New Mexico Educational Retirement Board lifted its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL – Free Report) by 5.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,000 shares of the technology company’s stock after purchasing an additional 100 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Tyler Technologies were worth $833,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of TYL. American Century Companies Inc. grew its holdings in shares of Tyler Technologies by 13.1% during the 1st quarter. American Century Companies Inc. now owns 1,328 shares of the technology company’s stock worth $591,000 after purchasing an additional 154 shares during the period. Panagora Asset Management Inc. grew its holdings in shares of Tyler Technologies by 69.1% during the 1st quarter. Panagora Asset Management Inc. now owns 2,431 shares of the technology company’s stock worth $1,082,000 after purchasing an additional 993 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Tyler Technologies by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,483 shares of the technology company’s stock worth $2,439,000 after purchasing an additional 340 shares during the period. Raymond James Trust N.A. grew its holdings in shares of Tyler Technologies by 4.3% during the 1st quarter. Raymond James Trust N.A. now owns 1,047 shares of the technology company’s stock worth $466,000 after purchasing an additional 43 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Tyler Technologies by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 118,419 shares of the technology company’s stock worth $52,683,000 after purchasing an additional 934 shares during the period. 91.28% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
TYL has been the subject of a number of research analyst reports. StockNews.com initiated coverage on Tyler Technologies in a report on Thursday, August 17th. They set a “hold” rating for the company. DA Davidson increased their target price on Tyler Technologies from $395.00 to $412.00 in a research note on Wednesday, July 19th. Robert W. Baird increased their target price on Tyler Technologies from $470.00 to $475.00 in a research note on Friday, July 28th. Needham & Company LLC reissued a “buy” rating and set a $475.00 target price on shares of Tyler Technologies in a research note on Thursday, July 27th. Finally, Barclays increased their target price on Tyler Technologies from $400.00 to $425.00 and gave the stock an “equal weight” rating in a research note on Friday, July 14th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $440.29.
Tyler Technologies Price Performance
TYL stock opened at $382.45 on Tuesday. The business has a 50 day moving average price of $386.55 and a 200 day moving average price of $384.51. The stock has a market cap of $16.09 billion, a price-to-earnings ratio of 98.82 and a beta of 0.81. Tyler Technologies, Inc. has a fifty-two week low of $281.11 and a fifty-two week high of $426.83. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.30.
Tyler Technologies (NYSE:TYL – Get Free Report) last posted its earnings results on Wednesday, July 26th. The technology company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.17. The firm had revenue of $504.28 million during the quarter, compared to analysts’ expectations of $490.65 million. Tyler Technologies had a return on equity of 8.94% and a net margin of 8.64%. Equities research analysts anticipate that Tyler Technologies, Inc. will post 5.67 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Tyler Technologies news, Director Glenn A. Carter sold 500 shares of Tyler Technologies stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $379.32, for a total transaction of $189,660.00. Following the transaction, the director now owns 2,011 shares of the company’s stock, valued at $762,812.52. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Tyler Technologies news, Director Glenn A. Carter sold 500 shares of Tyler Technologies stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $379.32, for a total transaction of $189,660.00. Following the transaction, the director now owns 2,011 shares of the company’s stock, valued at $762,812.52. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO H Lynn Moore, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $396.59, for a total value of $1,982,950.00. Following the transaction, the chief executive officer now directly owns 80,000 shares in the company, valued at approximately $31,727,200. The disclosure for this sale can be found here. Insiders have sold a total of 7,611 shares of company stock valued at $3,010,403 over the last quarter. Company insiders own 2.20% of the company’s stock.
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 financial management solutions, including modular fund accounting systems for government agencies or not-for-profit entities; utility billing systems for the billing and collection of metered and non-metered services; products to automate city and county functions, such as municipal courts, parking tickets, equipment and project costing, animal and business licenses, permits and inspections, code enforcement, citizen complaint tracking, ambulance billing, fleet maintenance, and cemetery records management; student information and transportation solutions for K-12 schools; and financial management systems.
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