Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Fiera Capital Corp

Key Points

• Fiera Capital Corp reduced its stake in Tyler Technologies by 36.6%, holding 111,499 shares worth approximately $64.82 million after a sale of 64,444 shares.
• Insider sales included CEO H Lynn Moore, Jr. selling 5,250 shares for over $3 million, resulting in a 6.03% decrease in his ownership.
• Current analysts maintain a consensus rating of Moderate Buy for Tyler Technologies, with a price target averaging around $685.09.

Fiera Capital Corp lessened its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 36.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,499 shares of the technology company's stock after selling 64,444 shares during the quarter. Fiera Capital Corp owned 0.26% of Tyler Technologies worth $64,824,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Retirement Wealth Solutions LLC acquired a new stake in Tyler Technologies in the 1st quarter valued at about $26,000. Mowery & Schoenfeld Wealth Management LLC grew its stake in Tyler Technologies by 820.0% in the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company's stock valued at $27,000 after acquiring an additional 41 shares during the last quarter. Brown Brothers Harriman & Co. grew its stake in Tyler Technologies by 300.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock valued at $32,000 after acquiring an additional 42 shares during the last quarter. Cornerstone Planning Group LLC grew its stake in Tyler Technologies by 221.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company's stock valued at $35,000 after acquiring an additional 42 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in Tyler Technologies in the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 93.30% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on TYL shares. Piper Sandler lowered their price objective on shares of Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. Robert W. Baird lowered their price objective on shares of Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Barclays raised their price target on shares of Tyler Technologies from $695.00 to $715.00 and gave the stock an "overweight" rating in a research note on Thursday. Wells Fargo & Company decreased their price target on shares of Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Wall Street Zen cut shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $686.91.

Insider Buying and Selling at Tyler Technologies

In related news, CFO Brian K. Miller sold 3,333 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $568.46, for a total value of $1,894,677.18. Following the transaction, the chief financial officer owned 11,231 shares in the company, valued at approximately $6,384,374.26. This trade represents a 22.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $585.18, for a total transaction of $3,072,195.00. Following the completion of the transaction, the chief executive officer owned 81,775 shares in the company, valued at $47,853,094.50. The trade was a 6.03% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,135 shares of company stock worth $14,976,480. 1.10% of the stock is currently owned by corporate insiders.

Tyler Technologies Stock Down 0.7%

Shares of TYL traded down $4.14 during mid-day trading on Friday, hitting $580.42. The company had a trading volume of 350,566 shares, compared to its average volume of 289,652. The business's 50-day simple moving average is $573.50 and its 200-day simple moving average is $578.30. Tyler Technologies, Inc. has a 1-year low of $513.52 and a 1-year high of $661.31. The stock has a market cap of $25.03 billion, a PE ratio of 82.92, a P/E/G ratio of 4.33 and a beta of 0.84.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, beating the consensus estimate of $2.78 by $0.13. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.52%. The firm had revenue of $584.01 million for the quarter, compared to analyst estimates of $587.59 million. During the same quarter last year, the firm posted $2.40 earnings per share. Tyler Technologies's revenue for the quarter was up 10.2% compared to the same quarter last year. On average, sell-side analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current 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.