New York State Common Retirement Fund Sells 14,179 Shares of Tyler Technologies, Inc. (NYSE:TYL)

New York State Common Retirement Fund lessened its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 8.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 157,945 shares of the technology company’s stock after selling 14,179 shares during the period. New York State Common Retirement Fund owned approximately 0.37% of Tyler Technologies worth $91,077,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in TYL. Van ECK Associates Corp boosted its holdings in shares of Tyler Technologies by 1,991.8% during the fourth quarter. Van ECK Associates Corp now owns 550,580 shares of the technology company’s stock worth $317,486,000 after acquiring an additional 524,259 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Tyler Technologies by 252,047.5% during the third quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company’s stock worth $179,564,000 after acquiring an additional 307,498 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Tyler Technologies by 148.2% during the third quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company’s stock worth $269,369,000 after acquiring an additional 275,511 shares during the period. Seilern Investment Management Ltd bought a new stake in shares of Tyler Technologies during the fourth quarter worth approximately $105,549,000. Finally, FMR LLC boosted its holdings in shares of Tyler Technologies by 94.1% during the third quarter. FMR LLC now owns 109,319 shares of the technology company’s stock worth $63,812,000 after acquiring an additional 52,984 shares during the period. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Up 0.6 %

Shares of NYSE:TYL opened at $644.14 on Thursday. The company has a fifty day moving average of $597.46 and a 200-day moving average of $595.78. The company has a market capitalization of $27.57 billion, a PE ratio of 106.29, a price-to-earnings-growth ratio of 5.01 and a beta of 0.78. 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 8.54 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Brian K. Miller sold 2,500 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $632.01, for a total value of $1,580,025.00. Following the sale, the chief financial officer now owns 12,198 shares of the company’s stock, valued at $7,709,257.98. The trade was a 17.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO H Lynn Moore, Jr. sold 3,250 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $631.41, for a total transaction of $2,052,082.50. Following the completion of the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $47,355,750. This represents a 4.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,502 shares of company stock valued at $18,941,368 over the last 90 days. 1.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Oppenheimer boosted their price target on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Barclays boosted their price target on Tyler Technologies from $705.00 to $715.00 and gave the company an “overweight” rating 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. Piper Sandler boosted their price target on Tyler Technologies from $701.00 to $747.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Finally, Robert W. Baird boosted their price target on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $676.25.

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.