Teacher Retirement System of Texas Acquires New Holdings in Tyler Technologies, Inc. (TYL)

Teacher Retirement System of Texas acquired a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 52,410 shares of the technology company’s stock, valued at approximately $10,713,000.

Other large investors have also modified their holdings of the company. Rhumbline Advisers increased its holdings in Tyler Technologies by 32.8% in the 4th quarter. Rhumbline Advisers now owns 113,901 shares of the technology company’s stock worth $21,165,000 after buying an additional 28,132 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Tyler Technologies by 28.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 211,568 shares of the technology company’s stock worth $39,313,000 after buying an additional 46,379 shares during the period. State of Alaska Department of Revenue increased its holdings in Tyler Technologies by 2.1% in the 4th quarter. State of Alaska Department of Revenue now owns 4,709 shares of the technology company’s stock worth $875,000 after buying an additional 97 shares during the period. Texas Permanent School Fund increased its holdings in Tyler Technologies by 4.5% in the 4th quarter. Texas Permanent School Fund now owns 25,405 shares of the technology company’s stock worth $4,721,000 after buying an additional 1,086 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. increased its holdings in Tyler Technologies by 1,511.0% in the 4th quarter. Los Angeles Capital Management & Equity Research Inc. now owns 97,658 shares of the technology company’s stock worth $18,147,000 after buying an additional 91,596 shares during the period. Institutional investors own 90.01% of the company’s stock.

In other news, insider John S. Marr, Jr. sold 30,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $200.84, for a total transaction of $6,025,200.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman John S. Marr, Jr. sold 10,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $201.26, for a total value of $2,012,600.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,143 shares of company stock worth $10,623,160. Insiders own 4.40% of the company’s stock.

Several equities analysts recently weighed in on TYL shares. ValuEngine upgraded shares of Tyler Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 8th. TheStreet upgraded shares of Tyler Technologies from a “c+” rating to a “b-” rating in a report on Friday, February 15th. KeyCorp reiterated a “hold” rating on shares of Tyler Technologies in a report on Thursday, February 21st. DA Davidson downgraded shares of Tyler Technologies from a “buy” rating to a “neutral” rating and set a $210.00 price target on the stock. in a report on Friday, February 22nd. Finally, Northland Securities reiterated a “buy” rating and issued a $240.00 price target on shares of Tyler Technologies in a report on Friday, February 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $237.13.

Tyler Technologies stock opened at $213.71 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.00 and a current ratio of 1.00. Tyler Technologies, Inc. has a 12 month low of $173.26 and a 12 month high of $252.47. The company has a market capitalization of $8.32 billion, a price-to-earnings ratio of 57.14 and a beta of 0.95.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.95 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.95. Tyler Technologies had a return on equity of 11.28% and a net margin of 14.23%. The business had revenue of $247.10 million for the quarter, compared to analyst estimates of $251.75 million. During the same quarter in the prior year, the firm posted $1.13 EPS. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. Sell-side analysts expect that Tyler Technologies, Inc. will post 4.16 earnings per share for the current year.

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Tyler Technologies Profile

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector in the United States and internationally. The company operates in two segments, Enterprise Software, and Appraisal and Tax. It 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; and student information and transportation solutions for K-12 schools.

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Institutional Ownership by Quarter for Tyler Technologies (NYSE:TYL)

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