New York State Common Retirement Fund Sells 81,937 Shares of Tyler Technologies, Inc. (NYSE:TYL)

New York State Common Retirement Fund lessened its position in Tyler Technologies, Inc. (NYSE:TYL) by 32.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 172,124 shares of the technology company’s stock after selling 81,937 shares during the quarter. 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 institutional investors and hedge funds have also recently bought and sold shares of the company. Stephens Inc. AR increased its stake in shares of Tyler Technologies by 1.5% in the third quarter. Stephens Inc. AR now owns 3,196 shares of the technology company’s stock worth $1,866,000 after purchasing an additional 47 shares during the period. AustralianSuper Pty Ltd increased its position in Tyler Technologies by 127.5% in the 3rd quarter. AustralianSuper Pty Ltd now owns 992 shares of the technology company’s stock worth $579,000 after buying an additional 556 shares during the period. HM Payson & Co. lifted its holdings in shares of Tyler Technologies by 1.2% during the third quarter. HM Payson & Co. now owns 63,109 shares of the technology company’s stock worth $36,838,000 after buying an additional 768 shares during the last quarter. Diversify Wealth Management LLC boosted its position in shares of Tyler Technologies by 8.4% in the third quarter. Diversify Wealth Management LLC now owns 1,037 shares of the technology company’s stock valued at $604,000 after acquiring an additional 80 shares during the period. Finally, abrdn plc grew its stake in shares of Tyler Technologies by 32.9% in the third quarter. abrdn plc now owns 12,340 shares of the technology company’s stock worth $7,180,000 after acquiring an additional 3,056 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TYL shares. StockNews.com raised shares of Tyler Technologies from a “hold” rating to a “buy” rating in a report on Friday, October 25th. Piper Sandler lifted their target price on Tyler Technologies from $625.00 to $701.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Evercore ISI raised Tyler Technologies to a “hold” rating in a report on Friday, July 26th. Truist Financial reissued a “buy” rating and set a $685.00 price objective (up previously from $600.00) on shares of Tyler Technologies in a report on Friday, October 25th. Finally, JMP Securities upped their target price 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. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $642.62.

Insider Buying and Selling at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 6,250 shares of the stock in a transaction that occurred on 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 sale, 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 Securities & Exchange Commission, which is available through this link. In other news, CFO Brian K. Miller sold 2,000 shares of Tyler Technologies stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $567.96, for a total transaction of $1,135,920.00. Following the completion of the sale, the chief financial officer now owns 11,950 shares in the company, valued at $6,787,122. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now owns 75,000 shares of the company’s stock, valued at $43,236,750. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,100 shares of company stock worth $16,890,717. 2.20% of the stock is currently owned by insiders.

Tyler Technologies Stock Down 0.5 %

Shares of NYSE TYL opened at $602.61 on Friday. Tyler Technologies, Inc. has a 52-week low of $378.56 and a 52-week high of $631.43. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. The business has a fifty day moving average of $587.48 and a two-hundred day moving average of $532.08. The stock has a market cap of $25.79 billion, a PE ratio of 109.97, a PEG ratio of 5.55 and a beta of 0.78.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.09. The firm had revenue of $543.34 million during the quarter, compared to the consensus estimate of $547.34 million. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the firm posted $1.66 EPS. As a group, equities research analysts expect that Tyler Technologies, Inc. will post 7.39 earnings per share for the current fiscal year.

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.