New York State Common Retirement Fund Sells 77,478 Shares of Tyler Technologies, Inc. $TYL

New York State Common Retirement Fund trimmed its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 59.9% during the third quarter, Holdings Channel.com reports. The fund owned 51,855 shares of the technology company’s stock after selling 77,478 shares during the quarter. New York State Common Retirement Fund’s holdings in Tyler Technologies were worth $27,128,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TYL. Lazard Freres Gestion S.A.S. boosted its holdings in Tyler Technologies by 150.0% during the third quarter. Lazard Freres Gestion S.A.S. now owns 5,000 shares of the technology company’s stock worth $2,615,000 after purchasing an additional 3,000 shares during the last quarter. General American Investors Co. Inc. lifted its position in shares of Tyler Technologies by 7.2% during the 3rd quarter. General American Investors Co. Inc. now owns 44,381 shares of the technology company’s stock worth $23,218,000 after buying an additional 3,000 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Tyler Technologies by 7.8% during the 2nd quarter. ProShare Advisors LLC now owns 11,511 shares of the technology company’s stock worth $6,824,000 after buying an additional 834 shares in the last quarter. Blair William & Co. IL grew its holdings in shares of Tyler Technologies by 0.9% in the second quarter. Blair William & Co. IL now owns 424,768 shares of the technology company’s stock valued at $251,819,000 after acquiring an additional 3,894 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its position in shares of Tyler Technologies by 25.6% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 79,178 shares of the technology company’s stock valued at $46,940,000 after acquiring an additional 16,133 shares during the last quarter. Institutional investors own 93.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Needham & Company LLC reissued a “buy” rating on shares of Tyler Technologies in a research report on Wednesday, January 7th. Piper Sandler lowered their target price on Tyler Technologies from $708.00 to $671.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 13th. Robert W. Baird set a $660.00 price target on shares of Tyler Technologies in a research report on Friday, October 31st. Evercore ISI reaffirmed a “positive” rating on shares of Tyler Technologies in a research report on Friday, October 31st. Finally, Stifel Nicolaus began coverage on shares of Tyler Technologies in a research note on Wednesday, January 7th. They issued a “buy” rating and a $550.00 target price on the stock. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $611.14.

Tyler Technologies Stock Performance

Shares of TYL opened at $369.06 on Friday. Tyler Technologies, Inc. has a fifty-two week low of $365.70 and a fifty-two week high of $661.31. The business has a 50-day moving average of $448.75 and a 200 day moving average of $501.59. The firm has a market cap of $15.88 billion, a P/E ratio of 51.33, a price-to-earnings-growth ratio of 2.56 and a beta of 0.91.

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

Insider Activity at Tyler Technologies

In related news, CFO Brian K. Miller sold 1,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer directly owned 17,148 shares in the company, valued at approximately $7,691,049.48. This represents a 5.51% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Glenn A. Carter sold 500 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was 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 of the company’s stock, valued at approximately $1,455,091.56. This trade represents a 13.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 3,500 shares of company stock worth $1,605,605. Insiders own 1.10% of the company’s stock.

Tyler Technologies Company Profile

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.