Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund cut its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 32.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 172,124 shares of the technology company's stock after selling 81,937 shares during the period. New York State Common Retirement Fund owned about 0.40% of Tyler Technologies worth $100,472,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TYL. Swedbank AB purchased a new position in Tyler Technologies in the second quarter valued at $251,390,000. International Assets Investment Management LLC raised its stake 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 in the last quarter. Janus Henderson Group PLC raised its stake in Tyler Technologies by 15.3% in the first quarter. Janus Henderson Group PLC now owns 532,935 shares of the technology company's stock valued at $226,501,000 after buying an additional 70,801 shares in the last quarter. Quantum Capital Management LLC NJ raised its stake in Tyler Technologies by 179.4% in the first quarter. Quantum Capital Management LLC NJ now owns 107,760 shares of the technology company's stock valued at $45,799,000 after buying an additional 69,189 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in Tyler Technologies by 18.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 424,982 shares of the technology company's stock valued at $180,622,000 after buying an additional 65,814 shares in the last quarter. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TYL. JMP Securities raised their price target on Tyler Technologies from $580.00 to $700.00 and gave the company a "market outperform" rating in a research note on Friday, October 25th. Barclays raised their price target on Tyler Technologies from $700.00 to $705.00 and gave the company 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. Wells Fargo & Company raised their price target on Tyler Technologies from $580.00 to $600.00 and gave the company an "overweight" rating in a research note on Friday, July 26th. Finally, BTIG Research raised their price target on Tyler Technologies from $550.00 to $630.00 and gave the company a "buy" rating in a research note on Friday, July 26th. Two equities research 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.com, Tyler Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $642.62.

Insider Activity

In related news, CEO H Lynn Moore, Jr. sold 6,250 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $576.49, for a total transaction of $3,603,062.50. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares of the company's stock, valued at $43,236,750. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO H Lynn Moore, Jr. sold 6,250 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $576.49, for a total transaction of $3,603,062.50. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares of the company's stock, valued at $43,236,750. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Brian K. Miller sold 2,000 shares of the stock in a transaction dated 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 transaction, the chief financial officer now directly owns 11,950 shares of the company's stock, valued at $6,787,122. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,100 shares of company stock valued at $16,890,717 over the last quarter. Corporate insiders own 2.20% of the company's stock.

Tyler Technologies Stock Performance

TYL traded down $2.84 on Friday, hitting $602.75. 238,961 shares of the company traded hands, compared to its average volume of 248,112. Tyler Technologies, Inc. has a 12-month low of $378.56 and a 12-month high of $631.43. The company has a 50 day moving average of $588.09 and a 200-day moving average of $533.48. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $25.80 billion, a PE ratio of 109.99, a PEG ratio of 5.46 and a beta of 0.77.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.43 by $0.09. The business had revenue of $543.34 million during the quarter, compared to analysts' expectations of $547.34 million. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The company's quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.66 earnings per share. Sell-side analysts anticipate that Tyler Technologies, Inc. will post 7.39 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.