Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund reduced its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 7.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,390 shares of the technology company’s stock after selling 109 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Tyler Technologies were worth $591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Centered Wealth LLC dba Miller Equity Capital Advisors increased its position in Tyler Technologies by 0.8% during the 4th quarter. Centered Wealth LLC dba Miller Equity Capital Advisors now owns 3,920 shares of the technology company’s stock valued at $1,639,000 after buying an additional 30 shares in the last quarter. GW&K Investment Management LLC increased its position in Tyler Technologies by 0.3% during the 4th quarter. GW&K Investment Management LLC now owns 12,044 shares of the technology company’s stock valued at $5,035,000 after buying an additional 31 shares in the last quarter. Avantax Advisory Services Inc. increased its position in Tyler Technologies by 5.2% during the 4th quarter. Avantax Advisory Services Inc. now owns 670 shares of the technology company’s stock valued at $280,000 after buying an additional 33 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in Tyler Technologies by 3.3% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,044 shares of the technology company’s stock valued at $444,000 after buying an additional 33 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in Tyler Technologies by 0.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 10,965 shares of the technology company’s stock valued at $4,585,000 after purchasing an additional 34 shares during the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TYL. DA Davidson boosted their price target on Tyler Technologies from $456.00 to $525.00 and gave the company a “neutral” rating in a research note on Friday. BTIG Research increased their target price on Tyler Technologies from $550.00 to $630.00 and gave the company a “buy” rating in a report on Friday. Needham & Company LLC reissued a “buy” rating and set a $600.00 target price on shares of Tyler Technologies in a report on Thursday. The Goldman Sachs Group increased their target price on Tyler Technologies from $515.00 to $627.00 and gave the company a “buy” rating in a report on Friday. Finally, Wells Fargo & Company increased their target price on Tyler Technologies from $580.00 to $600.00 and gave the company an “overweight” rating in a report on Friday. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Tyler Technologies has an average rating of “Moderate Buy” and a consensus target price of $582.31.

Tyler Technologies Trading Up 4.7 %

Shares of TYL traded up $26.31 during midday trading on Friday, hitting $590.65. 584,307 shares of the stock were exchanged, compared to its average volume of 230,240. Tyler Technologies, Inc. has a 52-week low of $361.16 and a 52-week high of $593.50. The stock has a fifty day simple moving average of $499.37 and a 200 day simple moving average of $457.35. The firm has a market cap of $25.08 billion, a P/E ratio of 133.63, a P/E/G ratio of 5.54 and a beta of 0.76. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.94 and a current ratio of 1.06.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, July 24th. The technology company reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.06. The firm had revenue of $540.98 million during the quarter, compared to analyst estimates of $541.01 million. Tyler Technologies had a return on equity of 9.66% and a net margin of 10.24%. Tyler Technologies’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the business posted $1.53 earnings per share. On average, research analysts anticipate that Tyler Technologies, Inc. will post 6.5 EPS for the current fiscal year.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $483.21, for a total value of $2,899,260.00. Following the sale, the insider now directly owns 6,983 shares in the company, valued at $3,374,255.43. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Tyler Technologies news, Director Brenda A. Cline sold 5,000 shares of Tyler Technologies stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $458.83, for a total value of $2,294,150.00. Following the sale, the director now owns 1,358 shares of the company’s stock, valued at approximately $623,091.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $483.21, for a total value of $2,899,260.00. Following the completion of the sale, the insider now directly owns 6,983 shares in the company, valued at approximately $3,374,255.43. The disclosure for this sale can be found here. Insiders have sold a total of 26,241 shares of company stock worth $12,495,890 over the last ninety days. Corporate insiders own 2.20% of the company’s stock.

Tyler Technologies 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.