Teachers Retirement System of The State of Kentucky Sells 168 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Teachers Retirement System of The State of Kentucky trimmed its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 5.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,162 shares of the technology company’s stock after selling 168 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Tyler Technologies were worth $1,846,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Waldron Private Wealth LLC boosted its stake in Tyler Technologies by 3.5% during the second quarter. Waldron Private Wealth LLC now owns 716 shares of the technology company’s stock worth $360,000 after acquiring an additional 24 shares in the last quarter. FWG Holdings LLC raised its position in Tyler Technologies by 3.1% in the 3rd quarter. FWG Holdings LLC now owns 910 shares of the technology company’s stock worth $551,000 after buying an additional 27 shares during the last quarter. George Kaiser Family Foundation lifted its position in Tyler Technologies by 0.7% during the second quarter. George Kaiser Family Foundation now owns 4,177 shares of the technology company’s stock valued at $2,100,000 after purchasing an additional 29 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Tyler Technologies by 2.3% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,377 shares of the technology company’s stock worth $804,000 after buying an additional 31 shares during the last quarter. Finally, UMB Bank n.a. increased its position in shares of Tyler Technologies by 2.4% during the 3rd quarter. UMB Bank n.a. now owns 1,354 shares of the technology company’s stock valued at $790,000 after purchasing an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Insider Transactions at Tyler Technologies

In other news, insider John S. Marr, Jr. sold 12,000 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $613.66, for a total value of $7,363,920.00. Following the transaction, the insider now directly owns 6,983 shares of the company’s stock, valued at approximately $4,285,187.78. This represents a 63.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian K. Miller sold 3,000 shares of Tyler Technologies stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $602.72, for a total value of $1,808,160.00. Following the sale, the chief financial officer now directly owns 11,950 shares of the company’s stock, valued at $7,202,504. This trade represents a 20.07 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,500 shares of company stock worth $21,952,888. Company insiders own 2.20% of the company’s stock.

Tyler Technologies Price Performance

Shares of NYSE TYL opened at $614.09 on Tuesday. Tyler Technologies, Inc. has a fifty-two week low of $397.80 and a fifty-two week high of $638.56. The company has a market cap of $26.28 billion, a PE ratio of 112.06, a P/E/G ratio of 5.54 and a beta of 0.76. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. The business has a 50-day simple moving average of $609.38 and a two-hundred day simple moving average of $567.72.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.09. The company had revenue of $543.34 million during the quarter, compared to analysts’ expectations of $547.34 million. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. Tyler Technologies’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period last year, the business earned $1.66 EPS. As a group, equities analysts expect that Tyler Technologies, Inc. will post 7.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TYL shares. Barclays upped their target price on shares of Tyler Technologies from $700.00 to $705.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Truist Financial restated a “buy” rating and issued a $685.00 price target (up previously from $600.00) on shares of Tyler Technologies in a research report on Friday, October 25th. Needham & Company LLC raised their price objective on Tyler Technologies from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Oppenheimer upped their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, Piper Sandler raised their price objective on shares of Tyler Technologies from $625.00 to $701.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $642.62.

Tyler Technologies Company 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.