National Bank of Canada FI Has $11.56 Million Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

National Bank of Canada FI decreased its position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,038 shares of the technology company's stock after selling 1,768 shares during the period. National Bank of Canada FI's holdings in Tyler Technologies were worth $11,555,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC boosted its position in shares of Tyler Technologies by 221.4% during the fourth quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock worth $26,000 after buying an additional 31 shares during the period. Sierra Ocean LLC purchased a new stake in shares of Tyler Technologies during the fourth quarter worth approximately $32,000. Brown Brothers Harriman & Co. grew its holdings in Tyler Technologies by 300.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock worth $32,000 after acquiring an additional 42 shares in the last quarter. OFI Invest Asset Management purchased a new stake in shares of Tyler Technologies during the 4th quarter worth $41,000. Finally, Smithfield Trust Co raised its stake in Tyler Technologies by 55.6% in the fourth quarter. Smithfield Trust Co now owns 84 shares of the technology company's stock valued at $48,000 after buying an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company's stock.

Tyler Technologies Trading Down 3.3 %

Shares of TYL stock traded down $18.39 during mid-day trading on Thursday, hitting $546.59. 131,361 shares of the company's stock were exchanged, compared to its average volume of 268,692. The stock has a 50-day simple moving average of $591.80 and a two-hundred day simple moving average of $595.75. 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 cap of $23.56 billion, a price-to-earnings ratio of 90.22, a PEG ratio of 4.93 and a beta of 0.84. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18.

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

Insider Activity at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the transaction, the insider now owns 6,983 shares in the company, valued at approximately $4,322,477. The trade was a 46.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Brian K. Miller sold 1,550 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $613.58, for a total value of $951,049.00. Following the completion of the sale, the chief financial officer now owns 14,026 shares of the company's stock, valued at approximately $8,606,073.08. This trade represents a 9.95 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,064 shares of company stock worth $8,688,030. 2.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TYL has been the subject of a number of research reports. Wells Fargo & Company reissued an "equal weight" rating and issued a $615.00 price target (down from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. Truist Financial reissued a "buy" rating and set a $775.00 price target (up previously from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Piper Sandler increased their price target on Tyler Technologies from $701.00 to $747.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Barclays upped their price objective on Tyler Technologies from $705.00 to $715.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Finally, The Goldman Sachs Group raised their target price on Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, Tyler Technologies has an average rating of "Moderate Buy" and an average target price of $676.25.

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.