Teacher Retirement System of Texas Raises Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Teacher Retirement System of Texas lifted its stake in Tyler Technologies, Inc. (NYSE:TYL) by 253.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 185,410 shares of the technology company’s stock after buying an additional 133,000 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.48% of Tyler Technologies worth $40,052,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Millennium Management LLC grew its stake in Tyler Technologies by 577.5% in the 4th quarter. Millennium Management LLC now owns 7,554 shares of the technology company’s stock worth $1,404,000 after buying an additional 6,439 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Tyler Technologies by 8.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 123,073 shares of the technology company’s stock worth $22,867,000 after buying an additional 9,811 shares in the last quarter. Geode Capital Management LLC grew its stake in Tyler Technologies by 4.7% in the 4th quarter. Geode Capital Management LLC now owns 364,620 shares of the technology company’s stock worth $67,753,000 after buying an additional 16,261 shares in the last quarter. Pennsylvania Trust Co grew its stake in Tyler Technologies by 31.7% in the 1st quarter. Pennsylvania Trust Co now owns 45,955 shares of the technology company’s stock worth $9,393,000 after buying an additional 11,071 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new position in Tyler Technologies in the 1st quarter worth approximately $545,000. Hedge funds and other institutional investors own 88.30% of the company’s stock.

TYL has been the subject of a number of research reports. Zacks Investment Research raised shares of Tyler Technologies from a “sell” rating to a “hold” rating in a research note on Friday, July 5th. KeyCorp reissued a “hold” rating on shares of Tyler Technologies in a research note on Thursday, August 1st. Needham & Company LLC boosted their price target on shares of Tyler Technologies to $280.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Northland Securities reissued a “buy” rating on shares of Tyler Technologies in a research note on Thursday, August 1st. Finally, Benchmark boosted their price target on shares of Tyler Technologies from $235.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Tyler Technologies currently has an average rating of “Buy” and an average price target of $249.50.

Shares of Tyler Technologies stock traded up $3.42 during trading on Wednesday, reaching $258.28. The company’s stock had a trading volume of 82,729 shares, compared to its average volume of 262,910. Tyler Technologies, Inc. has a 52-week low of $173.26 and a 52-week high of $258.52. The company has a market cap of $9.81 billion, a price-to-earnings ratio of 69.06 and a beta of 0.92. The firm’s 50-day moving average is $235.96 and its two-hundred day moving average is $218.21. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.02.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.05. Tyler Technologies had a net margin of 12.96% and a return on equity of 11.44%. The company had revenue of $275.10 million during the quarter, compared to analysts’ expectations of $274.88 million. During the same quarter in the prior year, the company earned $1.18 EPS. The firm’s revenue was up 16.5% on a year-over-year basis. On average, equities research analysts anticipate that Tyler Technologies, Inc. will post 4.16 EPS for the current year.

In other Tyler Technologies news, Chairman John S. Marr, Jr. sold 30,000 shares of the stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $220.17, for a total transaction of $6,605,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Glenn A. Carter sold 325 shares of the stock in a transaction on Friday, June 14th. The shares were sold at an average price of $221.46, for a total transaction of $71,974.50. The disclosure for this sale can be found here. Insiders sold a total of 104,173 shares of company stock valued at $24,845,863 in the last ninety days. 4.40% of the stock is owned by corporate insiders.

About Tyler Technologies

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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