iA Global Asset Management Inc. Boosts Holdings in Tyler Technologies, Inc. $TYL

iA Global Asset Management Inc. grew its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 15.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 929 shares of the technology company’s stock after purchasing an additional 123 shares during the period. iA Global Asset Management Inc.’s holdings in Tyler Technologies were worth $551,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Mowery & Schoenfeld Wealth Management LLC raised its stake in shares of Tyler Technologies by 820.0% during the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company’s stock valued at $27,000 after purchasing an additional 41 shares during the period. Generali Asset Management SPA SGR purchased a new stake in shares of Tyler Technologies during the second quarter valued at approximately $30,000. Cornerstone Planning Group LLC raised its stake in shares of Tyler Technologies by 221.1% during the first quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company’s stock valued at $35,000 after purchasing an additional 42 shares during the period. Zions Bancorporation National Association UT purchased a new stake in shares of Tyler Technologies during the first quarter valued at approximately $38,000. Finally, Advisors Asset Management Inc. purchased a new stake in shares of Tyler Technologies during the first quarter valued at approximately $38,000. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on TYL shares. Robert W. Baird set a $660.00 price target on shares of Tyler Technologies in a research note on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Tyler Technologies in a report on Tuesday, October 14th. Oppenheimer reiterated an “outperform” rating and set a $600.00 target price on shares of Tyler Technologies in a research note on Thursday. UBS Group reiterated an “overweight” rating on shares of Tyler Technologies in a research note on Wednesday, October 8th. Finally, Evercore ISI reiterated a “positive” rating on shares of Tyler Technologies in a research note on Friday. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Tyler Technologies presently has an average rating of “Moderate Buy” and an average target price of $660.09.

Tyler Technologies Price Performance

TYL stock opened at $467.60 on Tuesday. Tyler Technologies, Inc. has a 1-year low of $450.00 and a 1-year high of $661.31. The firm has a fifty day moving average price of $523.37 and a two-hundred day moving average price of $553.72. The firm has a market cap of $20.12 billion, a price-to-earnings ratio of 65.03, a PEG ratio of 3.67 and a beta of 0.89.

Insider Transactions at Tyler Technologies

In other news, insider John S. Marr, Jr. sold 4,250 shares of the company’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $555.53, for a total transaction of $2,361,002.50. Following the completion of the transaction, the insider owned 6,983 shares in the company, valued at approximately $3,879,265.99. This represents a 37.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Glenn A. Carter sold 750 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $538.30, for a total transaction of $403,725.00. Following the transaction, the director owned 3,172 shares of the company’s stock, valued at $1,707,487.60. This represents a 19.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 14,250 shares of company stock worth $8,099,000. Insiders own 1.10% of the company’s stock.

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.