Natixis Advisors LLC Acquires 3,912 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Natixis Advisors LLC raised its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 11.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 39,089 shares of the technology company’s stock after acquiring an additional 3,912 shares during the quarter. Natixis Advisors LLC’s holdings in Tyler Technologies were worth $22,817,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Swedbank AB purchased a new position in Tyler Technologies during the second quarter valued at $251,390,000. International Assets Investment Management LLC lifted its position in shares of Tyler Technologies by 252,047.5% during the 3rd quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company’s stock valued at $179,564,000 after buying an additional 307,498 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Tyler Technologies by 15.3% during the 1st quarter. Janus Henderson Group PLC now owns 532,935 shares of the technology company’s stock valued at $226,501,000 after acquiring an additional 70,801 shares during the period. Quantum Capital Management LLC NJ increased its holdings in Tyler Technologies by 179.4% in the 1st quarter. Quantum Capital Management LLC NJ now owns 107,760 shares of the technology company’s stock worth $45,799,000 after acquiring an additional 69,189 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in Tyler Technologies by 18.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 424,982 shares of the technology company’s stock worth $180,622,000 after acquiring an additional 65,814 shares during the period. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Price Performance

Shares of Tyler Technologies stock opened at $601.19 on Tuesday. The stock has a market cap of $25.73 billion, a price-to-earnings ratio of 109.71, a price-to-earnings-growth ratio of 5.39 and a beta of 0.77. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a 50 day moving average price of $593.78 and a 200-day moving average price of $547.67. Tyler Technologies, Inc. has a one year low of $397.80 and a one year high of $631.43.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.09. The business had revenue of $543.34 million for the quarter, compared to the consensus estimate of $547.34 million. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.66 earnings per share. Equities analysts expect that Tyler Technologies, Inc. will post 7.39 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. BTIG Research upped their price target on shares of Tyler Technologies from $550.00 to $630.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. JMP Securities increased their price target on Tyler Technologies from $580.00 to $700.00 and gave the stock a “market outperform” rating in a research note on Friday, October 25th. Oppenheimer raised their price target on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Robert W. Baird increased their target price on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, Barclays lifted their target price on Tyler Technologies from $700.00 to $705.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $642.62.

Insider Activity

In other news, CEO H Lynn Moore, Jr. sold 6,250 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $605.82, for a total transaction of $3,786,375.00. Following the transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $45,436,500. This trade represents a 7.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John S. Marr, Jr. sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $578.94, for a total value of $2,894,700.00. Following the completion of the sale, the insider now owns 6,983 shares of the company’s stock, valued at $4,042,738.02. The trade was a 41.73 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,600 shares of company stock valued at $19,307,295. 2.20% of the stock is currently owned by company insiders.

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.