Natixis Increases Position in Tyler Technologies, Inc. (NYSE:TYL)

Natixis boosted its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 114.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,253 shares of the technology company’s stock after acquiring an additional 1,200 shares during the period. Natixis’ holdings in Tyler Technologies were worth $958,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Centered Wealth LLC dba Miller Equity Capital Advisors boosted its holdings in Tyler Technologies by 0.8% in the 4th quarter. Centered Wealth LLC dba Miller Equity Capital Advisors now owns 3,920 shares of the technology company’s stock valued at $1,639,000 after purchasing an additional 30 shares during the last quarter. GW&K Investment Management LLC boosted its holdings in Tyler Technologies by 0.3% in the 4th quarter. GW&K Investment Management LLC now owns 12,044 shares of the technology company’s stock valued at $5,035,000 after purchasing an additional 31 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in Tyler Technologies by 5.2% in the 4th quarter. Avantax Advisory Services Inc. now owns 670 shares of the technology company’s stock valued at $280,000 after purchasing an additional 33 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in Tyler Technologies by 3.3% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,044 shares of the technology company’s stock valued at $444,000 after purchasing an additional 33 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in Tyler Technologies by 0.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 10,965 shares of the technology company’s stock valued at $4,585,000 after purchasing an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, Director Daniel M. Pope sold 520 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $491.18, for a total value of $255,413.60. Following the sale, the director now directly owns 3,493 shares of the company’s stock, valued at approximately $1,715,691.74. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Brian K. Miller sold 800 shares of the stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $479.28, for a total value of $383,424.00. Following the transaction, the chief financial officer now directly owns 12,736 shares of the company’s stock, valued at approximately $6,104,110.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel M. Pope sold 520 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $491.18, for a total transaction of $255,413.60. Following the completion of the transaction, the director now directly owns 3,493 shares in the company, valued at $1,715,691.74. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,241 shares of company stock valued at $12,495,890. Insiders own 2.20% of the company’s stock.

Tyler Technologies Stock Up 3.0 %

Tyler Technologies stock traded up $16.72 during mid-day trading on Friday, reaching $581.06. 29,666 shares of the company’s stock were exchanged, compared to its average volume of 220,044. Tyler Technologies, Inc. has a twelve month low of $361.16 and a twelve month high of $581.06. The company has a fifty day moving average of $495.82 and a 200-day moving average of $454.78. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.20. The company has a market cap of $24.67 billion, a P/E ratio of 129.86, a P/E/G ratio of 4.84 and a beta of 0.76.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.06. Tyler Technologies had a net margin of 10.24% and a return on equity of 9.82%. The company had revenue of $540.98 million for the quarter, compared to the consensus estimate of $541.01 million. During the same period in the prior year, the firm posted $1.53 EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. Sell-side analysts expect that Tyler Technologies, Inc. will post 7.1 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on TYL shares. Oppenheimer upped their price objective on shares of Tyler Technologies from $550.00 to $625.00 and gave the stock an “outperform” rating in a report on Friday. Barclays upped their price objective on shares of Tyler Technologies from $473.00 to $515.00 and gave the stock an “equal weight” rating in a report on Thursday, July 11th. Needham & Company LLC restated a “buy” rating and issued a $600.00 price objective on shares of Tyler Technologies in a report on Thursday. Truist Financial restated a “buy” rating and issued a $600.00 price objective (up from $560.00) on shares of Tyler Technologies in a report on Friday. Finally, JMP Securities upped their price objective on shares of Tyler Technologies from $490.00 to $580.00 and gave the stock a “market outperform” rating in a report on Monday. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $559.17.

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.