Louisiana State Employees Retirement System Takes $1.05 Million Position in Tyler Technologies, Inc. (NYSE:TYL)

Louisiana State Employees Retirement System purchased a new position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,500 shares of the technology company's stock, valued at approximately $1,045,000.

Other hedge funds have also modified their holdings of the company. First Trust Direct Indexing L.P. boosted its stake 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 valued at $423,000 after acquiring an additional 29 shares in the last quarter. Baron Wealth Management LLC grew its stake in Tyler Technologies by 2.0% during the 4th quarter. Baron Wealth Management LLC now owns 1,463 shares of the technology company's stock worth $612,000 after buying an additional 29 shares during the last quarter. Cavalier Investments LLC increased its position in Tyler Technologies by 2.7% during the 3rd quarter. Cavalier Investments LLC now owns 1,352 shares of the technology company's stock valued at $522,000 after buying an additional 35 shares in the last quarter. CIBC Asset Management Inc raised its stake in Tyler Technologies by 0.6% in the third quarter. CIBC Asset Management Inc now owns 6,030 shares of the technology company's stock valued at $2,328,000 after buying an additional 35 shares during the last quarter. Finally, Allred Capital Management LLC boosted its holdings in Tyler Technologies by 0.8% in the third quarter. Allred Capital Management LLC now owns 4,663 shares of the technology company's stock worth $1,801,000 after acquiring an additional 36 shares in the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Brian K. Miller sold 5,000 shares of the company's stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $442.99, for a total value of $2,214,950.00. Following the completion of the sale, the chief financial officer now owns 14,610 shares of the company's stock, valued at $6,472,083.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider John S. Marr, Jr. sold 6,500 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $437.49, for a total value of $2,843,685.00. Following the transaction, the insider now directly owns 6,400 shares in the company, valued at approximately $2,799,936. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Brian K. Miller sold 5,000 shares of Tyler Technologies stock in a transaction that occurred on Monday, February 26th. The shares were 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 owns 14,610 shares of the company's stock, valued at approximately $6,472,083.90. The disclosure for this sale can be found here. Insiders have sold 50,608 shares of company stock valued at $21,974,819 in the last ninety days. 2.20% of the stock is currently owned by corporate insiders.

Tyler Technologies Price Performance

NYSE:TYL traded up $39.45 during trading hours on Thursday, reaching $458.45. 503,041 shares of the company were exchanged, compared to its average volume of 210,935. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.20. The firm has a market cap of $19.46 billion, a PE ratio of 117.85, a price-to-earnings-growth ratio of 4.12 and a beta of 0.81. Tyler Technologies, Inc. has a twelve month low of $361.16 and a twelve month high of $464.81. The stock's 50-day moving average is $422.28 and its 200-day moving average is $414.52.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.33 by $0.06. The company had revenue of $480.94 million for 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%. On average, sell-side analysts anticipate that Tyler Technologies, Inc. will post 6.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.