California Public Employees Retirement System Boosts Holdings in Tyler Technologies, Inc. (NYSE:TYL)

California Public Employees Retirement System grew its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 241,604 shares of the technology company’s stock after purchasing an additional 1,159 shares during the period. California Public Employees Retirement System owned approximately 0.57% of Tyler Technologies worth $101,019,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Tyler Technologies by 0.6% during the third quarter. Vanguard Group Inc. now owns 4,913,419 shares of the technology company’s stock worth $1,897,268,000 after buying an additional 29,578 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Tyler Technologies by 0.4% during the third quarter. Principal Financial Group Inc. now owns 1,268,954 shares of the technology company’s stock worth $489,994,000 after buying an additional 5,013 shares in the last quarter. Morgan Stanley grew its position in shares of Tyler Technologies by 21.1% during the third quarter. Morgan Stanley now owns 1,015,713 shares of the technology company’s stock worth $392,208,000 after buying an additional 177,242 shares in the last quarter. Invesco Ltd. grew its position in shares of Tyler Technologies by 6.5% during the third quarter. Invesco Ltd. now owns 860,928 shares of the technology company’s stock worth $332,439,000 after buying an additional 52,798 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Tyler Technologies by 3.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 823,952 shares of the technology company’s stock worth $318,161,000 after buying an additional 28,157 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Up 1.6 %

TYL opened at $418.16 on Wednesday. Tyler Technologies, Inc. has a twelve month low of $361.16 and a twelve month high of $454.74. The firm has a market cap of $17.75 billion, a P/E ratio of 107.50, a price-to-earnings-growth ratio of 4.05 and a beta of 0.81. The business has a 50 day moving average price of $422.97 and a 200 day moving average price of $414.28. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 0.86.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. Tyler Technologies had a return on equity of 8.85% and a net margin of 8.50%. The company had revenue of $480.94 million during the quarter, compared to analyst estimates of $483.34 million. Research analysts forecast that Tyler Technologies, Inc. will post 6.77 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TYL. JMP Securities reissued a “market outperform” rating and set a $490.00 price target on shares of Tyler Technologies in a research report on Friday, February 16th. Needham & Company LLC lifted their price objective on shares of Tyler Technologies from $475.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. DA Davidson lifted their price objective on shares of Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a report on Thursday, February 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Finally, Piper Sandler lifted their price objective on shares of Tyler Technologies from $480.00 to $520.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $460.46.

Insider Transactions at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 7,500 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $435.19, for a total value of $3,263,925.00. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at $32,639,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider John S. Marr, Jr. sold 6,500 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $427.82, for a total value of $2,780,830.00. Following the completion of the transaction, the insider now directly owns 6,400 shares in the company, valued at $2,738,048. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO H Lynn Moore, Jr. sold 7,500 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $435.19, for a total value of $3,263,925.00. Following the completion of the transaction, the chief executive officer now owns 75,000 shares of the company’s stock, valued at $32,639,250. The disclosure for this sale can be found here. Insiders sold a total of 50,608 shares of company stock worth $21,974,819 over the last three months. 1.50% of the stock is currently owned by 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.