Tyler Technologies, Inc. $TYL Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 0.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 129,333 shares of the technology company’s stock after selling 1,122 shares during the quarter. New York State Common Retirement Fund owned approximately 0.30% of Tyler Technologies worth $76,674,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of TYL. Cetera Investment Advisers increased its holdings in shares of Tyler Technologies by 10.4% in the 1st quarter. Cetera Investment Advisers now owns 12,152 shares of the technology company’s stock valued at $7,065,000 after acquiring an additional 1,149 shares during the last quarter. LPL Financial LLC raised its holdings in Tyler Technologies by 25.6% during the first quarter. LPL Financial LLC now owns 16,787 shares of the technology company’s stock worth $9,760,000 after purchasing an additional 3,424 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Tyler Technologies by 11.6% during the 1st quarter. Mackenzie Financial Corp now owns 3,086 shares of the technology company’s stock worth $1,794,000 after buying an additional 320 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Tyler Technologies during the 1st quarter worth approximately $617,000. Finally, Eastern Bank boosted its holdings in shares of Tyler Technologies by 870.0% in the 1st quarter. Eastern Bank now owns 97 shares of the technology company’s stock valued at $56,000 after buying an additional 87 shares in the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Glenn A. Carter sold 750 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $538.30, for a total transaction of $403,725.00. Following the completion of the sale, the director directly owned 3,172 shares of the company’s stock, valued at $1,707,487.60. This trade represents a 19.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John S. Marr, Jr. sold 4,000 shares of Tyler Technologies stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $560.65, for a total transaction of $2,242,600.00. Following the completion of the transaction, the insider owned 6,983 shares in the company, valued at approximately $3,915,018.95. This trade represents a 36.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 5,750 shares of company stock valued at $3,115,405 over the last three months. 1.10% of the stock is currently owned by company insiders.

Tyler Technologies Stock Up 0.8%

NYSE TYL opened at $469.62 on Friday. The firm has a market cap of $20.21 billion, a P/E ratio of 65.32, a P/E/G ratio of 3.67 and a beta of 0.93. Tyler Technologies, Inc. has a 52-week low of $450.00 and a 52-week high of $661.31. The business’s 50-day moving average price is $491.34 and its 200 day moving average price is $542.34.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, October 29th. The technology company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.88 by $0.09. Tyler Technologies had a return on equity of 10.64% and a net margin of 13.72%.The firm had revenue of $595.88 million during the quarter, compared to the consensus estimate of $594.34 million. During the same period in the prior year, the business earned $2.52 EPS. The firm’s revenue was up 10.2% compared to the same quarter last year. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. As a group, analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on TYL shares. Weiss Ratings reissued a “hold (c)” rating on shares of Tyler Technologies in a research 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 report on Thursday, October 30th. UBS Group reissued an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. DA Davidson dropped their price target on Tyler Technologies from $560.00 to $540.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Finally, Evercore ISI reiterated a “positive” rating on shares of Tyler Technologies in a research note on Friday, October 31st. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $660.09.

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.