Bank of Montreal Can Sells 4,283 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Bank of Montreal Can cut its position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 11.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,543 shares of the technology company's stock after selling 4,283 shares during the period. Bank of Montreal Can owned about 0.08% of Tyler Technologies worth $19,342,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cerity Partners LLC raised its holdings in shares of Tyler Technologies by 13.1% during the fourth quarter. Cerity Partners LLC now owns 4,350 shares of the technology company's stock worth $2,528,000 after acquiring an additional 503 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Tyler Technologies by 3.0% in the fourth quarter. Federated Hermes Inc. now owns 218,574 shares of the technology company's stock valued at $126,039,000 after purchasing an additional 6,368 shares in the last quarter. Aviva PLC boosted its position in shares of Tyler Technologies by 482.0% during the fourth quarter. Aviva PLC now owns 25,672 shares of the technology company's stock worth $14,804,000 after buying an additional 21,261 shares during the period. Oarsman Capital Inc. raised its position in Tyler Technologies by 1.5% in the 4th quarter. Oarsman Capital Inc. now owns 4,008 shares of the technology company's stock valued at $2,311,000 after buying an additional 58 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. bought a new stake in Tyler Technologies in the 4th quarter valued at approximately $10,184,000. 93.30% of the stock is owned by institutional investors.

Tyler Technologies Trading Up 1.0 %

Shares of NYSE:TYL traded up $5.73 during mid-day trading on Thursday, reaching $575.02. 72,954 shares of the company's stock were exchanged, compared to its average volume of 252,561. The firm has a market capitalization of $24.79 billion, a price-to-earnings ratio of 94.65, a PEG ratio of 4.93 and a beta of 0.84. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. Tyler Technologies, Inc. has a twelve month low of $397.80 and a twelve month high of $661.31. The business's fifty day moving average price is $587.73 and its 200-day moving average price is $595.26.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. On average, research analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Insider Activity at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 6,514 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the completion of the sale, the chief executive officer now owns 75,734 shares of the company's stock, valued at $46,772,561.06. This trade represents a 7.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Brian K. Miller sold 1,550 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total transaction of $951,049.00. Following the transaction, the chief financial officer now directly owns 14,026 shares in the company, valued at approximately $8,606,073.08. This represents a 9.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,064 shares of company stock worth $8,688,030 in the last 90 days. Corporate insiders own 2.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TYL shares. Wells Fargo & Company reissued an "equal weight" rating and issued a $615.00 price objective (down previously from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. Truist Financial reaffirmed a "buy" rating and set a $775.00 price target (up previously from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. Piper Sandler upped their price target on shares of Tyler Technologies from $701.00 to $747.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. The Goldman Sachs Group raised their target price on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Finally, StockNews.com lowered shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Friday, April 11th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Tyler Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $675.00.

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.