Cibc World Markets Corp Has $3.88 Million Position in Tyler Technologies, Inc. (NYSE:TYL)

Cibc World Markets Corp grew its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 16.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,736 shares of the technology company's stock after buying an additional 971 shares during the quarter. Cibc World Markets Corp's holdings in Tyler Technologies were worth $3,884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Corient Private Wealth LLC increased its position in Tyler Technologies by 83.8% during the fourth quarter. Corient Private Wealth LLC now owns 10,332 shares of the technology company's stock worth $5,958,000 after buying an additional 4,712 shares during the last quarter. Gitterman Wealth Management LLC boosted its stake in shares of Tyler Technologies by 6.5% during the 4th quarter. Gitterman Wealth Management LLC now owns 410 shares of the technology company's stock worth $236,000 after acquiring an additional 25 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of Tyler Technologies by 2.4% during the 4th quarter. Natixis Advisors LLC now owns 40,026 shares of the technology company's stock valued at $23,080,000 after acquiring an additional 937 shares during the last quarter. Frank Rimerman Advisors LLC raised its stake in shares of Tyler Technologies by 121.1% in the 4th quarter. Frank Rimerman Advisors LLC now owns 860 shares of the technology company's stock valued at $496,000 after acquiring an additional 471 shares in the last quarter. Finally, Postrock Partners LLC acquired a new stake in Tyler Technologies in the 4th quarter worth approximately $363,000. Institutional investors and hedge funds own 93.30% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts have commented on TYL shares. StockNews.com downgraded Tyler Technologies from a "buy" rating to a "hold" rating in a report on Monday, February 24th. 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 report on Friday, February 14th. Wells Fargo & Company restated an "equal weight" rating and set a $615.00 price target (down from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Barclays lifted their price objective on Tyler Technologies from $705.00 to $715.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Finally, Needham & Company LLC restated a "buy" rating and set a $700.00 target price on shares of Tyler Technologies in a research note on Tuesday, January 21st. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $676.25.

Tyler Technologies Stock Performance

TYL stock traded up $9.25 during midday trading on Monday, hitting $575.64. The stock had a trading volume of 244,611 shares, compared to its average volume of 240,981. Tyler Technologies, Inc. has a 52 week low of $397.80 and a 52 week high of $661.31. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The stock has a 50-day simple moving average of $598.88 and a 200 day simple moving average of $598.02. The firm has a market capitalization of $24.81 billion, a price-to-earnings ratio of 94.99, a P/E/G ratio of 4.93 and a beta of 0.80.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings data 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 return on equity of 10.15% and a net margin of 12.30%. As a group, equities research analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Insider Buying and Selling at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 6,514 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were 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 owns 75,734 shares in the company, valued at approximately $46,772,561.06. The trade was a 7.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John S. Marr, Jr. sold 6,000 shares of the company's stock in a transaction dated 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 completion of the sale, the insider now directly owns 6,983 shares in the company, valued at approximately $4,322,477. The trade was a 46.21 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,064 shares of company stock valued at $8,688,030. 2.20% of the stock is currently owned by corporate insiders.

About Tyler Technologies

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.