State of Tennessee Department of Treasury Has $7.07 Million Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

State of Tennessee Department of Treasury decreased its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 23.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 12,264 shares of the technology company's stock after selling 3,673 shares during the period. State of Tennessee Department of Treasury's holdings in Tyler Technologies were worth $7,072,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in TYL. Larson Financial Group LLC grew its holdings in Tyler Technologies by 221.4% during the fourth quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock valued at $26,000 after purchasing an additional 31 shares during the last quarter. Sierra Ocean LLC acquired a new position in Tyler Technologies in the 4th quarter valued at $32,000. Brown Brothers Harriman & Co. raised its holdings in Tyler Technologies by 300.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock worth $32,000 after acquiring an additional 42 shares during the period. OFI Invest Asset Management acquired a new position in Tyler Technologies during the 4th quarter worth $41,000. Finally, Smithfield Trust Co boosted its holdings in Tyler Technologies by 55.6% during the fourth quarter. Smithfield Trust Co now owns 84 shares of the technology company's stock valued at $48,000 after acquiring an additional 30 shares during the period. 93.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TYL has been the subject of several research analyst reports. Barclays cut their price objective on Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating for the company in a research report on Friday. Wells Fargo & Company decreased their price target on shares of Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. The Goldman Sachs Group upped their price objective on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. StockNews.com raised Tyler Technologies from a "hold" rating to a "buy" rating in a research report on Thursday, April 24th. Finally, Robert W. Baird cut their price target on Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a report on Friday. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $674.67.

Tyler Technologies Price Performance

Shares of TYL stock traded up $13.21 during trading hours on Tuesday, reaching $534.93. 275,467 shares of the company were exchanged, compared to its average volume of 256,797. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. The company has a market cap of $23.06 billion, a price-to-earnings ratio of 88.13, a P/E/G ratio of 4.93 and a beta of 0.84. The stock's fifty day moving average is $574.89 and its two-hundred day moving average is $593.48. Tyler Technologies, Inc. has a fifty-two week low of $452.57 and a fifty-two week high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.78 EPS for the quarter, beating analysts' consensus estimates of $2.56 by $0.22. The firm had revenue of $562.43 million for the quarter, compared to analyst estimates of $556.45 million. Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. The business's quarterly revenue was up 10.3% compared to the same quarter last year. During the same period last year, the company earned $2.20 EPS. Sell-side analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,514 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total value of $4,022,981.26. Following the completion of the sale, the chief executive officer now owns 75,734 shares of the company's stock, valued at approximately $46,772,561.06. This represents a 7.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian K. Miller sold 1,550 shares of Tyler Technologies stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total transaction of $951,049.00. Following the transaction, the chief financial officer now directly owns 14,026 shares in the company, valued at approximately $8,606,073.08. This represents a 9.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 14,064 shares of company stock valued at $8,688,030. 1.10% of the stock is currently owned by insiders.

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.