Teacher Retirement System of Texas Purchases 37,352 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Teacher Retirement System of Texas grew its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 385.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,030 shares of the technology company's stock after purchasing an additional 37,352 shares during the period. Teacher Retirement System of Texas owned about 0.11% of Tyler Technologies worth $27,119,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Oregon Public Employees Retirement Fund lifted its stake in Tyler Technologies by 0.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,668 shares of the technology company's stock valued at $2,115,000 after buying an additional 20 shares in the last quarter. Kensington Investment Counsel LLC lifted its position in shares of Tyler Technologies by 0.8% in the 4th quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company's stock valued at $1,439,000 after acquiring an additional 20 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Tyler Technologies by 18.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company's stock worth $78,000 after purchasing an additional 21 shares during the period. Baron Wealth Management LLC raised its stake in Tyler Technologies by 1.5% during the 4th quarter. Baron Wealth Management LLC now owns 1,487 shares of the technology company's stock valued at $857,000 after purchasing an additional 22 shares during the period. Finally, Choreo LLC lifted its holdings in shares of Tyler Technologies by 3.9% in the fourth quarter. Choreo LLC now owns 647 shares of the technology company's stock valued at $374,000 after purchasing an additional 24 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company's stock.

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Insider Activity

In other 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 stock was sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the completion of the transaction, the chief executive officer now directly owns 75,734 shares in the company, valued at $46,772,561.06. The trade was a 7.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian K. Miller sold 1,550 shares of the firm's 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 completion of the sale, the chief financial officer now owns 14,026 shares in the company, valued at approximately $8,606,073.08. The trade was a 9.95 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,064 shares of company stock valued at $8,688,030. 2.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TYL has been the topic of several recent analyst reports. DA Davidson reissued a "neutral" rating and set a $575.00 price target on shares of Tyler Technologies in a research report on Thursday, January 30th. Wells Fargo & Company reiterated an "equal weight" rating and issued a $615.00 target price (down previously from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Piper Sandler increased their price target on shares of Tyler Technologies from $701.00 to $747.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Needham & Company LLC reiterated a "buy" rating and issued a $700.00 price objective on shares of Tyler Technologies in a research note on Tuesday, January 21st. Finally, The Goldman Sachs Group lifted their target price on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tyler Technologies has a consensus rating of "Moderate Buy" and an average target price of $676.25.

Tyler Technologies Stock Down 0.5 %

Shares of TYL traded down $2.77 during trading hours on Wednesday, hitting $577.53. 206,013 shares of the company were exchanged, compared to its average volume of 260,370. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. The company has a market cap of $24.89 billion, a PE ratio of 95.30, a PEG ratio of 4.93 and a beta of 0.80. The firm's 50 day moving average is $599.38 and its 200-day moving average is $597.96. Tyler Technologies, Inc. has a 52 week low of $397.80 and a 52 week high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. On average, equities research analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal 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.