Fiera Capital Corp Has $65.19 Million Stake in Tyler Technologies, Inc. $TYL

Fiera Capital Corp lowered its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 1.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,959 shares of the technology company’s stock after selling 1,540 shares during the period. Fiera Capital Corp owned about 0.25% of Tyler Technologies worth $65,188,000 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. Mather Group LLC. grew its holdings in shares of Tyler Technologies by 5.3% in the 2nd quarter. Mather Group LLC. now owns 379 shares of the technology company’s stock valued at $225,000 after acquiring an additional 19 shares in the last quarter. Nordea Investment Management AB boosted its position in Tyler Technologies by 0.6% during the second quarter. Nordea Investment Management AB now owns 3,537 shares of the technology company’s stock valued at $2,068,000 after purchasing an additional 20 shares during the last quarter. Allworth Financial LP grew its stake in Tyler Technologies by 9.1% in the first quarter. Allworth Financial LP now owns 288 shares of the technology company’s stock valued at $153,000 after purchasing an additional 24 shares in the last quarter. Meridian Wealth Management LLC increased its position in shares of Tyler Technologies by 2.9% during the 1st quarter. Meridian Wealth Management LLC now owns 923 shares of the technology company’s stock worth $537,000 after purchasing an additional 26 shares during the last quarter. Finally, Wealth Alliance LLC raised its stake in shares of Tyler Technologies by 3.9% during the 2nd quarter. Wealth Alliance LLC now owns 688 shares of the technology company’s stock worth $408,000 after purchasing an additional 26 shares in the last quarter. 93.30% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Tyler Technologies news, insider John S. Marr, Jr. sold 4,250 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $555.53, for a total transaction of $2,361,002.50. Following the transaction, the insider owned 6,983 shares in the company, valued at $3,879,265.99. This trade represents a 37.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Glenn A. Carter sold 750 shares of Tyler Technologies stock in a transaction on Monday, September 15th. The stock was sold at an average price of $538.30, for a total value of $403,725.00. Following the sale, the director directly owned 3,172 shares of the company’s stock, valued at $1,707,487.60. This represents a 19.12% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 9,000 shares of company stock worth $5,007,328. 1.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TYL has been the subject of several analyst reports. UBS Group reissued an “overweight” rating on shares of Tyler Technologies in a research note on Wednesday, October 8th. DA Davidson decreased their price objective on shares of Tyler Technologies from $560.00 to $540.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Robert W. Baird set a $660.00 target price on shares of Tyler Technologies in a report on Friday, October 31st. Evercore ISI reiterated a “positive” rating on shares of Tyler Technologies in a research note on Friday, October 31st. Finally, Barclays lifted their price target on Tyler Technologies from $695.00 to $715.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $660.09.

Tyler Technologies Stock Performance

NYSE TYL opened at $466.24 on Thursday. The stock has a market cap of $20.06 billion, a PE ratio of 64.85, a P/E/G ratio of 3.67 and a beta of 0.93. The firm has a 50-day moving average of $510.64 and a 200-day moving average of $549.45. Tyler Technologies, Inc. has a 52-week low of $450.00 and a 52-week high of $661.31.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, October 29th. The technology company reported $2.97 EPS for the quarter, beating analysts’ consensus estimates of $2.88 by $0.09. The business had revenue of $595.88 million for the quarter, compared to analyst estimates of $594.34 million. Tyler Technologies had a net margin of 13.72% and a return on equity of 10.64%. Tyler Technologies’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.52 EPS. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. As a group, analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal 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.