Fiera Capital Corp Has $101.46 Million Stake in Tyler Technologies, Inc. (NYSE:TYL)

Fiera Capital Corp cut its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 175,943 shares of the technology company’s stock after selling 3,857 shares during the quarter. Fiera Capital Corp owned about 0.41% of Tyler Technologies worth $101,456,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TYL. Geode Capital Management LLC boosted its position in Tyler Technologies by 2.2% during the third quarter. Geode Capital Management LLC now owns 1,108,908 shares of the technology company’s stock valued at $645,585,000 after acquiring an additional 24,284 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Tyler Technologies by 2.0% in the 3rd quarter. Franklin Resources Inc. now owns 912,746 shares of the technology company’s stock valued at $547,354,000 after purchasing an additional 17,943 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Tyler Technologies by 4.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 904,175 shares of the technology company’s stock valued at $527,785,000 after purchasing an additional 36,066 shares in the last quarter. Van ECK Associates Corp grew its stake in Tyler Technologies by 1,991.8% during the fourth quarter. Van ECK Associates Corp now owns 550,580 shares of the technology company’s stock worth $317,486,000 after purchasing an additional 524,259 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Tyler Technologies by 148.2% during the third quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company’s stock worth $269,369,000 after purchasing an additional 275,511 shares during the period. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Tyler Technologies Stock Performance

Shares of TYL opened at $611.01 on Thursday. The firm has a market capitalization of $26.15 billion, a P/E ratio of 111.50, a P/E/G ratio of 4.78 and a beta of 0.78. Tyler Technologies, Inc. has a 52 week low of $397.80 and a 52 week high of $638.56. The stock has a 50 day moving average price of $595.47 and a two-hundred day moving average price of $593.32. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. Equities analysts forecast that Tyler Technologies, Inc. will post 7.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TYL has been the topic of a number of research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $700.00 price objective on shares of Tyler Technologies in a research report on Tuesday, January 21st. Barclays raised their price target on shares of Tyler Technologies from $700.00 to $705.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Robert W. Baird upped their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Truist Financial reissued a “buy” rating and set a $685.00 price objective (up previously from $600.00) on shares of Tyler Technologies in a research report on Friday, October 25th. Finally, StockNews.com lowered Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $645.69.

Insider Transactions at Tyler Technologies

In other news, CFO Brian K. Miller sold 6,752 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $613.75, for a total value of $4,144,040.00. Following the transaction, the chief financial officer now owns 11,918 shares in the company, valued at $7,314,672.50. The trade was a 36.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO H Lynn Moore, Jr. sold 3,250 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $631.41, for a total value of $2,052,082.50. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $47,355,750. This represents a 4.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,502 shares of company stock worth $18,941,368 in the last quarter. 2.20% of the stock is currently owned by corporate insiders.

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.