seems to be less bullish one the $30.61B market cap company. The stock increased 0.46% or $0.24 during the last trading session, reaching $52.62. About 1.06M shares traded. The Progressive Corporation (NYSE:PGR) has risen 26.23% since February 13, 2017 and is uptrending. It has outperformed by 9.53% the S&P500.

Analysts await Tyler Technologies, Inc. (NYSE:TYL) to report earnings on February, 14. They expect $0.89 earnings per share, up 17.11% or $0.13 from last year’s $0.76 per share. TYL’s profit will be $33.44 million for 53.88 P/E if the $0.89 EPS becomes a reality. After $0.89 actual earnings per share reported by Tyler Technologies, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment decreased to 1.41 in Q3 2017. Its down 0.22, from 1.63 in 2017Q2. It dived, as 26 investors sold TYL shares while 66 reduced holdings. 37 funds opened positions while 93 raised stakes. 33.89 million shares or 0.87% more from 33.60 million shares in 2017Q2 were reported. Victory Mgmt reported 90,872 shares or 0.04% of all its holdings. 2,550 were accumulated by Jefferies. Public Employees Retirement Systems Of Ohio accumulated 79,239 shares or 0.07% of the stock. Winfield Assoc Inc has 5 shares for 0% of their portfolio. Lord Abbett Company Lc has 20,690 shares. Texas Yale Cap Corp holds 0.22% of its portfolio in Tyler Technologies, Inc. (NYSE:TYL) for 14,615 shares. Alliancebernstein Ltd Partnership stated it has 0.07% in Tyler Technologies, Inc. (NYSE:TYL). Ny State Teachers Retirement System holds 59,514 shares or 0.03% of its portfolio. Cubist Systematic Strategies Limited Liability Corporation owns 2,545 shares or 0.02% of their US portfolio. 23,935 were accumulated by Oppenheimer Asset Mgmt. Nbw Cap Ltd Liability Corp invested 1.56% in Tyler Technologies, Inc. (NYSE:TYL). Thrivent For Lutherans stated it has 0.09% of its portfolio in Tyler Technologies, Inc. (NYSE:TYL). Eulav Asset owns 106,358 shares or 0.88% of their US portfolio. Teton Advsrs Incorporated stated it has 0.06% of its portfolio in Tyler Technologies, Inc. (NYSE:TYL). Wcm Investment Mngmt Ca reported 0.58% in Tyler Technologies, Inc. (NYSE:TYL).

Among 12 analysts covering Tyler Technologies (NYSE:TYL), 11 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. Tyler Technologies had 42 analyst reports since July 21, 2015 according to SRatingsIntel. On Friday, July 29 the stock rating was maintained by Benchmark with “Buy”. Citigroup initiated the stock with “Buy” rating in Friday, September 22 report. The firm has “Buy” rating by Benchmark given on Thursday, October 1. Maxim Group maintained it with “Buy” rating and $201 target in Thursday, February 18 report. The stock has “Buy” rating by Piper Jaffray on Thursday, October 26. The firm has “Buy” rating by Maxim Group given on Thursday, April 28. The rating was upgraded by Maxim Group to “Buy” on Thursday, October 1. The stock of Tyler Technologies, Inc. (NYSE:TYL) has “Buy” rating given on Thursday, October 26 by Northland Capital. KeyBanc Capital Markets maintained the shares of TYL in report on Thursday, October 5 with “Buy” rating. The rating was maintained by Northland Capital on Thursday, July 23 with “Outperform”.

Since August 14, 2017, it had 0 insider buys, and 20 insider sales for $60.35 million activity. WOMBLE DUSTIN R sold $5.92 million worth of stock. $4.19M worth of stock was sold by MARR JOHN S JR on Wednesday, August 23. MOORE H LYNN JR sold $1.08M worth of stock. King Luther Jr had sold 1,500 shares worth $265,425. Another trade for 5,000 shares valued at $858,150 was sold by MILLER BRIAN K. Another trade for 4,100 shares valued at $705,200 was sold by BRATTAIN DONALD R.

