Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama cut its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,274 shares of the technology company’s stock after selling 242 shares during the quarter. Retirement Systems of Alabama’s holdings in Tyler Technologies were worth $3,878,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in TYL. International Assets Investment Management LLC boosted its position in shares of Tyler Technologies by 41,712.0% in the fourth quarter. International Assets Investment Management LLC now owns 52,265 shares of the technology company’s stock worth $21,853,000 after acquiring an additional 52,140 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Tyler Technologies by 7.6% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,205 shares of the technology company’s stock valued at $465,000 after buying an additional 85 shares during the period. Raymond James Trust N.A. grew its stake in shares of Tyler Technologies by 4.9% during the 4th quarter. Raymond James Trust N.A. now owns 1,515 shares of the technology company’s stock valued at $633,000 after buying an additional 71 shares during the period. Nordea Investment Management AB increased its holdings in shares of Tyler Technologies by 4.6% during the 4th quarter. Nordea Investment Management AB now owns 2,600 shares of the technology company’s stock worth $1,091,000 after buying an additional 115 shares during the last quarter. Finally, DNB Asset Management AS purchased a new position in shares of Tyler Technologies in the 4th quarter worth $5,040,000. 93.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price target on Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Piper Sandler reiterated an “overweight” rating and set a $520.00 target price on shares of Tyler Technologies in a report on Wednesday, April 24th. Robert W. Baird raised their price target on shares of Tyler Technologies from $500.00 to $525.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Oppenheimer boosted their price objective on shares of Tyler Technologies from $480.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, DA Davidson raised their target price on shares of Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $492.22.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 7,500 shares of Tyler Technologies stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $435.19, for a total transaction of $3,263,925.00. Following the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $32,639,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Tyler Technologies news, Director Brenda A. Cline sold 5,000 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $458.83, for a total transaction of $2,294,150.00. Following the transaction, the director now directly owns 1,358 shares in the company, valued at approximately $623,091.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO H Lynn Moore, Jr. sold 7,500 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $435.19, for a total transaction of $3,263,925.00. Following the completion of the sale, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $32,639,250. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,608 shares of company stock valued at $24,268,969. Insiders own 1.50% of the company’s stock.

Tyler Technologies Trading Up 1.5 %

TYL opened at $476.02 on Tuesday. The firm’s 50 day moving average is $426.42 and its 200-day moving average is $419.18. Tyler Technologies, Inc. has a 52-week low of $361.16 and a 52-week high of $477.86. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $20.21 billion, a P/E ratio of 107.70, a P/E/G ratio of 4.38 and a beta of 0.76.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. The firm had revenue of $480.94 million for the quarter, compared to the consensus estimate of $483.34 million. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. Analysts expect that Tyler Technologies, Inc. will post 7.14 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.