1,233 Shares in Tyler Technologies, Inc. (NYSE:TYL) Purchased by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,233 shares of the technology company's stock, valued at approximately $717,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Integrated Wealth Concepts LLC raised its holdings in shares of Tyler Technologies by 2.3% in the fourth quarter. Integrated Wealth Concepts LLC now owns 786 shares of the technology company's stock worth $453,000 after buying an additional 18 shares during the last quarter. AdvisorNet Financial Inc lifted its position in Tyler Technologies by 7.0% during the first quarter. AdvisorNet Financial Inc now owns 291 shares of the technology company's stock valued at $169,000 after purchasing an additional 19 shares during the period. Oregon Public Employees Retirement Fund lifted its position 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 purchasing an additional 20 shares during the period. Kensington Investment Counsel LLC lifted its position in Tyler Technologies by 0.8% during the fourth quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company's stock valued at $1,439,000 after purchasing an additional 20 shares during the period. Finally, Benjamin Edwards Inc. lifted its position in Tyler Technologies by 1.5% during the fourth quarter. Benjamin Edwards Inc. now owns 1,526 shares of the technology company's stock valued at $880,000 after purchasing an additional 22 shares during the period. Hedge funds and other institutional investors own 93.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TYL. Piper Sandler decreased their target price on shares of Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Wells Fargo & Company decreased their target price on shares of Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. DA Davidson decreased their target price on shares of Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Cantor Fitzgerald initiated coverage on shares of Tyler Technologies in a research report on Tuesday, June 3rd. They set a "neutral" rating and a $600.00 target price for the company. Finally, Robert W. Baird cut their price objective on shares of Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $680.50.

Insider Transactions at Tyler Technologies

In other news, CFO Brian K. Miller sold 1,200 shares of the business's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $580.72, for a total transaction of $696,864.00. Following the completion of the sale, the chief financial officer now owns 13,772 shares of the company's stock, valued at $7,997,675.84. The trade was a 8.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the business's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $585.18, for a total transaction of $3,072,195.00. Following the sale, the chief executive officer now directly owns 81,775 shares of the company's stock, valued at $47,853,094.50. This represents a 6.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,500 shares of company stock valued at $15,177,230 over the last 90 days. Corporate insiders own 1.10% of the company's stock.

Tyler Technologies Trading Down 1.1%

TYL traded down $6.68 on Wednesday, reaching $581.95. The stock had a trading volume of 297,347 shares, compared to its average volume of 262,790. The company has a market cap of $25.09 billion, a P/E ratio of 87.64, a price-to-earnings-growth ratio of 4.60 and a beta of 0.84. The business's 50-day moving average price is $566.81 and its two-hundred day moving average price is $582.16. Tyler Technologies, Inc. has a 12-month low of $484.05 and a 12-month high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $2.78 EPS for the quarter, topping analysts' consensus estimates of $2.56 by $0.22. The business had revenue of $562.43 million during the quarter, compared to analysts' expectations of $556.45 million. Tyler Technologies had a net margin of 13.23% and a return on equity of 10.29%. The company's quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.20 earnings per share. As a group, analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current 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.