Natixis Advisors LLC Lowers Stock Holdings in Tyler Technologies, Inc. $TYL

Natixis Advisors LLC reduced its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 41.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,353 shares of the technology company’s stock after selling 21,348 shares during the quarter. Natixis Advisors LLC’s holdings in Tyler Technologies were worth $15,879,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in TYL. DLD Asset Management LP acquired a new stake in Tyler Technologies in the 2nd quarter worth about $5,780,190,000. Vanguard Group Inc. increased its stake in shares of Tyler Technologies by 4.2% during the 3rd quarter. Vanguard Group Inc. now owns 5,805,036 shares of the technology company’s stock valued at $3,036,963,000 after acquiring an additional 234,916 shares during the last quarter. State Street Corp lifted its holdings in shares of Tyler Technologies by 4.5% during the 2nd quarter. State Street Corp now owns 1,913,672 shares of the technology company’s stock worth $1,134,501,000 after acquiring an additional 81,679 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Tyler Technologies by 11.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,410,640 shares of the technology company’s stock worth $738,010,000 after acquiring an additional 144,612 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Tyler Technologies by 2.6% in the second quarter. Geode Capital Management LLC now owns 1,206,406 shares of the technology company’s stock worth $713,144,000 after acquiring an additional 30,686 shares during the last quarter. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, COO Jeffrey David Puckett sold 5,174 shares of the firm’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $369.93, for a total value of $1,914,017.82. Following the transaction, the chief operating officer directly owned 7,754 shares of the company’s stock, valued at $2,868,437.22. This trade represents a 40.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Daniel M. Pope sold 500 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $355.40, for a total value of $177,700.00. Following the transaction, the director owned 2,871 shares in the company, valued at approximately $1,020,353.40. This represents a 14.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 6,674 shares of company stock worth $2,540,228 in the last quarter. 1.10% of the stock is owned by corporate insiders.

Tyler Technologies Stock Performance

NYSE TYL opened at $345.59 on Friday. The firm has a market capitalization of $14.86 billion, a price-to-earnings ratio of 48.00, a PEG ratio of 2.34 and a beta of 0.90. Tyler Technologies, Inc. has a one year low of $283.71 and a one year high of $621.34. The company’s 50 day moving average price is $379.75 and its 200 day moving average price is $455.31.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, February 11th. The technology company reported $2.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.07). Tyler Technologies had a return on equity of 10.42% and a net margin of 13.53%.The business had revenue of $575.18 million during the quarter, compared to analyst estimates of $591.09 million. During the same period in the previous year, the company earned $2.43 EPS. Tyler Technologies’s revenue was up 6.3% on a year-over-year basis. Sell-side analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on TYL shares. Cantor Fitzgerald restated a “neutral” rating and issued a $325.00 target price on shares of Tyler Technologies in a report on Friday, February 13th. Needham & Company LLC reiterated a “buy” rating and issued a $750.00 price target on shares of Tyler Technologies in a report on Tuesday, February 3rd. Wells Fargo & Company lowered their price objective on shares of Tyler Technologies from $420.00 to $335.00 and set an “equal weight” rating for the company in a research note on Friday, February 13th. Robert W. Baird set a $440.00 price objective on Tyler Technologies in a report on Friday, February 13th. Finally, TD Cowen cut their target price on Tyler Technologies from $600.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $467.54.

Tyler Technologies Company 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.