Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lessened its stake in Tyler Technologies, Inc. (NYSE:TYLFree Report) by 4.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,330 shares of the technology company’s stock after selling 1,059 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.05% of Tyler Technologies worth $8,623,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TYL. First Trust Direct Indexing L.P. grew its position in Tyler Technologies by 2.7% in the third quarter. First Trust Direct Indexing L.P. now owns 1,095 shares of the technology company’s stock worth $423,000 after acquiring an additional 29 shares in the last quarter. Sunbelt Securities Inc. grew its position in Tyler Technologies by 2.6% in the second quarter. Sunbelt Securities Inc. now owns 1,167 shares of the technology company’s stock worth $486,000 after acquiring an additional 30 shares in the last quarter. Bouvel Investment Partners LLC grew its position in Tyler Technologies by 0.7% in the third quarter. Bouvel Investment Partners LLC now owns 4,919 shares of the technology company’s stock worth $1,899,000 after acquiring an additional 32 shares in the last quarter. Kestra Advisory Services LLC grew its position in Tyler Technologies by 5.8% in the second quarter. Kestra Advisory Services LLC now owns 616 shares of the technology company’s stock worth $257,000 after acquiring an additional 34 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Tyler Technologies by 4.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 727 shares of the technology company’s stock worth $303,000 after buying an additional 34 shares during the period. Institutional investors and hedge funds own 91.28% of the company’s stock.

Insider Buying and Selling

In related news, Chairman John S. Marr, Jr. sold 11,000 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $421.27, for a total transaction of $4,633,970.00. Following the completion of the sale, the chairman now owns 6,400 shares in the company, valued at approximately $2,696,128. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Tyler Technologies news, Chairman John S. Marr, Jr. sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $421.27, for a total value of $4,633,970.00. Following the completion of the sale, the chairman now owns 6,400 shares in the company, valued at approximately $2,696,128. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman John S. Marr, Jr. sold 6,500 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $409.06, for a total transaction of $2,658,890.00. Following the completion of the sale, the chairman now owns 51,388 shares of the company’s stock, valued at approximately $21,020,775.28. The disclosure for this sale can be found here. Insiders sold 27,000 shares of company stock worth $11,156,345 in the last quarter. 2.20% of the stock is owned by corporate insiders.

Tyler Technologies Trading Up 1.3 %

Shares of Tyler Technologies stock opened at $440.99 on Monday. The stock has a market capitalization of $18.57 billion, a P/E ratio of 118.87, a price-to-earnings-growth ratio of 4.46 and a beta of 0.83. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.25. The company has a 50-day simple moving average of $419.81 and a 200 day simple moving average of $400.72. Tyler Technologies, Inc. has a 12-month low of $305.06 and a 12-month high of $451.71.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Truist Financial upped their price objective on shares of Tyler Technologies from $475.00 to $510.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. JMP Securities reaffirmed a “market outperform” rating and set a $490.00 price objective on shares of Tyler Technologies in a report on Tuesday, February 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $475.00 price objective on shares of Tyler Technologies in a report on Thursday, January 18th. Oppenheimer upped their price objective on shares of Tyler Technologies from $450.00 to $480.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Finally, Piper Sandler increased their price target on shares of Tyler Technologies from $465.00 to $480.00 and gave the company an “overweight” rating in a report on Friday, November 3rd. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $447.79.

View Our Latest Stock Analysis on TYL

Tyler Technologies Company Profile

(Free Report)

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 financial management solutions, including modular fund accounting systems for government agencies or not-for-profit entities; utility billing systems for the billing and collection of metered and non-metered services; products to automate city and county functions, such as municipal courts, parking tickets, equipment and project costing, animal and business licenses, permits and inspections, code enforcement, citizen complaint tracking, ambulance billing, fleet maintenance, and cemetery records management; student information and transportation solutions for K-12 schools; and financial management systems.

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Institutional Ownership by Quarter for Tyler Technologies (NYSE:TYL)

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