New York Life Investment Management LLC Has $2.57 Million Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

New York Life Investment Management LLC decreased its stake in Tyler Technologies, Inc. (NYSE:TYL) by 0.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,142 shares of the technology company’s stock after selling 47 shares during the quarter. New York Life Investment Management LLC’s holdings in Tyler Technologies were worth $2,568,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Tyler Technologies during the 4th quarter worth about $31,000. Headlands Technologies LLC acquired a new stake in shares of Tyler Technologies during the 4th quarter valued at about $40,000. Lindbrook Capital LLC lifted its holdings in shares of Tyler Technologies by 50.6% during the 4th quarter. Lindbrook Capital LLC now owns 116 shares of the technology company’s stock valued at $49,000 after buying an additional 39 shares during the last quarter. Chilton Capital Management LLC acquired a new stake in shares of Tyler Technologies during the 4th quarter valued at about $52,000. Finally, Column Capital Advisors LLC lifted its holdings in shares of Tyler Technologies by 50.5% during 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. Institutional investors and hedge funds own 93.30% of the company’s stock.

Insiders Place Their Bets

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 7,500 shares of Tyler Technologies stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $32,639,250. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO H Lynn Moore, Jr. sold 7,500 shares of Tyler Technologies stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $435.19, for a total transaction of $3,263,925.00. Following the sale, the chief executive officer now owns 75,000 shares of the company’s stock, valued at approximately $32,639,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO H Lynn Moore, Jr. sold 1,849 shares of Tyler Technologies stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $421.19, for a total value of $778,780.31. Following the sale, the chief executive officer now directly owns 79,502 shares in the company, valued at approximately $33,485,447.38. The disclosure for this sale can be found here. Insiders have sold a total of 55,608 shares of company stock valued at $24,268,969 in the last three months. Company insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TYL. Robert W. Baird lifted their price target on Tyler Technologies from $500.00 to $525.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Needham & Company LLC reiterated a “buy” rating and set a $500.00 price target on shares of Tyler Technologies in a report on Thursday, April 25th. DA Davidson lifted their price target on Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. JPMorgan Chase & Co. lifted their price target on Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Finally, Oppenheimer raised their price objective on Tyler Technologies from $480.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $492.22.

Tyler Technologies Stock Up 1.0 %

Shares of TYL stock opened at $469.00 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.94 and a current ratio of 0.94. The stock’s 50 day simple moving average is $425.73 and its 200 day simple moving average is $418.48. The company has a market capitalization of $19.91 billion, a price-to-earnings ratio of 106.11, a PEG ratio of 4.38 and a beta of 0.76. Tyler Technologies, Inc. has a twelve month low of $361.16 and a twelve month high of $471.53.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. The company had revenue of $480.94 million for the quarter, compared to the consensus estimate of $483.34 million. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. As a group, research analysts predict that Tyler Technologies, Inc. will post 7.14 EPS for the current year.

Tyler Technologies 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.