Arizona State Retirement System Has $7.15 Million Position in Tyler Technologies, Inc. (NYSE:TYL)

Arizona State Retirement System increased its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,394 shares of the technology company’s stock after acquiring an additional 231 shares during the quarter. Arizona State Retirement System’s holdings in Tyler Technologies were worth $7,147,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Oregon Public Employees Retirement Fund increased its holdings in shares of Tyler Technologies by 0.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,668 shares of the technology company’s stock worth $2,115,000 after acquiring an additional 20 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Tyler Technologies by 18.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock worth $78,000 after acquiring an additional 21 shares during the last quarter. Baron Wealth Management LLC increased its holdings in shares of Tyler Technologies by 1.5% during the 4th quarter. Baron Wealth Management LLC now owns 1,487 shares of the technology company’s stock worth $857,000 after acquiring an additional 22 shares during the last quarter. Choreo LLC increased its holdings in shares of Tyler Technologies by 3.9% during the 4th quarter. Choreo LLC now owns 647 shares of the technology company’s stock worth $374,000 after acquiring an additional 24 shares during the last quarter. Finally, Argonautica Private Wealth Management Inc. increased its holdings in shares of Tyler Technologies by 2.2% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 1,123 shares of the technology company’s stock worth $648,000 after acquiring an additional 24 shares during the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Tyler Technologies Stock Performance

NYSE:TYL opened at $589.02 on Friday. The stock has a fifty day moving average price of $599.89 and a 200-day moving average price of $598.52. The company has a market cap of $25.34 billion, a price-to-earnings ratio of 97.20, a PEG 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 fifty-two week low of $397.80 and a fifty-two week high of $661.31.

Tyler Technologies (NYSE:TYL) last announced 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%. As a group, equities analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on TYL shares. The Goldman Sachs Group upped their price objective on Tyler Technologies from $660.00 to $728.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Truist Financial reaffirmed a “buy” rating and issued a $775.00 price objective (up from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $700.00 price objective on shares of Tyler Technologies in a report on Tuesday, January 21st. Piper Sandler upped their price objective on Tyler Technologies from $701.00 to $747.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Finally, Barclays upped their price objective on Tyler Technologies from $705.00 to $715.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $676.25.

Insider Buying and Selling

In related news, CEO H Lynn Moore, Jr. sold 6,514 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was 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 directly owns 75,734 shares in the company, valued at $46,772,561.06. This represents a 7.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian K. Miller sold 1,550 shares of the company’s 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 sale, the chief financial officer now owns 14,026 shares of the company’s stock, 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 sold a total of 14,816 shares of company stock worth $9,118,070 in the last ninety days. 2.20% of the stock is owned by insiders.

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.