Retirement Systems of Alabama Sells 54 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Retirement Systems of Alabama reduced its position in Tyler Technologies, Inc. (NYSE:TYL) by 0.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 9,267 shares of the technology company’s stock after selling 54 shares during the quarter. Retirement Systems of Alabama’s holdings in Tyler Technologies were worth $5,344,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in Tyler Technologies in the 3rd quarter valued at about $27,000. Quarry LP bought a new stake in shares of Tyler Technologies during the 3rd quarter valued at approximately $78,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Tyler Technologies by 18.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock valued at $78,000 after purchasing an additional 21 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Tyler Technologies during the 3rd quarter valued at approximately $79,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Tyler Technologies during the 3rd quarter valued at approximately $82,000. 93.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Barclays lifted their price target on shares of Tyler Technologies from $700.00 to $705.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Truist Financial reaffirmed a “buy” rating and set a $685.00 price target (up from $600.00) on shares of Tyler Technologies in a report on Friday, October 25th. StockNews.com lowered shares of Tyler Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 6th. JMP Securities lifted their target price on shares of Tyler Technologies from $580.00 to $700.00 and gave the stock a “market outperform” rating in a research report on Friday, October 25th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $700.00 target price on shares of Tyler Technologies in a research report on Tuesday, January 21st. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $645.69.

Tyler Technologies Stock Up 1.0 %

Shares of NYSE TYL opened at $612.18 on Tuesday. The company has a market capitalization of $26.20 billion, a P/E ratio of 111.71, a price-to-earnings-growth ratio of 4.78 and a beta of 0.78. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $638.56. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. The company’s 50 day moving average price is $596.22 and its 200-day moving average price is $593.06.

Insider Transactions at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 3,250 shares of Tyler Technologies stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $631.41, for a total value of $2,052,082.50. Following the completion of the sale, the chief executive officer now owns 75,000 shares in the company, valued at $47,355,750. The trade was a 4.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John S. Marr, Jr. sold 12,000 shares of Tyler Technologies stock in a transaction 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 completion of the sale, the insider now owns 6,983 shares of the company’s stock, valued at $4,285,187.78. This represents a 63.21 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,502 shares of company stock worth $18,941,368. Company insiders own 2.20% of the company’s stock.

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.