California State Teachers Retirement System Cuts Holdings in Tyler Technologies, Inc. (NYSE:TYL)

California State Teachers Retirement System trimmed its holdings in shares of Tyler Technologies, Inc. (NYSE:TYLFree Report) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 61,346 shares of the technology company’s stock after selling 242 shares during the period. California State Teachers Retirement System owned approximately 0.15% of Tyler Technologies worth $25,650,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Tyler Technologies during the 4th quarter valued at $31,000. Headlands Technologies LLC purchased a new stake in Tyler Technologies during the 4th quarter valued at $40,000. Lindbrook Capital LLC boosted its stake in 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 purchasing an additional 39 shares during the last quarter. Chilton Capital Management LLC purchased a new position in shares of Tyler Technologies in the 4th quarter worth $52,000. Finally, Headinvest LLC purchased a new position in shares of Tyler Technologies in the 3rd quarter worth $78,000. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Daniel M. Pope sold 520 shares of Tyler Technologies stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $491.18, for a total value of $255,413.60. Following the completion of the transaction, the director now owns 3,493 shares in the company, valued at $1,715,691.74. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Tyler Technologies news, CFO Brian K. Miller sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $421.27, for a total transaction of $1,053,175.00. Following the completion of the transaction, the chief financial officer now owns 16,160 shares in the company, valued at $6,807,723.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel M. Pope sold 520 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $491.18, for a total value of $255,413.60. Following the transaction, the director now owns 3,493 shares of the company’s stock, valued at approximately $1,715,691.74. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,441 shares of company stock worth $13,054,531. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Needham & Company LLC raised their price target on Tyler Technologies from $500.00 to $600.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Truist Financial restated a “buy” rating and issued a $560.00 price target (up from $510.00) on shares of Tyler Technologies in a research note on Thursday, May 23rd. JMP Securities restated a “market outperform” rating and issued a $490.00 price target on shares of Tyler Technologies in a research note on Friday, April 26th. JPMorgan Chase & Co. raised their price target on Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Finally, Loop Capital raised their price target on Tyler Technologies from $485.00 to $530.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Tyler Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $519.09.

View Our Latest Analysis on TYL

Tyler Technologies Trading Up 1.0 %

Shares of TYL stock opened at $483.92 on Thursday. Tyler Technologies, Inc. has a 12-month low of $361.16 and a 12-month high of $500.49. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.20. The stock’s 50-day moving average price is $453.00 and its 200-day moving average price is $432.89. The stock has a market capitalization of $20.55 billion, a price-to-earnings ratio of 109.48, a price-to-earnings-growth ratio of 4.50 and a beta of 0.74.

Tyler Technologies (NYSE:TYLGet Free Report) last issued its earnings results on Wednesday, April 24th. The technology company reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.26. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. The firm had revenue of $512.36 million for the quarter, compared to analysts’ expectations of $507.79 million. Equities research analysts predict that Tyler Technologies, Inc. will post 7.1 EPS for the current fiscal year.

Tyler Technologies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Tyler Technologies (NYSE:TYL)

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