California Public Employees Retirement System Sells 26,128 Shares of Tyler Technologies, Inc. $TYL

California Public Employees Retirement System lowered its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 16.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,915 shares of the technology company’s stock after selling 26,128 shares during the quarter. California Public Employees Retirement System owned approximately 0.31% of Tyler Technologies worth $69,013,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. DLD Asset Management LP bought a new position in Tyler Technologies in the 2nd quarter worth approximately $5,780,190,000. Vanguard Group Inc. grew its holdings in Tyler Technologies by 4.2% during the 3rd quarter. Vanguard Group Inc. now owns 5,805,036 shares of the technology company’s stock valued at $3,036,963,000 after buying an additional 234,916 shares in the last quarter. State Street Corp raised its position in shares of Tyler Technologies by 4.5% during the second quarter. State Street Corp now owns 1,913,672 shares of the technology company’s stock valued at $1,134,501,000 after buying an additional 81,679 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Tyler Technologies by 11.4% in the third quarter. Principal Financial Group Inc. now owns 1,410,640 shares of the technology company’s stock worth $738,010,000 after buying an additional 144,612 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Tyler Technologies in the second quarter worth $712,276,000. Institutional investors own 93.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TYL shares. Wells Fargo & Company cut their target price on shares of Tyler Technologies from $420.00 to $335.00 and set an “equal weight” rating for the company in a research note on Friday, February 13th. DA Davidson reiterated a “buy” rating and issued a $460.00 price target on shares of Tyler Technologies in a research note on Tuesday, February 17th. Oppenheimer dropped their price objective on shares of Tyler Technologies from $510.00 to $450.00 and set an “outperform” rating for the company in a report on Friday, February 13th. The Goldman Sachs Group set a $420.00 price objective on Tyler Technologies in a research report on Friday, February 13th. Finally, BTIG Research reduced their target price on Tyler Technologies from $560.00 to $470.00 and set a “buy” rating on the stock in a report on Monday, February 9th. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Tyler Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $467.54.

Insider Transactions at Tyler Technologies

In related news, COO Jeffrey David Puckett sold 5,174 shares of the company’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $369.93, for a total transaction of $1,914,017.82. Following the transaction, the chief operating officer directly owned 7,754 shares in the company, valued at approximately $2,868,437.22. This represents a 40.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel M. Pope sold 500 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $355.40, for a total transaction of $177,700.00. Following the completion of the sale, the director directly owned 2,871 shares in the company, valued at $1,020,353.40. This trade represents a 14.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 7,298 shares of company stock worth $2,658,721. 1.10% of the stock is currently owned by insiders.

Tyler Technologies Stock Performance

NYSE TYL opened at $348.50 on Tuesday. The business’s 50 day moving average price is $376.18 and its 200-day moving average price is $451.01. Tyler Technologies, Inc. has a fifty-two week low of $283.71 and a fifty-two week high of $621.34. The company has a market cap of $14.98 billion, a P/E ratio of 48.40, a P/E/G ratio of 2.35 and a beta of 0.90.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, February 11th. The technology company reported $2.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.07). The company had revenue of $575.18 million during the quarter, compared to the consensus estimate of $591.09 million. Tyler Technologies had a return on equity of 10.42% and a net margin of 13.53%.The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.43 earnings per share. As a group, equities analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

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.