Candriam S.C.A. Raises Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

Candriam S.C.A. increased its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 43.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,945 shares of the technology company's stock after purchasing an additional 1,198 shares during the period. Candriam S.C.A.'s holdings in Tyler Technologies were worth $2,275,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TYL. Vestmark Advisory Solutions Inc. bought a new stake in shares of Tyler Technologies in the 4th quarter valued at about $334,000. Raymond James Financial Inc. bought a new position in shares of Tyler Technologies during the 4th quarter worth approximately $159,947,000. Cullen Frost Bankers Inc. raised its stake in shares of Tyler Technologies by 1,866.7% during the 4th quarter. Cullen Frost Bankers Inc. now owns 118 shares of the technology company's stock worth $68,000 after acquiring an additional 112 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Tyler Technologies by 1.9% during the 4th quarter. Arizona State Retirement System now owns 12,394 shares of the technology company's stock worth $7,147,000 after acquiring an additional 231 shares in the last quarter. Finally, Verdence Capital Advisors LLC raised its stake in shares of Tyler Technologies by 5.4% during the 4th quarter. Verdence Capital Advisors LLC now owns 492 shares of the technology company's stock worth $284,000 after acquiring an additional 25 shares in the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of research analysts have issued reports on TYL shares. Needham & Company LLC restated a "buy" rating and set a $700.00 price target on shares of Tyler Technologies in a research note on Tuesday, January 21st. StockNews.com lowered shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Monday, February 24th. Barclays upped their price target on shares of Tyler Technologies from $705.00 to $715.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Wells Fargo & Company restated an "equal weight" rating and set a $615.00 price target (down previously from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. Finally, Truist Financial reaffirmed a "buy" rating and issued a $775.00 price objective (up from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $676.25.

Tyler Technologies Trading Down 2.8 %

Tyler Technologies stock traded down $15.84 during midday trading on Thursday, hitting $552.87. 309,782 shares of the stock were exchanged, compared to its average volume of 240,093. Tyler Technologies, Inc. has a fifty-two week low of $397.80 and a fifty-two week high of $661.31. The stock has a market capitalization of $23.78 billion, a price-to-earnings ratio of 91.23, a PEG ratio of 4.93 and a beta of 0.80. The stock's 50-day simple moving average is $599.39 and its 200 day simple moving average is $598.60. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18.

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 for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. On average, equities analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insider Buying and Selling

In other Tyler Technologies news, CFO Brian K. Miller sold 6,752 shares of the business's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $613.75, for a total value of $4,144,040.00. Following the transaction, the chief financial officer now directly owns 11,918 shares of the company's stock, valued at approximately $7,314,672.50. The trade was a 36.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John S. Marr, Jr. sold 6,000 shares of the company's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the transaction, the insider now directly owns 6,983 shares in the company, valued at approximately $4,322,477. This trade represents a 46.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,816 shares of company stock worth $12,832,070 over the last 90 days. 2.20% of the stock is owned by insiders.

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.