New York State Teachers Retirement System Sells 1,101 Shares of Tyler Technologies, Inc. (NYSE:TYL)

New York State Teachers Retirement System trimmed its position in Tyler Technologies, Inc. (NYSE:TYL) by 2.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 37,681 shares of the technology company’s stock after selling 1,101 shares during the quarter. New York State Teachers Retirement System’s holdings in Tyler Technologies were worth $21,995,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Independence Bank of Kentucky bought a new stake in shares of Tyler Technologies in the second quarter worth about $25,000. Covestor Ltd increased its holdings in shares of Tyler Technologies by 153.6% in the first quarter. Covestor Ltd now owns 71 shares of the technology company’s stock worth $30,000 after purchasing an additional 43 shares during the last quarter. Blue Trust Inc. increased its stake in Tyler Technologies by 329.4% during the second quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock worth $37,000 after acquiring an additional 56 shares during the last quarter. Lynx Investment Advisory bought a new stake in Tyler Technologies during the second quarter worth approximately $38,000. Finally, Larson Financial Group LLC increased its stake in Tyler Technologies by 675.0% during the first quarter. Larson Financial Group LLC now owns 93 shares of the technology company’s stock worth $40,000 after acquiring an additional 81 shares during the last quarter. 93.30% of the stock is owned by institutional investors.

Tyler Technologies Stock Down 0.5 %

Shares of NYSE TYL opened at $602.61 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market capitalization of $25.79 billion, a price-to-earnings ratio of 109.97, a PEG ratio of 5.55 and a beta of 0.78. The stock has a 50 day moving average price of $587.48 and a 200 day moving average price of $532.08. Tyler Technologies, Inc. has a 52-week low of $378.56 and a 52-week high of $631.43.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.09. The firm had revenue of $543.34 million during the quarter, compared to analyst estimates of $547.34 million. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. Tyler Technologies’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.66 earnings per share. Sell-side analysts expect that Tyler Technologies, Inc. will post 7.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TYL. DA Davidson boosted their price objective on Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Needham & Company LLC boosted their price objective on Tyler Technologies from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group reissued a “buy” rating and set a $627.00 price objective on shares of Tyler Technologies in a research note on Friday, September 13th. Wells Fargo & Company boosted their price objective on Tyler Technologies from $580.00 to $600.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Finally, JMP Securities boosted their price objective on Tyler Technologies from $580.00 to $700.00 and gave the stock a “market outperform” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Tyler Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $642.62.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $567.96, for a total transaction of $1,135,920.00. Following the completion of the sale, the chief financial officer now owns 11,950 shares in the company, valued at $6,787,122. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Tyler Technologies news, CFO Brian K. Miller sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $567.96, for a total transaction of $1,135,920.00. Following the completion of the sale, the chief financial officer now owns 11,950 shares in the company, valued at $6,787,122. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John S. Marr, Jr. sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $578.94, for a total value of $2,894,700.00. Following the sale, the insider now owns 6,983 shares of the company’s stock, valued at approximately $4,042,738.02. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,100 shares of company stock worth $16,890,717. Company insiders own 2.20% 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.