Natixis Advisors LLC Has $23.08 Million Position in Tyler Technologies, Inc. (NYSE:TYL)

Natixis Advisors LLC increased its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,026 shares of the technology company's stock after purchasing an additional 937 shares during the period. Natixis Advisors LLC owned approximately 0.09% of Tyler Technologies worth $23,080,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Larson Financial Group LLC grew its stake in 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 in the last quarter. Sierra Ocean LLC acquired a new stake in shares of Tyler Technologies during the 4th quarter worth approximately $32,000. OFI Invest Asset Management bought a new position in Tyler Technologies in the fourth quarter valued at approximately $41,000. Smithfield Trust Co raised its position in Tyler Technologies by 55.6% during the fourth quarter. Smithfield Trust Co now owns 84 shares of the technology company's stock valued at $48,000 after purchasing an additional 30 shares in the last quarter. Finally, Private Trust Co. NA lifted its stake in Tyler Technologies by 51.8% during the fourth quarter. Private Trust Co. NA now owns 85 shares of the technology company's stock worth $49,000 after purchasing an additional 29 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TYL shares. The Goldman Sachs Group lifted their price target on Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. 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 research report on Friday, February 14th. DA Davidson reissued a "neutral" rating and issued a $575.00 target price on shares of Tyler Technologies in a report on Thursday, January 30th. StockNews.com lowered shares of Tyler Technologies from a "buy" rating to a "hold" rating in a report on Monday, February 24th. Finally, Wells Fargo & Company reissued an "equal weight" rating and issued a $615.00 price objective (down previously from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $676.25.

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Tyler Technologies Trading Down 0.4 %

NYSE TYL traded down $2.41 on Friday, reaching $566.56. The company had a trading volume of 407,693 shares, compared to its average volume of 240,846. The firm has a market cap of $24.42 billion, a price-to-earnings ratio of 93.49, a P/E/G ratio of 4.93 and a beta of 0.80. Tyler Technologies, Inc. has a fifty-two week low of $397.80 and a fifty-two week high of $661.31. The business has a 50 day moving average of $598.75 and a two-hundred day moving average of $597.96. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings data 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 return on equity of 10.15% and a net margin of 12.30%. Analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of the 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. This trade represents a 46.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 75,734 shares in the company, valued at $46,772,561.06. This represents a 7.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,064 shares of company stock worth $8,688,030. Company insiders own 2.20% of the company's stock.

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.