New York State Common Retirement Fund Has $91.08 Million Stake in Tyler Technologies, Inc. (NYSE:TYL)

New York State Common Retirement Fund reduced its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 8.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 157,945 shares of the technology company's stock after selling 14,179 shares during the quarter. New York State Common Retirement Fund owned about 0.37% of Tyler Technologies worth $91,077,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Van ECK Associates Corp lifted its holdings in Tyler Technologies by 1,991.8% in the fourth quarter. Van ECK Associates Corp now owns 550,580 shares of the technology company's stock valued at $317,486,000 after buying an additional 524,259 shares during the period. International Assets Investment Management LLC lifted its holdings in Tyler Technologies by 252,047.5% in the third quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company's stock valued at $179,564,000 after buying an additional 307,498 shares during the period. JPMorgan Chase & Co. lifted its holdings in Tyler Technologies by 148.2% in the third quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company's stock valued at $269,369,000 after buying an additional 275,511 shares during the period. Seilern Investment Management Ltd acquired a new position in Tyler Technologies in the fourth quarter valued at approximately $105,549,000. Finally, FMR LLC lifted its holdings in Tyler Technologies by 94.1% in the third quarter. FMR LLC now owns 109,319 shares of the technology company's stock valued at $63,812,000 after buying an additional 52,984 shares during the period. 93.30% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CFO Brian K. Miller sold 2,500 shares of Tyler Technologies stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 12,198 shares of the company's stock, valued at $7,709,257.98. This trade represents a 17.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $633.55, for a total transaction of $3,801,300.00. Following the completion of the transaction, the insider now directly owns 6,983 shares of the company's stock, valued at approximately $4,424,079.65. This trade represents a 46.21 % 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 worth $18,941,368 over the last ninety days. Company insiders own 2.20% of the company's stock.

Wall Street Analyst Weigh In

TYL has been the topic of several analyst reports. StockNews.com upgraded shares of Tyler Technologies from a "hold" rating to a "buy" rating in a report on Friday, February 14th. Needham & Company LLC restated a "buy" rating and issued a $700.00 price objective on shares of Tyler Technologies in a report on Tuesday, January 21st. Piper Sandler increased their target price on shares of Tyler Technologies from $701.00 to $747.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. The Goldman Sachs Group increased their target price on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, Barclays increased their target price on shares of Tyler Technologies from $705.00 to $715.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, Tyler Technologies presently has an average rating of "Moderate Buy" and an average price target of $676.25.

Tyler Technologies Stock Down 2.6 %

Shares of NYSE:TYL traded down $16.56 during midday trading on Thursday, reaching $628.12. 249,171 shares of the company were exchanged, compared to its average volume of 245,045. Tyler Technologies, Inc. has a fifty-two week low of $397.80 and a fifty-two week high of $661.31. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. The stock has a fifty day simple moving average of $597.46 and a two-hundred day simple moving average of $595.78. The firm has a market cap of $26.88 billion, a PE ratio of 103.65, a P/E/G ratio of 5.01 and a beta of 0.78.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 EPS for the quarter, missing analysts' consensus estimates of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. As a group, sell-side analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

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.