Louisiana State Employees Retirement System Lowers Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Louisiana State Employees Retirement System trimmed its position in Tyler Technologies, Inc. (NYSE:TYL) by 4.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,400 shares of the technology company’s stock after selling 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Tyler Technologies were worth $1,207,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in TYL. Kapitalo Investimentos Ltda purchased a new stake in Tyler Technologies in the 4th quarter valued at $26,000. Covestor Ltd raised its position in shares of Tyler Technologies by 153.6% during the 1st quarter. Covestor Ltd now owns 71 shares of the technology company’s stock valued at $30,000 after buying an additional 43 shares during the period. Blue Trust Inc. raised its position in Tyler Technologies by 329.4% in the second quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock valued at $37,000 after purchasing an additional 56 shares during the period. Lynx Investment Advisory acquired a new position in shares of Tyler Technologies in the 2nd quarter valued at $38,000. Finally, Larson Financial Group LLC grew its holdings in shares of Tyler Technologies by 675.0% during the 1st quarter. Larson Financial Group LLC now owns 93 shares of the technology company’s stock worth $40,000 after purchasing an additional 81 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TYL shares. The Goldman Sachs Group lifted their price target on shares of Tyler Technologies from $515.00 to $627.00 and gave the company a “buy” rating in a research report on Friday, July 26th. JMP Securities increased their target price on Tyler Technologies from $490.00 to $580.00 and gave the stock a “market outperform” rating in a research note on Monday, July 22nd. Barclays lifted their target price on Tyler Technologies from $515.00 to $577.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. Oppenheimer increased their price target on shares of Tyler Technologies from $550.00 to $625.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Evercore ISI upgraded shares of Tyler Technologies to a “hold” rating in a report on Friday, July 26th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $582.31.

Insiders Place Their Bets

In other Tyler Technologies news, insider John S. Marr, Jr. sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $578.94, for a total transaction of $2,894,700.00. Following the completion of the transaction, the insider now directly owns 6,983 shares in the company, valued at approximately $4,042,738.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Daniel M. Pope sold 275 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $578.26, for a total transaction of $159,021.50. Following the sale, the director now owns 3,218 shares of the company’s stock, valued at $1,860,840.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider John S. Marr, Jr. sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $578.94, for a total transaction of $2,894,700.00. Following the completion of the transaction, the insider now directly owns 6,983 shares of the company’s stock, valued at approximately $4,042,738.02. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,325 shares of company stock worth $11,068,068. 2.20% of the stock is owned by corporate insiders.

Tyler Technologies Stock Down 0.0 %

TYL stock opened at $571.69 on Tuesday. The stock has a market capitalization of $24.27 billion, a PE ratio of 129.34, a price-to-earnings-growth ratio of 5.40 and a beta of 0.76. The company has a fifty day moving average of $538.61 and a 200-day moving average of $478.83. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.06 and a current ratio of 1.06. Tyler Technologies, Inc. has a one year low of $361.16 and a one year high of $593.50.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.06. Tyler Technologies had a net margin of 10.24% and a return on equity of 9.66%. The business had revenue of $540.98 million during the quarter, compared to the consensus estimate of $541.01 million. During the same quarter last year, the firm posted $1.53 EPS. The business’s revenue was up 7.3% compared to the same quarter last year. As a group, analysts expect that Tyler Technologies, Inc. will post 7.21 EPS for the current year.

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.