Tyler Technologies, Inc. $TYL Shares Sold by State of New Jersey Common Pension Fund D

Key Points

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State of New Jersey Common Pension Fund D lessened its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 7.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,033 shares of the technology company's stock after selling 1,068 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Tyler Technologies were worth $8,159,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in TYL. Canada Pension Plan Investment Board grew its stake in Tyler Technologies by 183.6% during the 4th quarter. Canada Pension Plan Investment Board now owns 12,270 shares of the technology company's stock valued at $7,075,000 after purchasing an additional 7,943 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its stake in Tyler Technologies by 28.4% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 26,749 shares of the technology company's stock valued at $15,433,000 after purchasing an additional 5,920 shares during the last quarter. First Trust Advisors LP grew its stake in Tyler Technologies by 31.3% during the 4th quarter. First Trust Advisors LP now owns 63,218 shares of the technology company's stock valued at $36,454,000 after purchasing an additional 15,068 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Tyler Technologies by 4.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 163,791 shares of the technology company's stock valued at $94,454,000 after purchasing an additional 6,615 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Tyler Technologies by 124.5% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,594 shares of the technology company's stock worth $919,000 after buying an additional 884 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Robert W. Baird lowered their target price on Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Wall Street Zen lowered Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Barclays upped their price target on Tyler Technologies from $695.00 to $715.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Cantor Fitzgerald began coverage on Tyler Technologies in a research report on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 price target for the company. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $750.00 price objective on shares of Tyler Technologies in a research report on Tuesday, May 13th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $688.27.

Tyler Technologies Trading Down 1.1%

Tyler Technologies stock traded down $6.1370 during mid-day trading on Friday, hitting $560.5330. The company's stock had a trading volume of 337,302 shares, compared to its average volume of 399,211. The firm has a market capitalization of $24.25 billion, a PE ratio of 80.08, a price-to-earnings-growth ratio of 4.35 and a beta of 0.85. Tyler Technologies, Inc. has a 1 year low of $513.52 and a 1 year high of $661.31. The stock's fifty day moving average is $575.29 and its two-hundred day moving average is $577.24.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, topping the consensus estimate of $2.78 by $0.13. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%.The business had revenue of $584.01 million during the quarter, compared to analyst estimates of $587.59 million. During the same period last year, the business posted $2.40 earnings per share. The company's quarterly revenue was up 10.2% on a year-over-year basis. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. On average, equities analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Insider Transactions at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 5,250 shares of the firm's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $588.89, for a total transaction of $3,091,672.50. Following the completion of the transaction, the chief executive officer directly owned 81,775 shares in the company, valued at $48,156,479.75. This trade represents a 6.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Abigail Marshall Diaz-Pedrosa sold 375 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $573.60, for a total value of $215,100.00. Following the transaction, the insider owned 247 shares of the company's stock, valued at approximately $141,679.20. This represents a 60.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,769 shares of company stock worth $12,134,207 over the last ninety days. Company insiders own 1.10% of the company's stock.

About Tyler Technologies

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.