New York State Common Retirement Fund Sells 77,478 Shares of Tyler Technologies, Inc. $TYL

New York State Common Retirement Fund reduced its stake in Tyler Technologies, Inc. (NYSE:TYL) by 59.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,855 shares of the technology company’s stock after selling 77,478 shares during the period. New York State Common Retirement Fund owned about 0.12% of Tyler Technologies worth $27,128,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Lazard Freres Gestion S.A.S. raised its position in Tyler Technologies by 150.0% during the 3rd quarter. Lazard Freres Gestion S.A.S. now owns 5,000 shares of the technology company’s stock worth $2,615,000 after purchasing an additional 3,000 shares during the last quarter. General American Investors Co. Inc. increased its stake in shares of Tyler Technologies by 7.2% in the third quarter. General American Investors Co. Inc. now owns 44,381 shares of the technology company’s stock valued at $23,218,000 after buying an additional 3,000 shares during the period. ProShare Advisors LLC raised its position in shares of Tyler Technologies by 7.8% during the second quarter. ProShare Advisors LLC now owns 11,511 shares of the technology company’s stock worth $6,824,000 after acquiring an additional 834 shares during the last quarter. Blair William & Co. IL raised its position in shares of Tyler Technologies by 0.9% during the second quarter. Blair William & Co. IL now owns 424,768 shares of the technology company’s stock worth $251,819,000 after acquiring an additional 3,894 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in shares of Tyler Technologies by 25.6% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 79,178 shares of the technology company’s stock worth $46,940,000 after acquiring an additional 16,133 shares during the period. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TYL. Piper Sandler decreased their target price on shares of Tyler Technologies from $708.00 to $671.00 and set an “overweight” rating for the company in a research report on Tuesday, January 13th. TD Cowen initiated coverage on shares of Tyler Technologies in a research report on Friday, December 12th. They set a “buy” rating for the company. Robert W. Baird set a $660.00 target price on shares of Tyler Technologies in a report on Friday, October 31st. Needham & Company LLC reaffirmed a “buy” rating on shares of Tyler Technologies in a research report on Wednesday, January 7th. Finally, Wells Fargo & Company lowered their price objective on Tyler Technologies from $525.00 to $470.00 and set an “equal weight” rating for the company in a research report on Thursday, January 8th. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $611.14.

Tyler Technologies Price Performance

Shares of TYL opened at $369.06 on Friday. Tyler Technologies, Inc. has a one year low of $365.70 and a one year high of $661.31. The company has a market cap of $15.88 billion, a PE ratio of 51.33, a P/E/G ratio of 2.56 and a beta of 0.91. The stock has a 50-day moving average of $448.75 and a 200-day moving average of $501.59.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, October 29th. The technology company reported $2.97 earnings per share for the quarter, topping analysts’ consensus estimates of $2.88 by $0.09. The business had revenue of $595.88 million for the quarter, compared to the consensus estimate of $594.34 million. Tyler Technologies had a return on equity of 10.57% and a net margin of 13.72%.The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.52 EPS. Analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Insider Buying and Selling at Tyler Technologies

In related news, CFO Brian K. Miller sold 1,000 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $469.08, for a total value of $469,080.00. Following the sale, the chief financial officer owned 12,781 shares in the company, valued at $5,995,311.48. This represents a 7.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Glenn A. Carter sold 500 shares of Tyler Technologies stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $458.73, for a total value of $229,365.00. Following the transaction, the director owned 3,172 shares of the company’s stock, valued at $1,455,091.56. This trade represents a 13.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 3,500 shares of company stock worth $1,605,605. Corporate insiders own 1.10% of the company’s stock.

About Tyler Technologies

Tyler Technologies, Inc is a provider of software and technology services for the public sector, delivering integrated systems that help government and public agencies manage operations, finances and citizen services. Headquartered in Plano, Texas, the company focuses on developing and implementing solutions for local and state governments, school districts, courts and public safety organizations. Its offerings are aimed at modernizing administrative workflows, improving transparency and enabling digital interactions between governments and the communities they serve.

Tyler’s product portfolio spans enterprise resource planning and financial management, tax and billing systems, court case and records management, public safety solutions (including computer-aided dispatch and records management), land and property management, permitting and licensing, and enterprise asset management.