National Pension Service Sells 1,768 Shares of Tyler Technologies, Inc. (NYSE:TYL)

National Pension Service lessened its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 2.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,347 shares of the technology company's stock after selling 1,768 shares during the quarter. National Pension Service owned about 0.16% of Tyler Technologies worth $40,479,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Independence Bank of Kentucky bought a new position in Tyler Technologies in the second quarter valued at about $25,000. Covestor Ltd boosted 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 valued at $30,000 after purchasing an additional 43 shares during the last quarter. Blue Trust Inc. grew its position in shares of Tyler Technologies by 329.4% during 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 period. Lynx Investment Advisory acquired a new position in Tyler Technologies in the second quarter valued at approximately $38,000. Finally, Larson Financial Group LLC boosted its stake in Tyler Technologies by 675.0% in the first quarter. Larson Financial Group LLC now owns 93 shares of the technology company's stock valued at $40,000 after acquiring an additional 81 shares during the last quarter. 93.30% of the stock is owned by institutional investors.

Insider Transactions at Tyler Technologies

In related news, CFO Brian K. Miller sold 2,500 shares of the firm's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $586.97, for a total value of $1,467,425.00. Following the completion of the transaction, the chief financial officer now owns 11,950 shares of the company's stock, valued at approximately $7,014,291.50. This trade represents 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 this hyperlink. In other Tyler Technologies news, CFO Brian K. Miller sold 2,500 shares of the firm's stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $586.97, for a total value of $1,467,425.00. Following the completion of the transaction, the chief financial officer now directly owns 11,950 shares in the company, valued at $7,014,291.50. This trade represents 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 available through this link. Also, CEO H Lynn Moore, Jr. sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $576.62, for a total value of $2,883,100.00. Following the sale, the chief executive officer now owns 75,000 shares in the company, valued at approximately $43,246,500. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,850 shares of company stock valued at $12,151,735 over the last 90 days. 1.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TYL has been the subject of several recent research reports. Robert W. Baird upped their target price on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. Evercore ISI upgraded Tyler Technologies to a "hold" rating in a report on Friday, July 26th. Piper Sandler boosted their target price on Tyler Technologies from $625.00 to $701.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. Oppenheimer increased their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. Finally, Barclays boosted their price objective on shares of Tyler Technologies from $700.00 to $705.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $642.62.

Tyler Technologies Stock Up 2.0 %

Shares of TYL traded up $12.15 during midday trading on Thursday, hitting $615.35. The stock had a trading volume of 266,235 shares, compared to its average volume of 228,905. The firm has a market cap of $26.34 billion, a price-to-earnings ratio of 110.07, a price-to-earnings-growth ratio of 5.42 and a beta of 0.77. The company has a 50 day simple moving average of $589.67 and a two-hundred day simple moving average of $538.62. Tyler Technologies, Inc. has a twelve month low of $397.80 and a twelve month high of $631.43. 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 (NYSE:TYL - Get Free Report) last announced its 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. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The business had revenue of $543.34 million for the quarter, compared to analyst estimates of $547.34 million. During the same quarter last year, the firm earned $1.66 EPS. Tyler Technologies's revenue for the quarter was up 9.8% compared to the same quarter last year. On average, 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.