New York State Common Retirement Fund Sells 5,490 Shares of Tyler Technologies, Inc. (NYSE:TYL)

New York State Common Retirement Fund lowered its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 254,280 shares of the technology company's stock after selling 5,490 shares during the period. New York State Common Retirement Fund owned approximately 0.60% of Tyler Technologies worth $106,320,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TYL. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Tyler Technologies in the fourth quarter valued at approximately $31,000. Lindbrook Capital LLC boosted its stake in shares of Tyler Technologies by 50.6% in the fourth quarter. Lindbrook Capital LLC now owns 116 shares of the technology company's stock valued at $49,000 after buying an additional 39 shares in the last quarter. Chilton Capital Management LLC purchased a new stake in shares of Tyler Technologies in the fourth quarter valued at approximately $52,000. Column Capital Advisors LLC boosted its position in Tyler Technologies by 50.5% during the third quarter. Column Capital Advisors LLC now owns 146 shares of the technology company's stock worth $56,000 after purchasing an additional 49 shares in the last quarter. Finally, Headinvest LLC purchased a new stake in Tyler Technologies during the third quarter worth $78,000. Institutional investors and hedge funds own 93.30% of the company's stock.

Tyler Technologies Trading Up 1.6 %

Tyler Technologies stock traded up $6.75 during trading on Tuesday, hitting $418.16. The company's stock had a trading volume of 200,191 shares, compared to its average volume of 205,942. The stock has a market capitalization of $17.75 billion, a price-to-earnings ratio of 107.45, a P/E/G ratio of 3.97 and a beta of 0.81. The stock's fifty day moving average is $422.97 and its 200 day moving average is $414.28. Tyler Technologies, Inc. has a 1-year low of $361.16 and a 1-year high of $454.74. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 0.86.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its earnings results on Wednesday, February 14th. The technology company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.33 by $0.06. The firm had revenue of $480.94 million during the quarter, compared to analyst estimates of $483.34 million. Tyler Technologies had a return on equity of 8.85% and a net margin of 8.50%. As a group, equities research analysts predict that Tyler Technologies, Inc. will post 6.77 EPS for the current year.

Insiders Place Their Bets

In other Tyler Technologies news, CFO Brian K. Miller sold 5,000 shares of the company's stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $442.99, for a total transaction of $2,214,950.00. Following the completion of the sale, the chief financial officer now directly owns 14,610 shares in the company, valued at $6,472,083.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 1,849 shares of the company's stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $421.19, for a total transaction of $778,780.31. Following the completion of the sale, the chief executive officer now directly owns 79,502 shares in the company, valued at $33,485,447.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian K. Miller sold 5,000 shares of the company's stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $442.99, for a total value of $2,214,950.00. Following the sale, the chief financial officer now owns 14,610 shares of the company's stock, valued at $6,472,083.90. The disclosure for this sale can be found here. Insiders sold 50,608 shares of company stock worth $21,974,819 over the last three months. 1.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on TYL shares. DA Davidson boosted their target price on Tyler Technologies from $412.00 to $434.00 and gave the stock a "neutral" rating in a research report on Thursday, February 22nd. JMP Securities reiterated a "market outperform" rating and set a $490.00 target price on shares of Tyler Technologies in a research report on Friday, February 16th. JPMorgan Chase & Co. boosted their target price on Tyler Technologies from $500.00 to $526.00 and gave the stock an "overweight" rating in a research report on Thursday, February 15th. Needham & Company LLC boosted their target price on Tyler Technologies from $475.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, February 15th. Finally, Piper Sandler upped their price objective on Tyler Technologies from $480.00 to $520.00 and gave the company an "overweight" rating in a research report on Friday, February 16th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $460.46.

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.