Natixis Advisors LLC Acquires 937 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Natixis Advisors LLC boosted its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 40,026 shares of the technology company’s stock after purchasing an additional 937 shares during the quarter. Natixis Advisors LLC owned about 0.09% of Tyler Technologies worth $23,080,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Metis Global Partners LLC increased its stake in shares of Tyler Technologies by 4.1% in the 3rd quarter. Metis Global Partners LLC now owns 1,695 shares of the technology company’s stock valued at $989,000 after acquiring an additional 66 shares in the last quarter. CIBC Asset Management Inc grew its holdings in Tyler Technologies by 8.8% in the third quarter. CIBC Asset Management Inc now owns 6,211 shares of the technology company’s stock worth $3,625,000 after purchasing an additional 501 shares during the period. Empowered Funds LLC increased its stake in Tyler Technologies by 15.3% in the third quarter. Empowered Funds LLC now owns 2,321 shares of the technology company’s stock valued at $1,355,000 after purchasing an additional 308 shares in the last quarter. Swiss National Bank raised its holdings in shares of Tyler Technologies by 0.7% during the third quarter. Swiss National Bank now owns 126,100 shares of the technology company’s stock valued at $73,607,000 after purchasing an additional 900 shares during the period. Finally, LMR Partners LLP bought a new position in shares of Tyler Technologies during the 3rd quarter worth about $23,383,000. 93.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO H Lynn Moore, Jr. sold 6,514 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the completion of the transaction, the chief executive officer now directly owns 75,734 shares of the company’s stock, valued at $46,772,561.06. This represents a 7.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies 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 sale, the insider now directly owns 6,983 shares in the company, valued at $4,322,477. This trade represents a 46.21 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,064 shares of company stock worth $8,688,030. Insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

TYL has been the topic of a number of research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $700.00 target price on shares of Tyler Technologies in a research report on Tuesday, January 21st. Piper Sandler upped their price objective on shares of Tyler Technologies from $701.00 to $747.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Barclays lifted their price objective 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. Wells Fargo & Company reissued an “equal weight” rating and set a $615.00 target price (down from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group raised their price target on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. 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 data from MarketBeat.com, Tyler Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $676.25.

Tyler Technologies Price Performance

Shares of NYSE TYL opened at $575.78 on Tuesday. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $24.77 billion, a PE ratio of 95.01, a PEG ratio of 4.93 and a beta of 0.80. The stock’s 50 day moving average price is $598.57 and its 200-day moving average price is $598.40. Tyler Technologies, Inc. has a twelve month low of $397.80 and a twelve month high of $661.31.

Tyler Technologies (NYSE:TYL) last announced 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 net margin of 12.30% and a return on equity of 10.15%. On average, equities analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

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.