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

New York State Teachers Retirement System lowered its position in Tyler Technologies, Inc. (NYSE:TYL) by 2.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,681 shares of the technology company’s stock after selling 1,101 shares during the period. New York State Teachers Retirement System owned 0.09% of Tyler Technologies worth $21,995,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TYL. Independence Bank of Kentucky purchased a new stake in shares of Tyler Technologies in the 2nd quarter worth approximately $25,000. Covestor Ltd grew its stake in shares of Tyler Technologies by 153.6% in the 1st quarter. Covestor Ltd now owns 71 shares of the technology company’s stock worth $30,000 after buying an additional 43 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Tyler Technologies by 329.4% in the 2nd quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock worth $37,000 after buying an additional 56 shares during the last quarter. Lynx Investment Advisory purchased a new stake in shares of Tyler Technologies in the 2nd quarter worth approximately $38,000. Finally, Larson Financial Group LLC grew its stake in shares of Tyler Technologies by 675.0% in the 1st quarter. Larson Financial Group LLC now owns 93 shares of the technology company’s stock worth $40,000 after buying an additional 81 shares during the last quarter. Institutional investors own 93.30% of the company’s stock.

Insider Activity at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $590.98, for a total transaction of $2,954,900.00. Following the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $44,323,500. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO H Lynn Moore, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $590.98, for a total transaction of $2,954,900.00. Following the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $44,323,500. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of Tyler Technologies stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $576.49, for a total value of $3,603,062.50. Following the transaction, the chief executive officer now owns 75,000 shares in the company, valued at $43,236,750. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,100 shares of company stock worth $16,890,717. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TYL. BTIG Research upped their price target on Tyler Technologies from $550.00 to $630.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Barclays upped their price target on Tyler Technologies from $700.00 to $705.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. StockNews.com upgraded Tyler Technologies from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Oppenheimer increased their target price on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, JMP Securities lifted their target price on Tyler Technologies from $580.00 to $700.00 and gave the stock a “market outperform” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Tyler Technologies presently has an average rating of “Moderate Buy” and an average price target of $642.62.

Tyler Technologies Stock Performance

Shares of TYL opened at $602.61 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21. Tyler Technologies, Inc. has a one year low of $378.56 and a one year high of $631.43. The firm has a market capitalization of $25.79 billion, a P/E ratio of 109.97, a PEG ratio of 5.55 and a beta of 0.78. The business has a fifty day moving average of $587.48 and a 200 day moving average of $532.08.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.43 by $0.09. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The company had revenue of $543.34 million during the quarter, compared to analyst estimates of $547.34 million. During the same quarter in the previous year, the company posted $1.66 earnings per share. Tyler Technologies’s revenue was up 9.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Tyler Technologies, Inc. will post 7.39 EPS for the current year.

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.