Louisiana State Employees Retirement System Sells 100 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Louisiana State Employees Retirement System lessened its stake in Tyler Technologies, Inc. (NYSE:TYL) by 4.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,300 shares of the technology company’s stock after selling 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Tyler Technologies were worth $1,326,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Oak Thistle LLC boosted its position in shares of Tyler Technologies by 213.7% in the 4th quarter. Oak Thistle LLC now owns 2,328 shares of the technology company’s stock worth $1,342,000 after purchasing an additional 1,586 shares during the last quarter. Aigen Investment Management LP acquired a new stake in shares of Tyler Technologies in the third quarter valued at approximately $1,309,000. Maiden Cove Capital LLC bought a new position in Tyler Technologies during the 3rd quarter worth $583,000. Assetmark Inc. increased its stake in shares of Tyler Technologies by 9.4% in the 3rd quarter. Assetmark Inc. now owns 9,910 shares of the technology company’s stock valued at $5,785,000 after purchasing an additional 854 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Tyler Technologies during the 3rd quarter valued at $569,000. Institutional investors own 93.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on TYL. StockNews.com raised Tyler Technologies from a “hold” rating to a “buy” rating in a research note on Friday. Needham & Company LLC reissued a “buy” rating and set a $700.00 price objective on shares of Tyler Technologies in a research note on Tuesday, January 21st. JMP Securities lifted their price objective on Tyler Technologies from $580.00 to $700.00 and gave the stock a “market outperform” rating in a report on Friday, October 25th. Robert W. Baird lifted their price objective on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $615.00 price objective (down previously from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Tyler Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $667.83.

Tyler Technologies Stock Down 0.7 %

Shares of NYSE TYL opened at $642.39 on Monday. The stock has a market capitalization of $27.49 billion, a price-to-earnings ratio of 117.22, a P/E/G ratio of 4.78 and a beta of 0.78. Tyler Technologies, Inc. has a 12-month low of $397.80 and a 12-month high of $661.31. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The firm’s 50-day moving average price is $596.21 and its 200-day moving average price is $594.48.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. On average, equities research analysts anticipate that Tyler Technologies, Inc. will post 7.36 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider John S. Marr, Jr. sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the sale, the insider now owns 6,983 shares in the company, valued at approximately $4,285,187.78. This trade represents a 63.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brian K. Miller sold 2,500 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $632.01, for a total transaction of $1,580,025.00. Following the sale, the chief financial officer now directly owns 12,198 shares of the company’s stock, valued at approximately $7,709,257.98. This trade represents a 17.01 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,502 shares of company stock valued at $18,941,368. 2.20% of the stock is currently owned by insiders.

About Tyler Technologies

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.