Candriam S.C.A. Grows Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Candriam S.C.A. boosted its position in Tyler Technologies, Inc. (NYSE:TYL) by 43.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,945 shares of the technology company’s stock after acquiring an additional 1,198 shares during the period. Candriam S.C.A.’s holdings in Tyler Technologies were worth $2,275,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oak Thistle LLC grew its stake in Tyler Technologies by 213.7% in the 4th quarter. Oak Thistle LLC now owns 2,328 shares of the technology company’s stock worth $1,342,000 after acquiring an additional 1,586 shares during the period. Aigen Investment Management LP acquired a new position in shares of Tyler Technologies in the 3rd quarter valued at $1,309,000. Maiden Cove Capital LLC acquired a new position in shares of Tyler Technologies in the 3rd quarter valued at $583,000. Assetmark Inc. boosted its holdings in shares of Tyler Technologies by 9.4% in the 3rd quarter. Assetmark Inc. now owns 9,910 shares of the technology company’s stock valued at $5,785,000 after purchasing an additional 854 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Tyler Technologies in the 3rd quarter valued at $569,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TYL shares. Piper Sandler lifted their price target on shares of Tyler Technologies from $701.00 to $747.00 and gave the company an “overweight” rating in a report on Friday, February 14th. StockNews.com lowered shares of Tyler Technologies from a “buy” rating to a “hold” rating in a report on Monday, February 24th. The Goldman Sachs Group lifted their price target on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Truist Financial reiterated a “buy” rating and issued a $775.00 price target (up previously from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Finally, Barclays lifted their price target on shares of Tyler Technologies from $705.00 to $715.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $676.25.

Insiders Place Their Bets

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,514 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now owns 75,734 shares in the company, valued at $46,772,561.06. The trade was a 7.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Brian K. Miller sold 6,752 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $613.75, for a total transaction of $4,144,040.00. Following the completion of the transaction, the chief financial officer now owns 11,918 shares in the company, valued at $7,314,672.50. This represents a 36.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,816 shares of company stock worth $9,118,070 in the last quarter. 2.20% of the stock is owned by corporate insiders.

Tyler Technologies Stock Performance

Shares of TYL stock opened at $589.02 on Monday. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $661.31. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. The firm has a market capitalization of $25.34 billion, a P/E ratio of 97.20, a P/E/G ratio of 4.93 and a beta of 0.80. The company’s fifty day moving average price is $599.93 and its two-hundred day moving average price is $598.86.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 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%. On average, research analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal 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.