Stockbridge Partners Llc, which manages about $1.82 billion and $1.99 billion US Long portfolio, upped its stake in Mplx Lp (NYSE:MPLX) by 364,351 shares to 5.50M shares, valued at $192.47M in 2017Q3, according to the filing.

Among 19 analysts covering Progressive (NYSE:PGR), 9 have Buy rating, 2 Sell and 8 Hold. Therefore 47% are positive. Progressive had 56 analyst reports since August 6, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained the shares of PGR in report on Sunday, July 23 with “Buy” rating. Wells Fargo maintained the stock with “Hold” rating in Thursday, August 3 report. The firm has “Sell” rating given on Monday, November 16 by Goldman Sachs. The rating was upgraded by Keefe Bruyette & Woods on Friday, September 16 to “Mkt Perform”. The stock of The Progressive Corporation (NYSE:PGR) has “Buy” rating given on Tuesday, September 19 by UBS. The firm has “Neutral” rating by Citigroup given on Friday, October 14. Bank of America upgraded the shares of PGR in report on Monday, March 20 to “Buy” rating. The firm has “Strong Buy” rating given on Thursday, July 13 by Raymond James. The firm has “Sell” rating by Goldman Sachs given on Thursday, March 17. The firm earned “Underperform” rating on Friday, November 6 by Credit Suisse.

Since August 17, 2017, it had 0 buys, and 3 insider sales for $788,383 activity. $60,913 worth of stock was sold by Broz Steven on Wednesday, August 23. 50,000 shares valued at $2.43 million were sold by Sauerland John P on Thursday, August 17. Griffith Susan Patricia sold $1.70M worth of stock or 35,000 shares. On Wednesday, October 18 BASCH JEFFREY W sold $434,070 worth of The Progressive Corporation (NYSE:PGR) or 9,000 shares.

Investors sentiment decreased to 1.07 in 2017 Q3. Its down 0.12, from 1.19 in 2017Q2. It turned negative, as 43 investors sold PGR shares while 189 reduced holdings. 63 funds opened positions while 185 raised stakes. 447.86 million shares or 0.41% less from 449.71 million shares in 2017Q2 were reported. Atlantic Grp Ltd Liability Corp has invested 0.01% of its portfolio in The Progressive Corporation (NYSE:PGR). Returns Management Ltd has invested 3.94% in The Progressive Corporation (NYSE:PGR). Acadian Asset Mngmt Ltd Company holds 18 shares or 0% of its portfolio. Counselors stated it has 48,997 shares. Bridgewater Assocs LP reported 28,131 shares stake. Moreover, Fjarde Ap has 0.13% invested in The Progressive Corporation (NYSE:PGR) for 139,470 shares. Public Sector Pension Board holds 0.01% of its portfolio in The Progressive Corporation (NYSE:PGR) for 64,067 shares. Wellington Mngmt Limited Liability Partnership holds 70,710 shares. Wetherby Asset stated it has 0.12% in The Progressive Corporation (NYSE:PGR). Smith Asset Mngmt Group LP stated it has 796,160 shares or 1.29% of all its holdings. Andra Ap holds 268,400 shares. Whittier Trust Of Nevada Inc has 850 shares. Fayez Sarofim And Co holds 0% or 4,963 shares. Winfield Associates holds 0.15% in The Progressive Corporation (NYSE:PGR) or 5,810 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Mgmt Corp holds 449,900 shares or 0.2% of its portfolio.

Prospector Partners Llc, which manages about $2.43B and $659.58 million US Long portfolio, upped its stake in Bb&T Corp (Call) (NYSE:BBT) by 20,000 shares to 40,000 shares, valued at $1.88 million in 2017Q3, according to the filing. It also increased its holding in Del Friscos Restaurant Group (NASDAQ:DFRG) by 26,900 shares in the quarter, for a total of 365,800 shares, and has risen its stake in Buffalo Wild Wings Inc (NASDAQ:BWLD).

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By1 Vivian Park

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