Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. cut its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 14.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 233 shares of the technology company’s stock after selling 38 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Tyler Technologies were worth $97,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Clear Street Markets LLC lifted its holdings in Tyler Technologies by 95.2% in the first quarter. Clear Street Markets LLC now owns 82 shares of the technology company’s stock valued at $29,000 after acquiring an additional 40 shares during the period. Cornerstone Planning Group LLC acquired a new stake in Tyler Technologies in the second quarter valued at $49,000. Chilton Capital Management LLC acquired a new stake in Tyler Technologies in the fourth quarter valued at $52,000. Column Capital Advisors LLC lifted its holdings in Tyler Technologies by 50.5% in the third quarter. Column Capital Advisors LLC now owns 146 shares of the technology company’s stock valued at $56,000 after acquiring an additional 49 shares during the period. Finally, Headinvest LLC acquired a new stake in Tyler Technologies in the third quarter valued at $78,000. 93.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. DA Davidson raised their target price on Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. JPMorgan Chase & Co. lifted their price target on Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. JMP Securities reaffirmed a “market outperform” rating and set a $490.00 price target on shares of Tyler Technologies in a research note on Friday, February 16th. Needham & Company LLC lifted their price target on Tyler Technologies from $475.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Finally, Piper Sandler lifted their price target on Tyler Technologies from $480.00 to $520.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $460.46.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,500 shares of Tyler Technologies stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $437.49, for a total value of $2,843,685.00. Following the completion of the sale, the insider now owns 6,400 shares in the company, valued at approximately $2,799,936. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,500 shares of Tyler Technologies stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $437.49, for a total value of $2,843,685.00. Following the completion of the sale, the insider now owns 6,400 shares in the company, valued at approximately $2,799,936. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO H Lynn Moore, Jr. sold 1,849 shares of Tyler Technologies stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $421.19, for a total value of $778,780.31. Following the completion of the sale, the chief executive officer now owns 79,502 shares of the company’s stock, valued at approximately $33,485,447.38. The disclosure for this sale can be found here. Insiders sold 50,608 shares of company stock worth $21,974,819 in the last 90 days. 2.20% of the stock is owned by company insiders.

Tyler Technologies Trading Up 0.1 %

Tyler Technologies stock opened at $403.35 on Friday. The stock has a market cap of $17.12 billion, a PE ratio of 103.69, a P/E/G ratio of 3.97 and a beta of 0.81. The stock has a 50-day moving average price of $423.44 and a 200 day moving average price of $413.63. Tyler Technologies, Inc. has a 52 week low of $361.16 and a 52 week high of $454.74. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.20.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The firm had revenue of $480.94 million during the quarter, compared to analysts’ expectations of $483.34 million. Tyler Technologies had a return on equity of 8.85% and a net margin of 8.50%. Equities research analysts predict that Tyler Technologies, Inc. will post 6.77 earnings per share for the current fiscal year.

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.