Natixis Advisors L.P. Sells 1,125 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Natixis Advisors L.P. cut its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,414 shares of the technology company’s stock after selling 1,125 shares during the period. Natixis Advisors L.P.’s holdings in Tyler Technologies were worth $12,716,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. grew its position in shares of Tyler Technologies by 4.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,783 shares of the technology company’s stock valued at $1,461,000 after purchasing an additional 160 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Tyler Technologies by 13.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 4,744 shares of the technology company’s stock valued at $1,832,000 after buying an additional 546 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Tyler Technologies by 7.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,001 shares of the technology company’s stock worth $15,446,000 after acquiring an additional 2,812 shares during the period. Strs Ohio lifted its position in Tyler Technologies by 6.5% in the 3rd quarter. Strs Ohio now owns 3,521 shares of the technology company’s stock valued at $1,359,000 after acquiring an additional 215 shares in the last quarter. Finally, IFM Investors Pty Ltd lifted its position in Tyler Technologies by 4.2% in the 3rd quarter. IFM Investors Pty Ltd now owns 8,866 shares of the technology company’s stock valued at $3,424,000 after acquiring an additional 359 shares in the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO H Lynn Moore, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $435.98, for a total transaction of $4,359,800.00. Following the transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $32,698,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 10,000 shares of Tyler Technologies stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $435.98, for a total transaction of $4,359,800.00. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at $32,698,500. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John S. Marr, Jr. sold 6,500 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $437.49, for a total transaction of $2,843,685.00. Following the completion of the transaction, the insider now directly owns 6,400 shares in the company, valued at $2,799,936. The disclosure for this sale can be found here. Insiders sold a total of 58,279 shares of company stock valued at $25,511,064 over the last three months. Insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Piper Sandler reissued an “overweight” rating and issued a $520.00 price target on shares of Tyler Technologies in a research note on Wednesday, April 24th. Oppenheimer lifted their target price on Tyler Technologies from $480.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. JMP Securities reaffirmed a “market outperform” rating and set a $490.00 price target on shares of Tyler Technologies in a research report on Friday, April 26th. Needham & Company LLC reiterated a “buy” rating and issued a $500.00 price objective on shares of Tyler Technologies in a report on Thursday, April 25th. Finally, Robert W. Baird increased their target price on shares of Tyler Technologies from $500.00 to $525.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Tyler Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $492.22.

Tyler Technologies Stock Performance

NYSE TYL opened at $481.38 on Wednesday. The firm has a market capitalization of $20.44 billion, a P/E ratio of 108.91, a price-to-earnings-growth ratio of 4.38 and a beta of 0.76. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.20. The firm’s fifty day moving average price is $427.32 and its two-hundred day moving average price is $419.98. Tyler Technologies, Inc. has a 1 year low of $361.16 and a 1 year high of $483.83.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, February 14th. The technology company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. The company had revenue of $480.94 million for the quarter, compared to analysts’ expectations of $483.34 million. As a group, research analysts anticipate that Tyler Technologies, Inc. will post 7.14 EPS for the current year.

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.