Natixis Cuts Stake in Tyler Technologies, Inc. (NYSE:TYL)

Natixis trimmed its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 24.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,812 shares of the technology company's stock after selling 895 shares during the quarter. Natixis' holdings in Tyler Technologies were worth $1,622,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC increased 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 acquiring an additional 31 shares during the last quarter. Sierra Ocean LLC acquired a new position in Tyler Technologies during the fourth quarter valued at approximately $32,000. Brown Brothers Harriman & Co. grew its stake in Tyler Technologies by 300.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock worth $32,000 after buying an additional 42 shares during the period. OFI Invest Asset Management acquired a new stake in shares of Tyler Technologies in the fourth quarter worth $41,000. Finally, Smithfield Trust Co raised its stake in shares of Tyler Technologies by 55.6% in the 4th quarter. Smithfield Trust Co now owns 84 shares of the technology company's stock valued at $48,000 after acquiring an additional 30 shares during the period. Institutional investors and hedge funds own 93.30% of the company's stock.

Insiders Place Their Bets

In other news, insider John S. Marr, Jr. sold 6,000 shares of the business's stock in a transaction that occurred on 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 transaction, the insider now directly owns 6,983 shares in the company, valued at approximately $4,322,477. The trade was a 46.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Brian K. Miller sold 1,550 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at approximately $8,606,073.08. This represents a 9.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,064 shares of company stock worth $8,688,030. Insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

TYL has been the subject of several recent research reports. Wells Fargo & Company lowered their price target on Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating for the company in a report on Tuesday. Barclays dropped their target price on Tyler Technologies from $715.00 to $700.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. StockNews.com cut Tyler Technologies from a "buy" rating to a "hold" rating in a report on Friday, April 11th. Needham & Company LLC reaffirmed a "buy" rating and issued a $700.00 price objective on shares of Tyler Technologies in a research report on Tuesday, January 21st. Finally, Piper Sandler boosted their target price on shares of Tyler Technologies from $701.00 to $747.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Tyler Technologies currently has an average rating of "Moderate Buy" and an average target price of $674.58.

Tyler Technologies Trading Up 1.8 %

Shares of NYSE TYL opened at $565.55 on Wednesday. Tyler Technologies, Inc. has a 12-month low of $412.70 and a 12-month high of $661.31. The company has a market cap of $24.38 billion, a price-to-earnings ratio of 93.33, a price-to-earnings-growth ratio of 4.93 and a beta of 0.84. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The stock's 50 day simple moving average is $583.37 and its 200 day simple moving average is $594.92.

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

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