New York Life Investment Management LLC Decreases Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

New York Life Investment Management LLC cut its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 0.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,142 shares of the technology company’s stock after selling 47 shares during the period. New York Life Investment Management LLC’s holdings in Tyler Technologies were worth $2,568,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Tyler Technologies by 7.6% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,205 shares of the technology company’s stock worth $465,000 after buying an additional 85 shares in the last quarter. Raymond James Trust N.A. boosted its position in shares of Tyler Technologies by 4.9% in the 4th quarter. Raymond James Trust N.A. now owns 1,515 shares of the technology company’s stock worth $633,000 after buying an additional 71 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Tyler Technologies by 4.6% in the 4th quarter. Nordea Investment Management AB now owns 2,600 shares of the technology company’s stock worth $1,091,000 after buying an additional 115 shares in the last quarter. DNB Asset Management AS purchased a new position in Tyler Technologies in the 4th quarter valued at about $5,040,000. Finally, NBW Capital LLC lifted its holdings in Tyler Technologies by 50.7% in the 4th quarter. NBW Capital LLC now owns 13,345 shares of the technology company’s stock valued at $5,580,000 after purchasing an additional 4,489 shares in the last quarter. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. JMP Securities restated a “market outperform” rating and issued a $490.00 target price on shares of Tyler Technologies in a report on Friday, April 26th. JPMorgan Chase & Co. upped their target price on shares of Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Needham & Company LLC restated a “buy” rating and issued a $500.00 target price on shares of Tyler Technologies in a report on Thursday, April 25th. Oppenheimer upped their target price on shares of Tyler Technologies from $480.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, Robert W. Baird upped their target price on shares of Tyler Technologies from $500.00 to $525.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $492.22.

Tyler Technologies Stock Up 1.0 %

TYL opened at $469.00 on Monday. The firm has a 50 day moving average price of $425.73 and a 200 day moving average price of $418.48. The company has a market cap of $19.91 billion, a PE ratio of 106.11, a price-to-earnings-growth ratio of 4.38 and a beta of 0.76. Tyler Technologies, Inc. has a 1 year low of $361.16 and a 1 year high of $471.53. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.94 and a current ratio of 0.94.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, February 14th. The technology company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The firm had revenue of $480.94 million during the quarter, compared to the consensus estimate of $483.34 million. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. Sell-side analysts expect that Tyler Technologies, Inc. will post 7.14 earnings per share for the current year.

Insider Buying and Selling

In other Tyler Technologies news, Director Brenda A. Cline sold 5,000 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $458.83, for a total value of $2,294,150.00. Following the completion of the sale, the director now owns 1,358 shares of the company’s stock, valued at $623,091.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Tyler Technologies news, Director Brenda A. Cline sold 5,000 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $458.83, for a total value of $2,294,150.00. Following the completion of the sale, the director now owns 1,358 shares of the company’s stock, valued at $623,091.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John S. Marr, Jr. sold 6,500 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $427.82, for a total transaction of $2,780,830.00. Following the completion of the sale, the insider now directly owns 6,400 shares of the company’s stock, valued at approximately $2,738,048. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,608 shares of company stock valued at $24,268,969. 1.50% of the stock is currently owned by corporate insiders.

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.