Fiera Capital Corp Sells 2,404 Shares of Tyler Technologies, Inc. $TYL

Fiera Capital Corp trimmed its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 2.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,555 shares of the technology company’s stock after selling 2,404 shares during the period. Fiera Capital Corp owned 0.25% of Tyler Technologies worth $56,268,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Root Financial Partners LLC acquired a new stake in shares of Tyler Technologies in the third quarter valued at $28,000. Twin Peaks Wealth Advisors LLC bought a new stake in Tyler Technologies during the 2nd quarter worth about $32,000. Advisors Asset Management Inc. acquired a new stake in Tyler Technologies in the 1st quarter valued at about $38,000. Geneos Wealth Management Inc. raised its stake in shares of Tyler Technologies by 137.9% in the first quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock worth $40,000 after acquiring an additional 40 shares during the last quarter. Finally, Quent Capital LLC acquired a new position in shares of Tyler Technologies during the third quarter worth approximately $49,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Wall Street Analyst Weigh In

TYL has been the subject of a number of research reports. Piper Sandler reissued an “overweight” rating and issued a $543.00 price target (down previously from $671.00) on shares of Tyler Technologies in a report on Friday, February 13th. Evercore reiterated a “positive” rating on shares of Tyler Technologies in a research report on Friday, October 31st. The Goldman Sachs Group set a $420.00 target price on Tyler Technologies in a research report on Friday, February 13th. Oppenheimer cut their price target on Tyler Technologies from $510.00 to $450.00 and set an “outperform” rating on the stock in a research note on Friday, February 13th. Finally, BTIG Research lowered their price objective on Tyler Technologies from $560.00 to $470.00 and set a “buy” rating for the company in a research report on Monday, February 9th. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $467.54.

Insiders Place Their Bets

In other Tyler Technologies news, CFO Brian K. Miller sold 1,000 shares of the stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $448.51, for a total value of $448,510.00. Following the completion of the sale, the chief financial officer directly owned 17,148 shares in the company, valued at $7,691,049.48. This represents a 5.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Glenn A. Carter sold 500 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $458.73, for a total value of $229,365.00. Following the sale, the director directly owned 3,172 shares in the company, valued at approximately $1,455,091.56. This represents a 13.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 3,500 shares of company stock valued at $1,605,605. 1.10% of the stock is owned by corporate insiders.

Tyler Technologies Price Performance

Shares of TYL stock opened at $319.57 on Friday. The stock has a market cap of $13.75 billion, a PE ratio of 44.39, a price-to-earnings-growth ratio of 2.12 and a beta of 0.91. The stock has a 50-day moving average of $411.80 and a 200-day moving average of $479.42. Tyler Technologies, Inc. has a one year low of $283.71 and a one year high of $641.77.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, February 11th. The technology company reported $2.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.07). Tyler Technologies had a net margin of 13.53% and a return on equity of 10.42%. The firm had revenue of $575.18 million for the quarter, compared to analyst estimates of $591.09 million. During the same quarter in the prior year, the firm posted $2.43 EPS. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, research analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Tyler Technologies Profile

Tyler Technologies, Inc is a provider of software and technology services for the public sector, delivering integrated systems that help government and public agencies manage operations, finances and citizen services. Headquartered in Plano, Texas, the company focuses on developing and implementing solutions for local and state governments, school districts, courts and public safety organizations. Its offerings are aimed at modernizing administrative workflows, improving transparency and enabling digital interactions between governments and the communities they serve.

Tyler’s product portfolio spans enterprise resource planning and financial management, tax and billing systems, court case and records management, public safety solutions (including computer-aided dispatch and records management), land and property management, permitting and licensing, and enterprise asset management.