Amundi Raises Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

Amundi lifted its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 25.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 159,636 shares of the technology company's stock after acquiring an additional 32,423 shares during the period. Amundi owned 0.37% of Tyler Technologies worth $91,826,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TYL. Geode Capital Management LLC increased its holdings in Tyler Technologies by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,108,908 shares of the technology company's stock valued at $645,585,000 after acquiring an additional 24,284 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Tyler Technologies by 2.0% during the third quarter. Franklin Resources Inc. now owns 912,746 shares of the technology company's stock valued at $547,354,000 after purchasing an additional 17,943 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Tyler Technologies by 4.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 904,175 shares of the technology company's stock worth $527,785,000 after purchasing an additional 36,066 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Tyler Technologies by 1,991.8% in the fourth quarter. Van ECK Associates Corp now owns 550,580 shares of the technology company's stock worth $317,486,000 after buying an additional 524,259 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Tyler Technologies by 148.2% during the third quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company's stock valued at $269,369,000 after buying an additional 275,511 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company's stock.

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Analysts Set New Price Targets

Several brokerages have recently issued reports on TYL. The Goldman Sachs Group upped their price objective on Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Needham & Company LLC reaffirmed a "buy" rating and set a $700.00 price target on shares of Tyler Technologies in a research note on Tuesday, January 21st. Wells Fargo & Company restated an "equal weight" rating and set a $615.00 target price (down from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. StockNews.com cut Tyler Technologies from a "buy" rating to a "hold" rating in a report on Monday, February 24th. Finally, Piper Sandler increased their price target on Tyler Technologies from $701.00 to $747.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Tyler Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $676.25.

Tyler Technologies Trading Up 1.9 %

TYL traded up $10.40 during trading on Friday, hitting $563.81. 290,602 shares of the stock were exchanged, compared to its average volume of 240,048. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. The firm has a 50 day simple moving average of $598.95 and a 200 day simple moving average of $598.28. The firm has a market cap of $24.25 billion, a price-to-earnings ratio of 93.04, a P/E/G ratio of 4.93 and a beta of 0.80. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its earnings results on Wednesday, February 12th. The technology company reported $1.87 EPS for the quarter, missing analysts' consensus estimates of $2.44 by ($0.57). Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. As a group, equities analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insider Transactions at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 6,514 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the transaction, the chief executive officer now directly owns 75,734 shares of the company's stock, valued at $46,772,561.06. This represents a 7.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the completion of the transaction, the insider now directly owns 6,983 shares of the company's stock, valued at $4,322,477. The trade was a 46.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 14,064 shares of company stock valued at $8,688,030. Corporate insiders own 2.20% of the company's stock.

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.