Tyler Technologies, Inc. $TYL Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 68.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,645 shares of the technology company’s stock after selling 12,002 shares during the period. Teacher Retirement System of Texas’ holdings in Tyler Technologies were worth $2,953,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Generali Asset Management SPA SGR purchased a new position in Tyler Technologies in the 2nd quarter worth $30,000. Root Financial Partners LLC acquired a new position in shares of Tyler Technologies in the third quarter valued at about $28,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Tyler Technologies in the second quarter worth about $32,000. Advisors Asset Management Inc. acquired a new stake in shares of Tyler Technologies during the first quarter worth about $38,000. Finally, Geneos Wealth Management Inc. boosted its position in Tyler Technologies by 137.9% in the first quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock valued at $40,000 after buying an additional 40 shares during the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, Director Glenn A. Carter sold 500 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $458.73, for a total transaction of $229,365.00. Following the completion of the transaction, the director directly owned 3,172 shares in the company, valued at approximately $1,455,091.56. This represents a 13.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Brian K. Miller sold 1,000 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $448.51, for a total transaction of $448,510.00. Following the transaction, the chief financial officer directly owned 17,148 shares in the company, valued at approximately $7,691,049.48. The trade was a 5.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 3,500 shares of company stock valued at $1,605,605. 1.10% of the stock is owned by insiders.

Tyler Technologies Stock Performance

Shares of Tyler Technologies stock opened at $419.82 on Thursday. The firm has a 50-day simple moving average of $452.54 and a two-hundred day simple moving average of $504.16. Tyler Technologies, Inc. has a fifty-two week low of $419.09 and a fifty-two week high of $661.31. The company has a market cap of $18.06 billion, a P/E ratio of 58.39, a price-to-earnings-growth ratio of 2.87 and a beta of 0.91.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, October 29th. The technology company reported $2.97 earnings per share for the quarter, beating the consensus estimate of $2.88 by $0.09. The firm had revenue of $595.88 million during the quarter, compared to analyst estimates of $594.34 million. Tyler Technologies had a return on equity of 10.57% and a net margin of 13.72%.Tyler Technologies’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.52 EPS. Equities research analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Analyst Ratings Changes

TYL has been the subject of several research reports. TD Cowen initiated coverage on shares of Tyler Technologies in a research note on Friday, December 12th. They set a “buy” rating for the company. Wells Fargo & Company reduced their target price on shares of Tyler Technologies from $525.00 to $470.00 and set an “equal weight” rating for the company in a report on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tyler Technologies in a report on Friday, January 9th. Oppenheimer reduced their price objective on Tyler Technologies from $600.00 to $510.00 and set an “outperform” rating for the company in a research note on Friday, January 23rd. Finally, DA Davidson decreased their price objective on Tyler Technologies from $540.00 to $510.00 and set a “neutral” rating for the company in a report on Tuesday, December 9th. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Tyler Technologies currently has an average rating of “Moderate Buy” and an average price target of $611.14.

About Tyler Technologies

Tyler Technologies, Inc is a provider of software and technology services for the public sector, delivering integrated systems that help government and public agencies manage operations, finances and citizen services. Headquartered in Plano, Texas, the company focuses on developing and implementing solutions for local and state governments, school districts, courts and public safety organizations. Its offerings are aimed at modernizing administrative workflows, improving transparency and enabling digital interactions between governments and the communities they serve.

Tyler’s product portfolio spans enterprise resource planning and financial management, tax and billing systems, court case and records management, public safety solutions (including computer-aided dispatch and records management), land and property management, permitting and licensing, and enterprise asset management.