Louisiana State Employees Retirement System Purchases New Position in Tyler Technologies, Inc. (NYSE:TYL)

Louisiana State Employees Retirement System purchased a new stake in Tyler Technologies, Inc. (NYSE:TYL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,500 shares of the technology company’s stock, valued at approximately $1,045,000.

A number of other institutional investors and hedge funds have also bought and sold shares of TYL. Chilton Capital Management LLC acquired a new position in Tyler Technologies in the 4th quarter valued at about $52,000. Column Capital Advisors LLC grew its stake in Tyler Technologies by 50.5% in the 3rd quarter. Column Capital Advisors LLC now owns 146 shares of the technology company’s stock valued at $56,000 after buying an additional 49 shares during the last quarter. Headinvest LLC acquired a new position in Tyler Technologies in the 3rd quarter valued at about $78,000. AdvisorNet Financial Inc grew its position in shares of Tyler Technologies by 6,700.0% during the 4th quarter. AdvisorNet Financial Inc now owns 272 shares of the technology company’s stock worth $114,000 after purchasing an additional 268 shares in the last quarter. Finally, Ramirez Asset Management Inc. acquired a new position in shares of Tyler Technologies during the 3rd quarter worth approximately $116,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TYL shares. Needham & Company LLC increased their target price on shares of Tyler Technologies from $475.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. DA Davidson increased their target price on shares of Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a research report on Thursday, February 22nd. JMP Securities restated a “market outperform” rating and set a $490.00 target price on shares of Tyler Technologies in a research report on Friday, February 16th. Piper Sandler restated an “overweight” rating and set a $520.00 target price on shares of Tyler Technologies in a research report on Wednesday. Finally, JPMorgan Chase & Co. increased their target price on shares of Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $460.46.

Insider Activity at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $435.98, for a total value of $4,359,800.00. Following the completion of the transaction, the chief executive officer now owns 75,000 shares of the company’s stock, valued at approximately $32,698,500. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO H Lynn Moore, Jr. sold 10,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $435.98, for a total transaction of $4,359,800.00. Following the completion of the transaction, the chief executive officer now owns 75,000 shares of the company’s stock, valued at $32,698,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 1,849 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $421.19, for a total transaction of $778,780.31. Following the transaction, the chief executive officer now directly owns 79,502 shares of the company’s stock, valued at approximately $33,485,447.38. The disclosure for this sale can be found here. Insiders sold a total of 50,608 shares of company stock valued at $21,974,819 in the last quarter. Insiders own 1.50% of the company’s stock.

Tyler Technologies Price Performance

Shares of NYSE:TYL opened at $419.00 on Thursday. The company has a market cap of $17.78 billion, a price-to-earnings ratio of 107.71, a PEG ratio of 4.05 and a beta of 0.81. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a 50 day simple moving average of $422.70 and a 200 day simple moving average of $414.49. Tyler Technologies, Inc. has a one year low of $361.16 and a one year high of $454.74.

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

About Tyler Technologies

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.