Louisiana State Employees Retirement System Takes Position in Tyler Technologies, Inc. (NYSE:TYL)

Louisiana State Employees Retirement System bought a new stake in Tyler Technologies, Inc. (NYSE:TYL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,500 shares of the technology company’s stock, valued at approximately $1,045,000.

Other hedge funds also recently modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Tyler Technologies by 7.6% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,205 shares of the technology company’s stock valued at $465,000 after purchasing an additional 85 shares in the last quarter. Raymond James Trust N.A. lifted its holdings in shares of Tyler Technologies by 4.9% in the fourth quarter. Raymond James Trust N.A. now owns 1,515 shares of the technology company’s stock valued at $633,000 after purchasing an additional 71 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Tyler Technologies by 4.6% during the fourth quarter. Nordea Investment Management AB now owns 2,600 shares of the technology company’s stock worth $1,091,000 after acquiring an additional 115 shares in the last quarter. DNB Asset Management AS purchased a new stake in shares of Tyler Technologies during the fourth quarter worth $5,040,000. Finally, MCF Advisors LLC purchased a new stake in shares of Tyler Technologies during the third quarter worth $1,737,000. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Insider Buying and Selling

In related news, insider John S. Marr, Jr. sold 6,500 shares of Tyler Technologies stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $427.82, for a total transaction of $2,780,830.00. Following the sale, the insider now directly owns 6,400 shares of the company’s stock, valued at $2,738,048. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,500 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 6,400 shares in the company, valued at $2,738,048. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Glenn A. Carter sold 1,650 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $437.84, for a total transaction of $722,436.00. Following the transaction, the director now owns 2,011 shares of the company’s stock, valued at approximately $880,496.24. The disclosure for this sale can be found here. Insiders have sold a total of 50,608 shares of company stock valued at $21,974,819 over the last three months. 1.50% of the stock is owned by corporate insiders.

Tyler Technologies Trading Up 0.1 %

Shares of NYSE:TYL opened at $419.00 on Thursday. The company has a market cap of $17.78 billion, a P/E ratio of 107.71, a P/E/G ratio of 4.05 and a beta of 0.81. The stock’s 50-day moving average is $422.70 and its 200-day moving average is $414.49. Tyler Technologies, Inc. has a 52-week low of $361.16 and a 52-week high of $454.74. 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 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $483.34 million. Equities research analysts predict that Tyler Technologies, Inc. will post 6.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TYL shares. JMP Securities reiterated a “market outperform” rating and set a $490.00 price objective on shares of Tyler Technologies in a report on Friday, February 16th. DA Davidson increased their price objective on 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. increased their target price on shares of Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Piper Sandler reissued an “overweight” rating and set a $520.00 target price on shares of Tyler Technologies in a research report on Wednesday. Finally, Needham & Company LLC increased their target price on shares of Tyler Technologies from $475.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Tyler Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $460.46.

Tyler Technologies Company 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.