Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Fiera Capital Corp

Fiera Capital Corp reduced its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 175,943 shares of the technology company's stock after selling 3,857 shares during the period. Fiera Capital Corp owned approximately 0.41% of Tyler Technologies worth $101,456,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in shares of Tyler Technologies during the third quarter valued at $27,000. Quarry LP purchased a new stake in shares of Tyler Technologies during the third quarter valued at $78,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Tyler Technologies by 18.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company's stock valued at $78,000 after buying an additional 21 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Tyler Technologies during the third quarter valued at $79,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Tyler Technologies during the third quarter valued at $82,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Brian K. Miller sold 2,500 shares of the company's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $632.01, for a total transaction of $1,580,025.00. Following the completion of the sale, the chief financial officer now owns 12,198 shares of the company's stock, valued at $7,709,257.98. This represents a 17.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John S. Marr, Jr. sold 12,000 shares of the company's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the sale, the insider now directly owns 6,983 shares of the company's stock, valued at $4,285,187.78. The trade was a 63.21 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,502 shares of company stock worth $18,941,368. Company insiders own 2.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TYL. Wells Fargo & Company reissued an "equal weight" rating and issued a $615.00 target price (down previously from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. DA Davidson reiterated a "neutral" rating and issued a $575.00 target price on shares of Tyler Technologies in a report on Thursday, January 30th. Piper Sandler lifted their price objective on shares of Tyler Technologies from $701.00 to $747.00 and gave the company an "overweight" rating in a report on Friday. Barclays lifted their price objective on shares of Tyler Technologies from $705.00 to $715.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Truist Financial reissued a "buy" rating and set a $775.00 target price (up previously from $685.00) on shares of Tyler Technologies in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $667.83.

Tyler Technologies Stock Performance

Shares of TYL traded down $4.35 during trading hours on Friday, hitting $642.39. The stock had a trading volume of 314,107 shares, compared to its average volume of 211,429. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a 50-day moving average price of $596.21 and a 200 day moving average price of $594.29. Tyler Technologies, Inc. has a fifty-two week low of $397.80 and a fifty-two week high of $661.31. The firm has a market capitalization of $27.49 billion, a price-to-earnings ratio of 117.22, a PEG ratio of 4.78 and a beta of 0.78.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 earnings per share for the quarter, missing analysts' consensus estimates of $2.44 by ($0.57). Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. As a group, research analysts anticipate that Tyler Technologies, Inc. will post 7.36 EPS for the current year.

Tyler Technologies Company 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.