Cibc World Markets Corp Purchases 971 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Cibc World Markets Corp raised its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 16.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,736 shares of the technology company’s stock after acquiring an additional 971 shares during the period. Cibc World Markets Corp’s holdings in Tyler Technologies were worth $3,884,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Corient Private Wealth LLC boosted its holdings in shares of Tyler Technologies by 83.8% during the fourth quarter. Corient Private Wealth LLC now owns 10,332 shares of the technology company’s stock worth $5,958,000 after acquiring an additional 4,712 shares during the period. Gitterman Wealth Management LLC boosted its holdings in shares of Tyler Technologies by 6.5% during the fourth quarter. Gitterman Wealth Management LLC now owns 410 shares of the technology company’s stock worth $236,000 after acquiring an additional 25 shares during the period. Natixis Advisors LLC boosted its stake in shares of Tyler Technologies by 2.4% in the fourth quarter. Natixis Advisors LLC now owns 40,026 shares of the technology company’s stock valued at $23,080,000 after buying an additional 937 shares during the period. Frank Rimerman Advisors LLC boosted its stake in shares of Tyler Technologies by 121.1% in the fourth quarter. Frank Rimerman Advisors LLC now owns 860 shares of the technology company’s stock valued at $496,000 after buying an additional 471 shares during the period. Finally, Postrock Partners LLC bought a new stake in shares of Tyler Technologies in the fourth quarter valued at approximately $363,000. Institutional investors own 93.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Wells Fargo & Company reiterated an “equal weight” rating and issued a $615.00 price target (down from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. Truist Financial reiterated a “buy” rating and issued a $775.00 price target (up from $685.00) on shares of Tyler Technologies in a research note on Friday, February 14th. Needham & Company LLC reiterated a “buy” rating and issued a $700.00 price target on shares of Tyler Technologies in a research note on Tuesday, January 21st. The Goldman Sachs Group boosted their price target on Tyler Technologies from $660.00 to $728.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Finally, DA Davidson reiterated a “neutral” rating and issued a $575.00 price target on shares of Tyler Technologies in a research note on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $676.25.

Insider Transactions at Tyler Technologies

In related news, 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 value of $951,049.00. Following the completion of the sale, the chief financial officer now directly owns 14,026 shares in the company, valued at $8,606,073.08. This represents a 9.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total value 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. The trade was a 7.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,064 shares of company stock worth $8,688,030. Corporate insiders own 2.20% of the company’s stock.

Tyler Technologies Stock Up 0.6 %

Shares of NYSE:TYL opened at $578.40 on Thursday. The company has a fifty day moving average of $598.88 and a 200-day moving average of $598.17. The company has a market capitalization of $24.88 billion, a PE ratio of 95.44, a price-to-earnings-growth ratio of 4.93 and a beta of 0.80. 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 52-week low of $397.80 and a 52-week high of $661.31.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) 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, equities analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

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.