Bank of Montreal Can Has $19.34 Million Stake in Tyler Technologies, Inc. (NYSE:TYL)

Bank of Montreal Can trimmed its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 11.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,543 shares of the technology company's stock after selling 4,283 shares during the period. Bank of Montreal Can owned 0.08% of Tyler Technologies worth $19,342,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cerity Partners LLC boosted its position in shares of Tyler Technologies by 13.1% during the fourth quarter. Cerity Partners LLC now owns 4,350 shares of the technology company's stock worth $2,528,000 after buying an additional 503 shares during the period. Federated Hermes Inc. boosted its position in Tyler Technologies by 3.0% during the 4th quarter. Federated Hermes Inc. now owns 218,574 shares of the technology company's stock worth $126,039,000 after acquiring an additional 6,368 shares during the period. Aviva PLC grew its stake in shares of Tyler Technologies by 482.0% in the fourth quarter. Aviva PLC now owns 25,672 shares of the technology company's stock worth $14,804,000 after purchasing an additional 21,261 shares in the last quarter. Oarsman Capital Inc. increased its holdings in shares of Tyler Technologies by 1.5% during the fourth quarter. Oarsman Capital Inc. now owns 4,008 shares of the technology company's stock valued at $2,311,000 after purchasing an additional 58 shares during the period. Finally, Resona Asset Management Co. Ltd. bought a new stake in shares of Tyler Technologies during the fourth quarter valued at about $10,184,000. 93.30% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $619.00, for a total value of $3,714,000.00. Following the transaction, the insider now owns 6,983 shares in the company, valued at $4,322,477. The trade was a 46.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total value of $4,022,981.26. Following the sale, the chief executive officer now directly owns 75,734 shares of the company's stock, valued at $46,772,561.06. This trade represents a 7.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,064 shares of company stock worth $8,688,030. 2.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

TYL has been the subject of a number of recent analyst reports. Truist Financial reiterated a "buy" rating and issued a $775.00 target price (up previously from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. StockNews.com lowered shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Friday. Wells Fargo & Company restated an "equal weight" rating and issued a $615.00 target price (down from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. Piper Sandler lifted their price target on Tyler Technologies from $701.00 to $747.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Finally, Needham & Company LLC restated a "buy" rating and issued a $700.00 price objective on shares of Tyler Technologies in a report on Tuesday, January 21st. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $675.00.

Tyler Technologies Trading Up 1.1 %

Shares of Tyler Technologies stock traded up $6.51 during trading on Tuesday, hitting $578.32. The stock had a trading volume of 192,805 shares, compared to its average volume of 253,042. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $24.93 billion, a PE ratio of 95.43, a P/E/G ratio of 4.93 and a beta of 0.84. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year high of $661.31. The stock has a 50 day simple moving average of $588.47 and a 200 day simple moving average of $595.45.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. On average, research analysts expect that Tyler Technologies, Inc. will post 8.52 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.