Teacher Retirement System of Texas Decreases Stock Position in Tyler Technologies, Inc. $TYL

Teacher Retirement System of Texas cut its position in Tyler Technologies, Inc. (NYSE:TYL) by 68.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,645 shares of the technology company’s stock after selling 12,002 shares during the period. Teacher Retirement System of Texas’ holdings in Tyler Technologies were worth $2,953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in TYL. Root Financial Partners LLC purchased a new position in Tyler Technologies in the 3rd quarter valued at $28,000. Generali Asset Management SPA SGR acquired a new stake in shares of Tyler Technologies in the second quarter valued at about $30,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Tyler Technologies in the second quarter worth about $32,000. Advisors Asset Management Inc. acquired a new position in Tyler Technologies during the first quarter worth about $38,000. Finally, Geneos Wealth Management Inc. grew its stake in Tyler Technologies by 137.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock valued at $40,000 after acquiring an additional 40 shares in the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Tyler Technologies news, Director Glenn A. Carter sold 500 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $458.73, for a total value of $229,365.00. Following the sale, the director owned 3,172 shares of the company’s stock, valued at $1,455,091.56. The trade was a 13.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian K. Miller sold 1,000 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $448.51, for a total value of $448,510.00. Following the transaction, the chief financial officer owned 17,148 shares in the company, valued at $7,691,049.48. This trade represents a 5.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,500 shares of company stock worth $1,605,605 over the last three months. Insiders own 1.10% of the company’s stock.

Tyler Technologies Stock Down 1.5%

Shares of Tyler Technologies stock opened at $419.82 on Thursday. The firm has a market cap of $18.06 billion, a PE ratio of 58.39, a price-to-earnings-growth ratio of 2.87 and a beta of 0.91. Tyler Technologies, Inc. has a 52 week low of $419.09 and a 52 week high of $661.31. The business’s fifty day simple moving average is $452.54 and its 200-day simple moving average is $504.16.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. DA Davidson decreased their target price on shares of Tyler Technologies from $540.00 to $510.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 9th. The Goldman Sachs Group assumed coverage on Tyler Technologies in a research report on Tuesday, January 13th. They set a “buy” rating and a $560.00 price objective on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Tyler Technologies in a report on Friday, January 9th. Oppenheimer reduced their price target on Tyler Technologies from $600.00 to $510.00 and set an “outperform” rating on the stock in a report on Friday, January 23rd. Finally, Needham & Company LLC reissued a “buy” rating on shares of Tyler Technologies in a research report on Wednesday, January 7th. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $611.14.

Tyler Technologies Company Profile

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.