Strs Ohio Boosts Position in Tyler Technologies, Inc. (NYSE:TYL)

Strs Ohio raised its stake in Tyler Technologies, Inc. (NYSE:TYL) by 18.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,175 shares of the technology company’s stock after purchasing an additional 654 shares during the quarter. Strs Ohio’s holdings in Tyler Technologies were worth $1,745,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Tyler Technologies by 0.6% in the third quarter. Vanguard Group Inc. now owns 4,913,419 shares of the technology company’s stock worth $1,897,268,000 after acquiring an additional 29,578 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of Tyler Technologies by 26.3% in the fourth quarter. Alliancebernstein L.P. now owns 1,719,257 shares of the technology company’s stock worth $554,306,000 after acquiring an additional 357,779 shares during the last quarter. State Street Corp raised its holdings in shares of Tyler Technologies by 1.8% in the first quarter. State Street Corp now owns 1,574,686 shares of the technology company’s stock worth $558,447,000 after acquiring an additional 28,331 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Tyler Technologies by 0.4% in the third quarter. Principal Financial Group Inc. now owns 1,268,954 shares of the technology company’s stock worth $489,994,000 after acquiring an additional 5,013 shares during the last quarter. Finally, Morgan Stanley raised its holdings in shares of Tyler Technologies by 21.1% in the third quarter. Morgan Stanley now owns 1,015,713 shares of the technology company’s stock worth $392,208,000 after acquiring an additional 177,242 shares during the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 7,500 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $435.19, for a total value of $3,263,925.00. Following the completion of the sale, the chief executive officer now owns 75,000 shares of the company’s stock, valued at $32,639,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO H Lynn Moore, Jr. sold 7,500 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $435.19, for a total value of $3,263,925.00. Following the completion of the sale, the chief executive officer now owns 75,000 shares of the company’s stock, valued at $32,639,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Glenn A. Carter sold 1,650 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $437.84, for a total value of $722,436.00. Following the completion of the sale, the director now directly owns 2,011 shares of the company’s stock, valued at approximately $880,496.24. The disclosure for this sale can be found here. Insiders sold 50,608 shares of company stock valued at $21,974,819 over the last quarter. Company insiders own 2.20% of the company’s stock.

Tyler Technologies Price Performance

TYL stock opened at $403.35 on Friday. The stock has a 50-day moving average price of $423.44 and a two-hundred day moving average price of $413.86. Tyler Technologies, Inc. has a 12-month low of $361.16 and a 12-month high of $454.74. 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 company has a market cap of $17.12 billion, a PE ratio of 103.69, a price-to-earnings-growth ratio of 3.97 and a beta of 0.81.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Tyler Technologies had a return on equity of 8.85% and a net margin of 8.50%. The firm had revenue of $480.94 million during the quarter, compared to the consensus estimate of $483.34 million. As a group, research analysts predict that Tyler Technologies, Inc. will post 6.77 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TYL. JMP Securities reissued a “market outperform” rating and issued a $490.00 price target on shares of Tyler Technologies in a report on Friday, February 16th. DA Davidson upped their target price on Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. Piper Sandler upped their target price on Tyler Technologies from $480.00 to $520.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. JPMorgan Chase & Co. upped their target price on Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Finally, Needham & Company LLC upped their target price on Tyler Technologies from $475.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $460.46.

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.