New York State Teachers Retirement System Sells 881 Shares of Tyler Technologies, Inc. (NYSE:TYL)

New York State Teachers Retirement System cut its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,800 shares of the technology company's stock after selling 881 shares during the quarter. New York State Teachers Retirement System owned 0.09% of Tyler Technologies worth $21,220,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in shares of Tyler Technologies by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,108,908 shares of the technology company's stock valued at $645,585,000 after buying an additional 24,284 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Tyler Technologies by 2.0% during the 3rd quarter. Franklin Resources Inc. now owns 912,746 shares of the technology company's stock valued at $547,354,000 after buying an additional 17,943 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Tyler Technologies by 4.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 904,175 shares of the technology company's stock valued at $527,785,000 after buying an additional 36,066 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Tyler Technologies by 1,991.8% during the 4th 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. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Tyler Technologies by 148.2% during the 3rd 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. 93.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. JMP Securities increased their price target on Tyler Technologies from $580.00 to $700.00 and gave the company a "market outperform" rating in a report on Friday, October 25th. Oppenheimer increased their price target on Tyler Technologies from $625.00 to $700.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Truist Financial restated a "buy" rating and issued a $775.00 price objective (up from $685.00) on shares of Tyler Technologies in a research note on Friday, February 14th. DA Davidson restated a "neutral" rating and issued a $575.00 price objective on shares of Tyler Technologies in a research note on Thursday, January 30th. Finally, The Goldman Sachs Group upped their price objective on Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a research note on Tuesday. Three 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, Tyler Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $676.25.

Tyler Technologies Price Performance

TYL stock traded down $16.56 during trading on Thursday, reaching $628.12. The company's stock had a trading volume of 249,171 shares, compared to its average volume of 245,043. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year 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 company has a market capitalization of $26.88 billion, a P/E ratio of 103.65, a price-to-earnings-growth ratio of 5.01 and a beta of 0.78. The company's fifty day moving average is $597.46 and its 200-day moving average is $595.78.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share (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%. On average, research analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Brian K. Miller sold 2,500 shares of the firm's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $632.01, for a total transaction of $1,580,025.00. Following the completion of the transaction, the chief financial officer now owns 12,198 shares in the company, valued at $7,709,257.98. This trade represents a 17.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John S. Marr, Jr. sold 6,000 shares of the firm's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $633.55, for a total value of $3,801,300.00. Following the transaction, the insider now owns 6,983 shares of the company's stock, valued at approximately $4,424,079.65. The trade was a 46.21 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,502 shares of company stock worth $18,941,368. Corporate insiders own 2.20% of the company's stock.

Tyler Technologies 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.