Fiera Capital Corp Reduces Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Fiera Capital Corp cut its position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 3.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 179,800 shares of the technology company's stock after selling 6,166 shares during the quarter. Fiera Capital Corp owned 0.42% of Tyler Technologies worth $104,953,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TYL. Independence Bank of Kentucky acquired a new stake in shares of Tyler Technologies in the second quarter valued at about $25,000. Covestor Ltd increased its holdings in Tyler Technologies by 153.6% in the first quarter. Covestor Ltd now owns 71 shares of the technology company's stock worth $30,000 after purchasing an additional 43 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Tyler Technologies by 329.4% during the 2nd quarter. Blue Trust Inc. now owns 73 shares of the technology company's stock worth $37,000 after buying an additional 56 shares in the last quarter. Lynx Investment Advisory bought a new stake in shares of Tyler Technologies in the 2nd quarter valued at $38,000. Finally, Larson Financial Group LLC grew its holdings in Tyler Technologies by 675.0% in the first quarter. Larson Financial Group LLC now owns 93 shares of the technology company's stock worth $40,000 after purchasing an additional 81 shares during the period. 93.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on TYL. BTIG Research increased their price objective on shares of Tyler Technologies from $550.00 to $630.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. Oppenheimer increased their target price on Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Robert W. Baird raised their target price on Tyler Technologies from $625.00 to $700.00 and gave the company an "outperform" rating in a report on Friday, October 25th. StockNews.com lowered shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Monday. Finally, Evercore ISI upgraded Tyler Technologies to a "hold" rating in a research note on Friday, July 26th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $642.62.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,250 shares of the company's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $605.82, for a total value of $3,786,375.00. Following the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at $45,436,500. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO H Lynn Moore, Jr. sold 6,250 shares of the company's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $605.82, for a total value of $3,786,375.00. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $45,436,500. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John S. Marr, Jr. sold 5,000 shares of the firm's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $578.94, for a total value of $2,894,700.00. Following the sale, the insider now owns 6,983 shares in the company, valued at $4,042,738.02. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,100 shares of company stock valued at $17,746,270. Company insiders own 2.20% of the company's stock.

Tyler Technologies Stock Performance

Shares of TYL traded up $7.87 during trading hours on Friday, hitting $623.22. The company's stock had a trading volume of 287,361 shares, compared to its average volume of 229,266. The business has a 50 day simple moving average of $590.22 and a two-hundred day simple moving average of $539.16. The company has a market cap of $26.67 billion, a price-to-earnings ratio of 112.61, a PEG ratio of 5.44 and a beta of 0.77. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $631.43.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.09. The firm had revenue of $543.34 million for the quarter, compared to analysts' expectations of $547.34 million. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The company's revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.66 earnings per share. On average, equities analysts expect that Tyler Technologies, Inc. will post 7.39 earnings per share 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.