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

Desjardins Global Asset Management Inc. trimmed its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 14.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 233 shares of the technology company’s stock after selling 38 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Tyler Technologies were worth $97,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other Tyler Technologies news, Director Glenn A. Carter sold 1,650 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $437.84, for a total transaction of $722,436.00. Following the completion of the sale, the director now directly owns 2,011 shares in the company, valued at approximately $880,496.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Tyler Technologies news, CFO Brian K. Miller sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $442.99, for a total transaction of $2,214,950.00. Following the completion of the sale, the chief financial officer now directly owns 14,610 shares in the company, valued at approximately $6,472,083.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Glenn A. Carter sold 1,650 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $437.84, for a total value of $722,436.00. Following the sale, the director now owns 2,011 shares of the company’s stock, valued at $880,496.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,608 shares of company stock worth $21,974,819. 2.20% of the stock is currently owned by company insiders.

Tyler Technologies Trading Up 0.1 %

NYSE:TYL opened at $403.35 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.20. Tyler Technologies, Inc. has a 1-year low of $361.16 and a 1-year high of $454.74. The firm has a market capitalization of $17.12 billion, a price-to-earnings ratio of 103.69, a price-to-earnings-growth ratio of 3.97 and a beta of 0.81. The stock has a fifty day simple moving average of $423.44 and a 200 day simple moving average of $413.63.

Tyler Technologies (NYSE:TYL) last announced 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. Tyler Technologies had a return on equity of 8.85% and a net margin of 8.50%. The firm had revenue of $480.94 million during the quarter, compared to analyst estimates of $483.34 million. Sell-side analysts forecast that Tyler Technologies, Inc. will post 6.77 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TYL. DA Davidson raised their target price on Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. JPMorgan Chase & Co. raised their target price on Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Needham & Company LLC raised their target price on Tyler Technologies from $475.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. JMP Securities reaffirmed a “market outperform” rating and set a $490.00 target price on shares of Tyler Technologies in a research note on Friday, February 16th. Finally, Piper Sandler raised their target price on Tyler Technologies from $480.00 to $520.00 and gave the company 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 an average rating of “Moderate Buy” and an average price target of $460.46.

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.