Mutual of America Capital Management LLC Reduces Stake in Tyler Technologies, Inc. (NYSE:TYL)

Mutual of America Capital Management LLC reduced its position in Tyler Technologies, Inc. (NYSE:TYL) by 4.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,630 shares of the technology company’s stock after selling 258 shares during the period. Mutual of America Capital Management LLC’s holdings in Tyler Technologies were worth $2,354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of TYL. American Century Companies Inc. boosted its stake in shares of Tyler Technologies by 13.1% in the 1st quarter. American Century Companies Inc. now owns 1,328 shares of the technology company’s stock worth $591,000 after buying an additional 154 shares during the last quarter. Panagora Asset Management Inc. lifted its position in Tyler Technologies by 69.1% during the first quarter. Panagora Asset Management Inc. now owns 2,431 shares of the technology company’s stock valued at $1,082,000 after purchasing an additional 993 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Tyler Technologies by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,483 shares of the technology company’s stock valued at $2,439,000 after purchasing an additional 340 shares in the last quarter. Raymond James Trust N.A. lifted its position in Tyler Technologies by 4.3% during the first quarter. Raymond James Trust N.A. now owns 1,047 shares of the technology company’s stock valued at $466,000 after purchasing an additional 43 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Tyler Technologies by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 118,419 shares of the technology company’s stock valued at $52,683,000 after purchasing an additional 934 shares in the last quarter. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Tyler Technologies news, Director Glenn A. Carter sold 1,650 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $437.84, for a total transaction of $722,436.00. Following the sale, the director now directly owns 2,011 shares of the company’s stock, valued at $880,496.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Tyler Technologies news, Director Glenn A. Carter sold 1,650 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $437.84, for a total transaction of $722,436.00. Following the completion of the transaction, the director now owns 2,011 shares in the company, valued at $880,496.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO H Lynn Moore, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $435.98, for a total value of $4,359,800.00. Following the transaction, the chief executive officer now owns 75,000 shares of the company’s stock, valued at approximately $32,698,500. The disclosure for this sale can be found here. Insiders have sold 50,608 shares of company stock valued at $21,974,819 over the last ninety days. 2.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TYL has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. DA Davidson lifted their target price on Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a research report on Thursday, February 22nd. Piper Sandler lifted their target price on Tyler Technologies from $480.00 to $520.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Needham & Company LLC lifted their target price on Tyler Technologies from $475.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Finally, JMP Securities reiterated a “market outperform” rating and set a $490.00 target price on shares of Tyler Technologies in a research report on Friday, February 16th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Tyler Technologies has a consensus rating of “Moderate Buy” and an average target price of $460.46.

Tyler Technologies Trading Up 0.1 %

Shares of NYSE TYL opened at $403.35 on Friday. The business’s 50 day moving average is $423.44 and its two-hundred day moving average is $413.63. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.86 and a quick ratio of 0.86. Tyler Technologies, Inc. has a 1-year low of $361.16 and a 1-year high of $454.74. The stock has a market capitalization of $17.12 billion, a P/E ratio of 103.69, a PEG ratio of 3.97 and a beta of 0.81.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 earnings per share for the quarter, topping 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 analysts’ expectations of $483.34 million. As a group, research analysts expect that Tyler Technologies, Inc. will post 6.77 EPS for the current year.

About Tyler Technologies

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.