National Bank of Canada FI Has $12.73 Million Position in Tyler Technologies, Inc. (NYSE:TYL)

National Bank of Canada FI increased its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 86.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,806 shares of the technology company's stock after purchasing an additional 10,105 shares during the period. National Bank of Canada FI owned 0.05% of Tyler Technologies worth $12,729,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Independence Bank of Kentucky acquired a new position in Tyler Technologies in the 2nd quarter worth approximately $25,000. Ashton Thomas Securities LLC acquired a new position in Tyler Technologies in the 3rd quarter worth about $27,000. Blue Trust Inc. raised its stake 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 purchasing an additional 56 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Tyler Technologies during the 2nd quarter valued at about $61,000. Finally, Tobam acquired a new stake in Tyler Technologies in the third quarter valued at approximately $78,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 12,000 shares of the business's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO H Lynn Moore, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $576.62, for a total transaction of $2,883,100.00. Following the sale, the chief executive officer now directly owns 75,000 shares of the company's stock, valued at $43,246,500. This represents a 6.25 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,500 shares of company stock worth $24,835,988. Corporate insiders own 1.50% of the company's stock.

Tyler Technologies Price Performance

Shares of TYL traded up $7.59 during trading hours on Wednesday, hitting $625.03. The stock had a trading volume of 364,918 shares, compared to its average volume of 235,492. The stock has a market capitalization of $26.75 billion, a price-to-earnings ratio of 112.67, a P/E/G ratio of 5.64 and a beta of 0.76. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21. The company's fifty day moving average is $606.33 and its two-hundred day moving average is $563.82. Tyler Technologies, Inc. has a 52 week low of $397.80 and a 52 week high of $638.56.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.09. The firm had revenue of $543.34 million during the quarter, compared to the consensus estimate of $547.34 million. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The business's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.66 EPS. On average, analysts anticipate that Tyler Technologies, Inc. will post 7.36 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on TYL. Robert W. Baird raised their price objective on Tyler Technologies from $625.00 to $700.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. The Goldman Sachs Group restated a "buy" rating and issued a $627.00 price objective on shares of Tyler Technologies in a research note on Friday, September 13th. JMP Securities upped their price objective on shares of Tyler Technologies from $580.00 to $700.00 and gave the stock a "market outperform" rating in a report on Friday, October 25th. Oppenheimer upped their price target on Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Finally, Piper Sandler upped their price objective on shares of Tyler Technologies from $625.00 to $701.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Tyler Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $642.62.

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.