State Board of Administration of Florida Retirement System Has $25.81 Million Holdings in Tyler Technologies, Inc. $TYL

State Board of Administration of Florida Retirement System grew its position in Tyler Technologies, Inc. (NYSE:TYL) by 0.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,542 shares of the technology company’s stock after purchasing an additional 360 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Tyler Technologies were worth $25,813,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in TYL. Johnson Financial Group Inc. boosted its stake in Tyler Technologies by 390.9% in the 2nd quarter. Johnson Financial Group Inc. now owns 108 shares of the technology company’s stock valued at $64,000 after purchasing an additional 86 shares during the period. DLD Asset Management LP bought a new position in Tyler Technologies during the 2nd quarter worth $5,780,190,000. North Star Asset Management Inc. increased its position in Tyler Technologies by 0.9% during the 2nd quarter. North Star Asset Management Inc. now owns 27,074 shares of the technology company’s stock worth $16,051,000 after buying an additional 243 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Tyler Technologies by 67.7% during the second quarter. Advisors Asset Management Inc. now owns 109 shares of the technology company’s stock worth $65,000 after buying an additional 44 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its position in shares of Tyler Technologies by 1.2% in the second quarter. Ameritas Investment Partners Inc. now owns 6,103 shares of the technology company’s stock valued at $3,618,000 after acquiring an additional 70 shares during the period. Institutional investors own 93.30% of the company’s stock.

Insider Transactions at Tyler Technologies

In other news, CFO Brian K. Miller sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $469.08, for a total value of $469,080.00. Following the transaction, the chief financial officer owned 12,781 shares in the company, valued at approximately $5,995,311.48. The trade was a 7.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Glenn A. Carter sold 750 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $538.30, for a total transaction of $403,725.00. Following the sale, the director directly owned 3,172 shares in the company, valued at $1,707,487.60. This trade represents a 19.12% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 5,750 shares of company stock worth $3,115,405. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

TYL has been the topic of a number of recent research reports. UBS Group reaffirmed an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. Oppenheimer reissued an “outperform” rating and issued a $600.00 price objective on shares of Tyler Technologies in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tyler Technologies in a report on Tuesday, October 14th. DA Davidson dropped their price target on shares of Tyler Technologies from $560.00 to $540.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Finally, Evercore ISI reiterated a “positive” rating on shares of Tyler Technologies in a research note on Friday, October 31st. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Tyler Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $660.09.

Tyler Technologies Price Performance

Shares of NYSE:TYL opened at $469.62 on Friday. Tyler Technologies, Inc. has a 1 year low of $450.00 and a 1 year high of $661.31. The stock has a market capitalization of $20.21 billion, a price-to-earnings ratio of 65.32, a price-to-earnings-growth ratio of 3.67 and a beta of 0.93. The company’s 50 day simple moving average is $491.34 and its 200 day simple moving average is $542.34.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, October 29th. The technology company reported $2.97 EPS for the quarter, topping analysts’ consensus estimates of $2.88 by $0.09. Tyler Technologies had a net margin of 13.72% and a return on equity of 10.64%. The firm had revenue of $595.88 million during the quarter, compared to analysts’ expectations of $594.34 million. During the same quarter in the prior year, the business earned $2.52 earnings per share. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. As a group, analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal 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.